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How to Avoid Catastrophe

Most people think of “near misses” as harrowing close calls that could have been a lot worse—when a firefighter escapes a burning building moments before it collapses, or when a tornado miraculously veers away from a town in its path. Events like these are rare narrow escapes that leave us shaken and looking for lessons.

A version of this article appeared in the April 2011 issue of Harvard Business Review.

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