We’re living in a time of multiple crises — from bank collapses to business failures. So what are the best practices when it comes to anticipating the worst-case scenario and dealing with risk? Isabel Berwick discusses the ways flawed judgement and tribalism get in the way of risk assessment, as well as how to plan ahead with Michael Skapinker, author and FT contributing editor, and John Mullins, an entrepreneur and a professor of management practice at the London Business School.

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Presented by Isabel Berwick. Produced by Manuela Saragosa and Audrey Tinline. The sound engineer is Breen Turner.

Read a transcript of this episode on FT.com

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