To help us cope with anxiety, Ricardo discusses a technique he learned from Nick Trenton's book "Stop Overthinking": the 5,4,3,2,1 method. Every day brings new challenges, and it's easy to get caught up in a never-ending cycle of panic and worry about the potential dangers to our work and projects. The method is based on counting down from five to one; at each stage, we focus on a different sense in order to locate ourselves in the here and now.
This week, Ricardo discusses the 18th edition of the Global Risk Report, published annually by the World Economic Forum. This report presents a ranking of global risks and threats, both short-term and long-term. From an operational standpoint, the project or initiatives we are working on can be severely impacted by events that happen far away. Ricardo draws a parallel between the positioning of our project from the global perspective.
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 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 talks about flexibility and inflexibility when planning something. We often have the mindset of planning, executing, and controlling something so that it must go exactly as planned. Any variation in the plan is bad and should be avoided, this is inflexibility, and all we don't have today is predictability, showing that the world of inflexibility no longer exists.
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.
In this week's episode, Ricardo explains the concept of Systems Thinking. He compares systems thinking with traditional analysis, where the system is broken down into smaller components to assess problems, impacts, and improvements. In Systems Thinking, the process is practically the opposite. The focus is not the components but the connection and interactions between them and their behavior over time.