Building Resilient Organizations - Best Practices, Tools, and Insights to Thrive in Ever Changing Contexts is another book of the serie that Brightline™ Initiative has produced in partnership with Thinkers50.
In our tumultuous times, understanding and achieving resilience have never been more important. Some organizations have resilience in their DNA and the book is focused on identifying what sets these enterprises apart, exploring the nature of resilience for organizations.Ricardo Vargas was one of the participants, he wrote the chapter “Beyond Resilience: Leaders Must Urgently Embrace Antifragility”.
In this week's episode, Ricardo talks about the relationship between the concepts of BANI and VUCA. The acronym VUCA for "volatile," "uncertainly," "complex," and "ambiguous" has its origins in the American army during the cold war and sought to explain the constant changes and complexity of contemporary entities, which alter our perception of what is right and what is wrong.
In this week's episode, Ricardo talks about the Law of Diminishing Returns applied to the effort we make to manage projects. We often doubt how much management is worth, and we try to simplify management as much as possible to avoid bureaucracy when we spend a lot of time in meetings or filling out documents and templates without reaching any results.
In this week's podcast, Ricardo talks about negotiation and how it is inserted into our daily lives far beyond buying and selling relationships. He talks about negotiation steps and how we often make mistakes when skipping important phases of this process.
In this week's episode, Ricardo talks about the difference between compliance and conformity. Compliance and conformity are rules that an organization must always follow. However, the purpose of each is quite different. Often the company decides to follow a specific rule not because it has to but because it is good for the business, such as obtaining ISO certification.
In this week's episode, Ricardo talks about availability bias. He explains that when a risky event is repeatedly exposed on the news or by a group of people next to us, our perception is altered by that exposure, which often makes us lose rationality about the real probability or impact. One of the examples is the panic seized by the delay of flights all over the world.
In this week's episode, Ricardo talks about the potential applications of artificial intelligence in projects and compares the different impacts and implementation complexity of each of them. He comments that a project that is self-managed in all dimensions by Artificial Intelligence will have a tremendous impact on both the people involved in the project and the project itself.
In this week's episode, Ricardo talks about the three central values that project management brings to the organization that you could talk about in a brief speech in an Elevator Pitch. The first: Project management is one of the most powerful tools to organize your workflow and prevent chaos from setting in. Regardless of the approach used, project management will define the criteria that will manage the flow of work within the organization.
In this week's episode, Ricardo talks about the latest news published in the press about the streaming service Netflix, which, upon announcing the first reduction in the number of subscribers to the platform in the last ten years, suffered a devastating drop in the value of its shares. Netflix's value dropped from more than 300 billion dollars at the end of 2020 to 89 billion after the announcement.
In this week's episode, Ricardo returns to the concept of Antifragile, presented by Nicholas Taleb in his book, where Taleb stated that the antifragile "is not necessarily the opposite of fragile" but "what improves with shock." Ricardo talks about making the different types of systems antifragile, systems that can be you, your career, or your company. He complements the concept and outlines the five steps from fragile to antifragile.
In this week's episode, Ricardo talks about the concept of Antifragile, presented by Nicholas Taleb in his book. To better explain it, Ricardo explains the meaning of being "fragile" and "robust," where "robust" is not necessarily the opposite of fragile. Robust refers to the ability to resist shock and is not necessarily improved by shock. What improves with shock is Antifragile. And what you gain from stress.
Ricardo recently watched, using his project management perspective, the documentary "Fyre - The Great Event That Never Happened," which was recommended by a friend. Fyre was supposed to be one of the music festivals that was supposed to be one of the most exclusive globally and ended up being a complete fiasco. The initial idea was to create an event to promote the celebrity booking application called Fyre.
Faced with this week's events with Russia's invasion of Ukraine, Ricardo had decided not to record any new episode this week. However, today he decided to record a different episode, talking about empathy and support in uncertain times like the current ones. In this week's episode, he talks about the importance of understanding that reality has changed and that there is no perspective on how the subsequent events will unfold.
In this week's episode, Ricardo talks about the exponential growth of problems in the project. He explains with several examples what exponential growth is, such as the behaviour of social networks when a post is shared with ten people and that each one will share with another ten people. So on, the number of views has a massive growth. We often rely on intuition to make a future prediction, imagining linearity.