Enterprise

Why great business leaders practise crisis thinking

Although we all go into a venture with optimism that all will go well, it is possible that all can go wrong. PHOTO | FOTOSEARCH
Although we all go into a venture with optimism that all will go well, it is possible that all can go wrong. PHOTO | FOTOSEARCH  

It is said that Alexander the Great, the ancient king of Macedonia, would often stop in the middle of something and ask his generals; ‘‘Supposing an enemy attacked us from this or that direction, how would we respond?”

His team would figure out all possible strategies of neutralising the imaginary enemy.

This is called crisis thinking and is one of the attributes of a leader. It is the ability to envision a possible crisis and strategically plan in a way that does not lead to loss or endanger.

This act of creating imaginary situations and preparing for their eventuality regardless of how remote they seem makes a business leader ready for any eventuality.