Foreword
DISRUPTION IS ALL around us. As I write these words in early 2025, we see unprecedented changes to political administrations around the world, geopolitical instability remains rife, the rules of trade are being overhauled, and a $1 trillion+ bet is being placed on artificial intelligence (AI).
Does this represent a unique juncture in society? No. With the benefit of hindsight, history can be understood as a sequence of disruptive passages and milestones, occurring through a series of waves, each bringing transformative challenges and opportunities. As we trace these waves of disruption back over almost a century, we can point to rapid information and technological innovation as common catalysts to accelerating change. Where would we be today without the iPhone, the internet, and open-source software? Where will we be tomorrow with AI?
In 2017, St. John's University held an enterprise risk management (ERM) summit for risk and strategy executives. The purpose of the summit was to explore why companies found it difficult to see the risk and uncertainties in their strategic choices. Executives shared that it was no longer sufficient to set strategy, try to beat the competition via better products or services, or simply find new markets. In a volatile, fast-paced world, many believed that the missing ingredient was aggressively identifying and managing the risk in strategy. Navigating the risky waters brought about through disruption requires leaders who can not only set ...
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