Difference between revisions of "Antifragility"
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*[https://www.youtube.com/playlist?list=PLbjmSS6LZDGoDnljDrI4lZMEbkxtSH3xe Anti-fragile mindset - video playlist], Video playlist | *[https://www.youtube.com/playlist?list=PLbjmSS6LZDGoDnljDrI4lZMEbkxtSH3xe Anti-fragile mindset - video playlist], Video playlist | ||
| − | *[https://www.youtube.com/playlist?list=PLUz-QawjhtHo4zQYAsbBqd0aW50j4KB1c The antifragile podcast] | + | *[https://www.youtube.com/playlist?list=PLUz-QawjhtHo4zQYAsbBqd0aW50j4KB1c The antifragile podcast - video playlist], Video playlist |
== Anti-fragility in business == | == Anti-fragility in business == | ||
Revision as of 07:17, May 28, 2024
Anti-fragility is a property of systems/beings in which they increase in capability and resilience to thrive as a result of stressors, pressure, attacks, shocks, volatility, and temporary mistakes/failures.[1]
The term anti-fragility is often used in relation to psychology/personal development, economics, business and organizations.
The article Unlocking Human Potential: Antifragile Conflict & Negotiation Strategies indicates:
| “ | Yet this underlying idea that adversity and challenges can lead to strengthening, to growth, is fairly common. Yet the concept hasn’t received much attention, from a technical perspective anyway, until Nassim Taleb, an author and statistician, whose body of work focuses risk, probabilities, randomness, and uncertainty, thoroughly unpacks the concept. He not only unpacks this general idea but comes out the other end with a remarkably eloquent, yet sophisticated concept, blending philosophy with mathematics, into a new concept that he refers to as “antifragility”.
Antifragility is both a technical concept and at the same time, a general principle that can be applied to any aspect of your life. Whether it’s how to allocate your investments, your health regime, or how to structure your business so that it not only survives unknown shocks but thrives from them. One example Taleb provides to illustrate antifragility is by comparing the mythical creatures of the Hydra and the Phoenix. When the Phoneix dies, it rises from the ashes to live again. While if you cut off the head of the Hydra, it grows two more heads. The Hydra becomes stronger from the damages inflicted on it. That’s the general idea and is emphasized in the subtitle to Taleb’s book on the topic; Antifragility, Things that Gain from Disorder. The Phoenix didn’t gain from the injuries; yet, it is resilient because it is reborn. It withstands the damages and lives again. Yet the Hydra is antifragile. Unlike the Phoenix, it not only survives the damages but it actually becomes stronger. Take exercise as another example. When you lift weights, you damage your muscles. When they repair, they don’t return to their original state, like the Phoenix, but rather the muscles become stronger, like the Hydra’s response to damages. That’s the concept. So thanks to Taleb’s work, we now have three categories to describe the response to volatility and disorder. It can break (which is fragility). It can remain unchanged (resiliency). Or, in response to the volatility, it can become stronger (antifragility). Now, if we consider conflict to be the volatility we experience in life, the volatility that can exist in relationships, within the workplace, between countries and different groups of people, whatever the context, the concept of antifragility can demonstrate the necessity of good conflict management practices. The way that a conflict is managed, whether an individual’s personal coping style, or a manager’s efforts within the workplace, or even a mediators efforts to end political conflict, the methods and management styles used can result in the very same three responses: fragility; resilience; and antifragility.[2] |
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Anti-fragility and psychology/personal development
- The Antifragile Mindset by Dana Klisanin Ph.D.
- The Rise of the Antifragile – Beyond Mere Resilience, Thequintessentialmind.com
- Does coaching need the concept of antifragility?, British Psychology Association
Videos:
- Anti-fragile mindset - video playlist, Video playlist
- The antifragile podcast - video playlist, Video playlist
Anti-fragility in business
- Make Your Organization Anti-Fragile, Harvard Business Review
Book
- Antifragile: Things That Gain from Disorder (Incerto) by Nassim Nicholas Taleb. Random House; First Edition (November 27, 2012)
Quote
“That which does not kill us makes us stronger.” - German philosopher Friedrich Nietzsche
See also
External links
- Anti-fragility, Investopedia
Videos: