Previously, on Leading Through Chaos: Chaos is hard because we can’t plan for it. Our protection? Nassim Nicholas Taleb’s “barbell strategy”: avoid ruin while finding opportunity. Use “effectuation” to find upside opportunity when planning...
Previously, on Leading Through Chaos: Chaos is hard because we can’t plan for it. Our protection? Nassim Nicholas Taleb’s “barbell strategy”: avoid ruin while finding opportunity. Use “effectuation” to find upside opportunity when planning...
Leading Through Chaos: The Leverage for Change What came before: In part 1, we saw that chaos is a problem because it makes prediction hard. A barbell strategy helps us make it through. In part 2 we dealt with risk of ruin, and part 3, covered upside opportunity. I’ve...
In part 1 we covered the need for predictability. We took Nassim Nicholas Taleb’s advice in part 2 to cover our worst-case scenarios. Reader Shari Aaron asked: My business faces short-term disruption. Client budget approvals are very slow, due to so much uncertainty....
I have long planned to buy a new computer in 2026. My current desktop is nearing its end of life, but it still limps along. I’d rather not invest right now; cash is tight, tariffs are high, and my portfolio is down. But supply chain disruptions might mean that prices...
When change is too fast, we stop investing for the future. Consider college: Who wants to spend four years and thousands to learn advanced skills that might be obsolete in ten years? When college is a path to success, it’s a no-brainer. When the job market changes so fast that college is a six-figure gamble? Not so much.
We can’t plan long-term during unpredictability, so we have to settle for short-term tactics. But that’s dangerous. Because short-term gains often come at the expense of long-term health.
The way to deal with chaos is to find predictability wherever you can.
A fable of Maximus Grandeur, CEO of Gaping Maw Co[1]. Think you understand “synergies”? Think again. Most people don’t. Synergies can happen. The boost revenues and profits, but tank profit margin. In fact, math often guarantees it. Here’s an example. In the Beginning...
Beginnings matter. Whether you're an executive communicating a leadership message, a team leader building morale, or a solopreneur bringing your self to market, you've got something important to say. But. If you've got a great product/message/idea but can't...
Zoom, the video conference company, just updated their Terms of Service. Section 10.4 lets them use your meeting content to train machine learning and AI models. They could use this to duplicate your expertise, if you deliver your expertise via Zoom. This could put...
“Hello, valued customer, your call is very important to us. Now please wait 15 minutes because we don’t want to spend the money to staff our phone lines.” There was an actual human being who decided to record that message. That actual human being may really have...
I'm a judge for Mass Challenge, as well as the Harvard Business School competition, and I've noticed that many entrepreneurs don't know what market size means. Let me call out two of the most common mistakes, which can be the difference between recognizing a real...