Complexity Curricula Video 11: Risk and Uncertainty

This video explains the critical distinction between risk and uncertainty. Decision-makers often navigate their options by assessing risk—by plotting the probabilities, costs, and benefits of different outcomes and deciding accordingly. But the world is increasingly characterized by situations in which the range of possible outcomes and their probabilities are virtually impossible to estimate. This video discusses the situations in which traditional risk management approaches will and will not work.

Complexity Curricula Video 9: Adaptation and Resilience

This video provides a clear introduction to the concepts of adaptation and resilience in the context of organizations. It focuses specifically on panarchy theory and the adaptive cycle, which help explain the ways in which organizations develop, gain and lose resilience, and undergo bouts of creative destruction. The video concludes by exploring strategies by which managers can foster resilience in their organizations and activities.