Source: NYT > Business
Corporate boards are treating crisis management as a permanent job requirement rather than an occasional stress test, changing how executives are hired, evaluated, and compensated. Geopolitical instability, supply chain fragility, and macroeconomic volatility have become structural features of business rather than temporary disruptions. Executives who advance are those who operate effectively within chaos rather than waiting for conditions to normalize. The competitive advantage has shifted from growth-at-all-costs leadership to the ability to make confident decisions with incomplete information while maintaining stakeholder confidence—a departure from the optimization-focused playbooks that defined the 2010s.