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Managing Failure: Systems Thinking and the Butterfly Effect Failure may not always be completely preventable, but with the right thinking and PLM platform, it should always be manageable. May 18th, 2021 The 2021 Texas power crisis was the result of many things being unprepared for an extreme snowstorm, inadequately winterized power equipment, power grids isolated to the state, and so on. However, it’s fair to say this crisis was largely a miscalculation of risks. It was a failure to predict and mitigate a series of compounding factors, which led to a break under pressure. We can call it a failure in Systems Thinking. ....
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