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The pandemic caused a "never change" to happen in many businesses. There are many things unlikely to happen that could have high impact. Taken as a group, somet
by QuantumGood 3y ago
The pandemic caused a "never change" to happen in many businesses. There are many things unlikely to happen that could have high impact. Taken as a group, something unlikely yet high impact becomes likely (i.e. the Black Swan paradox).
- coffeecantcode 3y agoAnd Black Swan events do happen, it’s like the fact that growing up my town got hit by a 100 year flood. Twice. But in the wake of Covid when it comes to business analysis I think that we now have a different outlook on why is variable and what is not. We might have gotten a little too high and mighty with our assumptions. There are still things that will never change about the base relationship you have with your customers if you have a viable business model though.