How has the concept of antifragility influenced corporate strategies or business models?

A traditional manufacturing company can apply the concept of antifragility to become more resilient and adaptive by embracing volatility and uncertainty, rather than trying to avoid them. This could involve implementing systems that improve or strengthen when exposed to shocks or stressors, much like how evolution strengthens a species over time through exposure to disturbances. For instance, the company could diversify its supply chain to ensure it can adapt to disruptions. It could also encourage innovation and experimentation, allowing for 'random mutations' that could lead to more effective processes or products. However, it's important to manage the level of exposure to stressors to avoid catastrophic failures.

Yes, the concepts of antifragility and evolution can be applied in real-world business scenarios. Antifragility is about gaining from disorder, it means that a system improves or gains from shocks, volatility, and uncertainty, which are characteristics of the business environment. Businesses can implement this by creating systems and processes that are not only resistant to shocks but also benefit from them. On the other hand, the concept of evolution can be applied in business through continuous innovation and adaptation. Businesses need to constantly evolve their products, services, and strategies in response to changes in the business environment. Those that fail to evolve may not survive in the long run.