Black Swan Events in Work Environments

Isaac Wanasika () and Tiina Brandt ()
Additional contact information
Isaac Wanasika: Monfort College of Business, University of Northern Colorado
Tiina Brandt: Haaga-Helia University of Applied Sciences

Chapter Chapter 8 in The Palgrave Handbook of Change and Resilience at Work, 2025, pp 167-179 from Springer

Abstract: Abstract Almost 18 years have passed since Nassib Taleb conceived the Black Swan event. The Black Swan is a random event that lies outside the realm of expectation and has a significant impact and a surprising, and often deleterious effect. Black Swans can explain many consequential events in our world, while human beings tend to rationalize explanations of a Black Swan event after the fact. In recent years, Black Swans have increased due to globalization, digitization, and arising interconnectedness, interdependence, and complexity. Continuous news coverage of events around the world and information at our fingertips often amplifies information in ways that may lead to contagion or hysteria. The focus of this chapter is to develop better insights into Black Swan events in work environments. The COVID-19 global pandemic swiftly impacted many aspects of people’s lives globally. Geopolitics and violent hotspots have destroyed human lives, and economic systems. In technology, artificial intelligence continues to disrupt our world in real time. This chapter examines Black Swans in work environments and viable options for mitigation of their impact through building resilient organizational architectures, adaptation, responsiveness, and innovative risk management strategies.

Keywords: Black Swan; Work environment; Resilience; Black Swan events; Unexpected events (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-91493-5_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031914935

DOI: 10.1007/978-3-031-91493-5_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().