Making Your Business Antifragile
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Transcript of Making Your Business Antifragile
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C-184 Making Your Business Antifragile
Ed Kless
@edkless
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CPE Credit
• In order to receive CPE credit for this session, you must be present for the entire session. – Session Code: C-184– Recommended CPE Credit = 1.5– Delivery Method = Group Live– Field of Study = Specialized Knowledge and Applications
• Visit the Sage Summit Connect kiosks to enter CPE credit during the conference.
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Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.
The antifragile loves randomness and uncertainty, which also means—crucially—a love of errors, a certain class of errors.
-Nassim Taleb
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Fragile Robust Anti-fragile
Damaged by disorder
Resilient to disorder
Benefits from
disorder
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We are largely better at doing than we are at thinking, thanks to antifragility. I’d rather be dumb and antifragile than extremely smart and fragile, any time.
-Nassim Taleb
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It is of great help that Mother Nature is the best expert at rare events, and the best manager of Black Swans; in its billions of years it succeeded in getting here without much command-and-control instruction from an Ivy League–educated director nominated by a search committee.
-Nassim Taleb
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In business and economic decision making, reliance on data causes severe side effects—data is now plentiful thanks to connectivity…
A very rarely discussed property of data: it is toxic in large quantities—even in moderate quantities.
-Nassim Taleb
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Organizations/ideas/art which have been around a long time, will be around for a long time to come.
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What you came for (I.e., HT make you business anti-fragile)
• Don’t try to control your reputation, but rather expose your organization by telling others WHY you do what you do
• When setting strategy in your business, plan, but include the ability to adapt your plan.
• (Or don’t really plan, I can’t decide.)
• Encourage learning failures through lots of experimentation. Recognize that these idea will more often fail, but the more failure, the more success.
• Understand freedom and accountability are the same thing.
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Your Feedback Is Important to Us!
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• Your feedback helps us improve future sessions and presentation techniques.
• Session code for this session: C-184
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Contact Information• Presenter Contact Information:
– Ed Kless– [email protected]– Twitter hashtag @edkless
• Follow us @Sage_Summit– Use the official Sage Summit hashtag: #SageSummit
• Don’t forget to use the Sage Summit mobile or web app for all your conference needs.
Thank you for your participation.
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