'Black swans' are highly unlikely and relatively unforeseeable events with potentially extreme adverse consequences. There's a benefit to brainstorming these scenarios along with possible risk mitigation and response tactics. (ALM Media archives)
Imagine if only a couple months ago you had told colleagues that life as we know it was about to be ransacked by a pandemic. It probably would have elicited little more than the same "I suppose it's possible" response, as any earlier prognostications of airplanes crashing into buildings, earthquakes causing a tsunami leading to a nuclear catastrophe, or a near-collapse of the global financial system.
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