My previous post distinguished risk from uncertainty and their effects on decision-making and decision-makers. This post offers insights for identifying and contextually clarifying post-lockdown economic, strategic, and operational uncertainties.
Economic uncertainties, for example, include the recovery of global, national, regional, and local economies. Secondary ones include the potential for protectionism if governments intervene on behalf of industries impacted by their pandemic policies. These uncertainties can be clarified and sometimes narrowly estimated and managed as risks.
Since the current economic disruptions have no parallels, we identify and clarify uncertainties in part by constructing cases based on lessons and insights from past crises. This approach can help decision-makers improve their awareness and decision-making as the lockdowns are lifted and the economy moves towards a new normal.