
Why You Need to Stress Test Your Strategies (and Tactics)
HBR IdeaCast
00:00
Understanding Strategy Resilience in the Face of Shocks
This chapter emphasizes the necessity of stress testing strategies in the travel sector by exploring a scenario akin to the COVID-19 pandemic. It recounts a 2017 exercise with students who simulated the impacts of sudden market shocks, illustrating the essential need for adaptability in business strategies.
Transcript
Play full episode