Question
The nature's approach of 'trying and failing' is a key aspect of antifragility in business organizations. This approach allows for the testing of various strategies and ideas, with those that fail being discarded and those that succeed being kept and built upon. This process of trial and error, much like natural selection, leads to the strengthening of the organization as it learns from its failures and adapts. This makes the organization antifragile, as it not only withstands shocks and volatility, but also benefits and grows stronger from them.
This question was asked on:
Nature knows how to select; about half of all embryos undergo spontaneous abortion. Nature knows it is easier to try and fail, than to aim for always creating something perfect. Silicon Valley gets this, with its mantra of "fail early." Keep what is good, ditch what is bad, and know when to take the profits. The antifragile takes the best option; the fragile has no option.
Receive new free presentations every Monday to your inbox.
Full content, complete versions — No credit card required.
