Mitigating risks and avoiding pitfalls
Although we could write entire books on risks, we will address them here at a principles level. Risks are always there and mitigation mechanisms have to be in place.
To avoid pitfalls, we must follow three principles:
- Value inhibition in the panarchy ecocycles, as mentioned in Chapter 6, Applying the Panarchy Principle
- Leadership
- Learning
We will look at these principles in the next section.
Anticipating inhibitions
We recall here the deceleration forces in Figure 6. 5 of not aligned values in the ecocycle above your own ecocycle. The decision-makers involved in the ecocycle who are determining the investments must be involved at a very early stage. They must all look for ways to solve their dilemmas. A sense of urgency must exist.
Be sure not to skip a tier or ecocycle of the panarchy. Brilliant ideas in a team using new technologies such as VR in metaverses are indeed ideas. Proof of concepts and pilots are...