Antifragile – Nassim Nicholas Taleb

One of the reasons Nassim Nicholas Taleb is a hero a Blood Street Associates is because his philosophy is really what open innovation is all about though the coupling isn’t frequently made.   A business can become more anti-fragile by soliciting ideas externally rather than a NIH (Not Invented Here) mentality where the business stakes it’s future and limited resources on a few in house product improvements where failure is expensive.  External failure is free (asymmetric upside) – and solicited ideas can often be licensed for a fraction of what the R&D and assorted failure would cost.  There is much more to his antifragile theories than this – to anyone who wants to stretch their intellect, we heartily recommend reading Antifragile.

 

 

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