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At this rate we are going to unlearn all the management theory since 1980--core competency, outsource non core activities, optimize capital structure etc.
I think some redundancy in our system ought to be government led/mandated, i.e. essential product supply chain. To your point, here's a way of selling to the HBS crowd:https://twitter.com/Molson_Hart/status/1243988416947159040 …
Yes, without government mandate it wont work. Collective action problem.
You're probably right, but setting up an automated mask factory in the United States, even absent government support, might be a profitable proposition. You make no money most years, but every now and again, you boom. Doesn't work if you're not the only one with this idea.
Agree 100%. Resiliency is the key concept in a world of uncertainty.
If the govt actually did lead in the way they should, redundancy would automatically be built in to the system, all theories be damned.
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