Definition Complexity refers to the state of being intricate, interconnected, or multifaceted. There are non-linear interactions and dynamic feedback loops. Complex systems cannot be easily simplified. It requires a systems thinking approach to understand and navigate. A complicated system however, is easier to reduce to a model or diagram. Example Poly Crisis Adam Tooze’s Poly … Read more
Definition Trends are patterns of change or development in a particular direction over time. Trend analysis is the practice of collecting information and attempting to spot a pattern, or trend, in the information. Example The rise of remote work is a significant trend that has been accelerated by the COVID-19 pandemic. Companies like Gallup have … Read more
Definition Nassim Nicholas Taleb popularised the term ‘Black Swan Event’ when referring to an unexpected, unforeseen event that has a huge impact. The metaphor of a black swan originated from the presumption that all swans were white, based on centuries of observation, until black swans were discovered in Australia, challenging the previously held assumption. Similarly, … Read more