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How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business Review

First, individuals focus on short time horizons and thus underprepare for future threats. But the emerging challenge of reducing risk exposure for coastal residents creates new opportunities for firms that can innovate and provide new solutions. Third, people are over-optimistic and thus underestimate their own risk exposure.

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What to Do When Your Future Strategy Clashes with Your Present

Harvard Business Review

From time to time, the basis of competition in an industry shifts so dramatically that shifting with it requires a new long-term vision that calls for the organization to do things it never would have done in the past. The innovation portfolio. Connecting Three Different Business Portfolios. The investment portfolio.