Transforming Incerto into Competitive Advantage through Business Antifragility Management
If you would like to inquire / book me for a keynote, impulse talk or inhouse workshop: +49 (0)176 47136796 (also via whatsapp)
Introduction - How to make decisions in times of incerto?
Since 2015, I have been concerned with the digital transformation and its impact on corporate structures.
I have been particularly interested in understanding how organizations make business decisions in the present and the future, especially in handling uncertainty and disruptions.
However, I realized that an important term was missing from my understanding: antifragility.
Discovery of Nassim Taleb's Ideas:
In 2019, while reading "The Art of Thinking Clearly: Better Thinking, Better Decisions (Die Kunst des guten Lebens)" by Rolf Dobelli, I came across numerous references to an author named Nassim Taleb.
Intrigued by this, I decided to delve deeper and ordered Taleb's book, "The Black Swan." To my fascination, I found that Taleb's ideas resonated with me, as they described many phenomena,
I had already observed but lacked the appropriate names and descriptions for.
Eager to explore further, I impulsively purchased the entire series of his books called "The Incerto," including "Fooled by Randomness," "Antifragile," and "Skin in the Game."
Reading through the series once a year, I continue to gain new insights and perspectives, which have significantly influenced various aspects of my life and my skill portfolio: Thriving in Incerto.
Recognition of Fragility During the Covid-19 Pandemic:
When the Covid-19 pandemic hit Europe with full force, I couldn't help but notice the fragility of many businesses when faced with unexpected events.
This realization sparked my contemplation on how to design businesses to be more robust in times of crisis.
Applying Incerto's Ideas to the Business Environment:
Out of a desire to make a difference in practice, I decided to write my bachelor thesis on the topic applying the ideas presented in the Incerto series to the corporate environment.
My thesis includes a comprehensive exploration of concepts and definitions, including fragility and antifragility.
In addition, I present frameworks, methods and strategies to apply these concepts to different aspects of a company, from individual components to the entire organization.
My Concept:
📜Key Definitions
âš™ Complexity
âš™ The Triad: Fragility & Robustness (Resilience) & Antifragility
âš™ Incerto Coach
âš™ Black Swan Events
âš™ Fooled by Randomness - The hidden Impacts of Chance in the Company Environments e.g. Markets
âš™ Skin in the Game - Hidden Asymmetries in Daily Business
âš™ Mediocristan and Extremistan
âš™ Sustainability beyond Resilience
âš™ Via Negativa
âš™ Barbell Strategy
âš™ Green Lumber Fallacy
📜 Mindset related prerequisites for antifragility management
âž¡ View forecasts critical
âž¡ Accepting fragility
âž¡ Take Risks not Manage Risks
âž¡ Letting go of efficiency
âž¡ Using options (not the financial instrument), therefore using antifragility
âž¡ Accepting variability, letting go of the stability lemma
📜 Frameworks to execute fragility, resilience and antifragility analysis in a part of a company
âž¡ How to handle the Agile Triad: Fragility & Robustness (Resilience) & Antifragility
âž¡ Fragility Source Matrix
➡ Lorenzo´s 5 Points Model
➡ Lorenzo´s Crunch Corner
📜 Frameworks to execute fragility, resilience and antifragility analysis of a whole company
âž¡ Total-Fragility-Index
âž¡ Fragility Interaction Model
âž¡ Fragility Spill Over Model
📜How to make a business less fragile and more antifragile using Artificial Intelligence
📜Use Cases
📜 Referent: Lorenzo Tural
- B.A. International Business
- Masterand Market-oriented Management
Keynote, Impulsvortrag oder Inhouse Workshop anfragen
Wenn Sie mich für einen Keynote- oder Implusvortrag anfragen / buchen möchten: +49 (0)176 47136796 (auch via whatsapp)