About this Presentation
Prof. Nassim Nicholas Taleb, the world renowned scholar and bestselling author of Black Swan and Fooled by Randomness, presents his latest work on uncertainty, randomness, and disorder (as outlined in his new book titled “Antifragile: Things that gain from disorder”. In this short video message specifically delivered by Nassim Taleb as the keynote to the TOCICO 2015 conference, he shares how, after retiring as an option trader to do full time research, he focused on how to find practical ways to define and measure fragility and identify the conditions that make most systems fragile. Systems that are harmed by volatility are fragile; robust systems are not harmed by volatility. But there are systems which he defines as Antifragile - systems that are not just robust, but actually benefit from volatility. Anti-fragile systems are able to limit the downside of volatility while fully capitalizing on the upside of volatility. Systems that are fragile have limited upside but unlimited downside. As such, fragile systems get weaker stronger over time while anti-fragile systems get stronger. With this new concept, Prof Taleb, challenges us to set even higher goals for our organizations (and ourselves) - the goal should not just be to achieve robustness, but to achieve the status of being Antifragile.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Instructor(s)
Jennifer Eckman
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.