How to teach business survival in a permacrisis

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As the world — and South Africa — stumble through extreme instability, business leaders need to be prepared for ‘perpetual pivoting’. What are business schools doing to equip their students for this ever-changing environment?

The term “permacrisis” well describes the sense of lurching from one large crisis to the next: from Brexit to the pandemic and then the Russia-Ukraine war — events that have been punctuated by fires, floods and other climate-related disasters.

South Africa has been operating in a climate of heightened instability for such an extended period that it certainly feels as if the country is in a permanent state of crisis. Over the past few years, it has had to cope with these global challenges just as home-grown crises have escalated. Unemployment, crime and political uncertainty are all mounting as economic growth evaporates. ...

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