Navigating the Permacrisis: Strategies for a Stable Future

The concept of "permacrisis" highlights the systemic challenges facing society, requiring a balance of competition and collaboration to build resilience and adaptability in the face of ongoing crises.

author-image
Wojciech Zylm
Updated On
New Update
Navigating the Permacrisis: Strategies for a Stable Future

Navigating the Permacrisis: Strategies for a Stable Future

The concept of "permacrisis," introduced by Richard Chambers, defines the current era as a relentless churn of turmoil. From the COVID-19 pandemic and geopolitical strife to financial instability and disruptive AI technology, businesses and communities face a persistent state of interconnected crises.

On April 22, 2024, an event at Cambridge University will feature Nobel Laureate Michael Spence, Dr. Mohamed El-Erian, and Gates Cambridge Scholar Reid Lidow discussing their new book "Permacrisis: A Plan to Fix a Fractured World," co-authored with former Prime Minister Gordon Brown. The book aims to explain where current approaches have gone wrong and propose a plan to prevent crises and better manage the future.

Why this matters: The permacrisis concept highlights the systemic nature of the challenges facing society today. Finding effective strategies to traverse this complex landscape is crucial for building a more stable and equitable future for all.

Research suggests that a combination of competition and collaboration , known as coopetition, can be an effective strategic choice for businesses operating in permacrisis environments. By simultaneously cooperating and competing with competitors, firms can develop new knowledge-based resources and capabilities to enhance efficiency and effectiveness.

The scientific community's collaborative efforts in combating epidemics like Ebola and MERS demonstrate the effectiveness of a joint approach in addressing global health threats. A balance between competition and collaboration is crucial for strategic success in a permacrisis world, ensuring resilience and adaptability in the face of ongoing challenges.

As Dr. Mohamed El-Erian, President of Queens' College, stated, "The book aims to explain where current approaches to growth, economic management, and governance have gone wrong, and proposes a plan to prevent crises and better manage the future for the benefit of the many, not just the few." The upcoming event at Cambridge University offers an opportunity to investigate these critical issues and explore strategies for navigating the complexities of the permacrisis era.

Key Takeaways

  • Permacrisis: Relentless churn of crises facing businesses and communities
  • Book on Permacrisis: Experts propose strategies to prevent and manage crises
  • Coopetition: Combining competition and collaboration can enhance resilience
  • Collaborative efforts: Effective in addressing global challenges like epidemics
  • Upcoming event: Experts to discuss permacrisis and solutions at Cambridge