Abstract
In this chapter we investigate what approaches are suitable for a particular context, with examples from: (1) the logistics industry; (2) spatial and systemic failure in the financial sector in Iceland; and (3) policy decisions around investment in large-scale complex infrastructure.
A special section is dedicated to the science of muddling through and the potential it has for leadership when very little is known and judgment is at a premium. Learning from failure is also important and a section of this chapter uses examples from multiple sectors to uncover the important elements for learning from failure.
Resilience and how leaders can be comfortable with the concept is an area covered in this chapter, as resilience strategies are also context sensitive.
The chapter ends with a practice block that prepares leaders to embody and prepare for superior performance.
Keywords
Supply Chain European Union Gross Domestic Product Monetary Policy Financial CrisisPreview
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Notes
- 14.For a good reference see Axelrod, Robert and Michael D. Cohen. Harnessing Complexity: Organizational Implications of a Scientific Frontier. The Free Press. New York. 1999.Google Scholar