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School Leadership, Leadership, in General, Tools and Resources, Advice and humor
Tools, tips, resources, advice, and humor to support today's school leader and leaders, in general
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Even In An Age of Uncertainty, Managers Still Must Decide

In an age of disruption, the only viable strategy is to adapt.
Sharrock's insight:

Greg Satell: "Since 1960, the average lifespan on the S&P 500 has fallen from 60 years to less than 20 and fully 87% of the companies on the Fortune 500 in 1955 no longer exist."

 

This statement and material that explore similar statements belong in history lessons and business courses at the secondary school and college levels (and they probably are). Such statistics drive home the lessons of  VUCA (volatility, uncertainty, complexity and ambiguity). 


Dismissal of VUCA is at the heart of some kinds of politics and political stances, but is also at the heart of the war against science and education. It is far from understood, in terms of education and the goals of education. VUCA is why educators need to promote resilience, the ability to adapt and to develop strategies, and should include approaches to design thinking, (open) systems thinking, critical thinking, and STEM fields where experimentation, modeling, and simulations can be used to solve problems. Problem solving should include the arts which promotes knowledge and insight from imagination and memory. 

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Nassim Nicholas Taleb - Wikipedia, the free encyclopedia

Nassim Nicholas Taleb (Arabic: نسيم نيقولا نجيب طالب‎, alternatively Nessim or Nissim, born 1960) is a Lebanese American essayist, scholar and statistician, whose work focuses on problems of randomness, probability and uncertainty.[3] His 2007 book The Black Swan was described in a review by the Sunday Times as one of the twelve most influential books since World War II.[4]

He is a bestselling author,[5][6][7] and has been a professor at several universities, currently at Polytechnic Institute of New York University and Oxford University.[8][9] He has also been a practitioner of mathematical finance,[10] a hedge fund manager,[11][12][13] a derivatives trader,[14][15][16] and is currently a scientific adviser at Universa Investments and the International Monetary Fund.[17][18]

He criticized the risk management methods used by the finance industry and warned about financial crises, subsequently making a fortune out of the late-2000s financial crisis.[19][20] He advocates what he calls a "black swan robust" society, meaning a society that can withstand difficult-to-predict events.[11] He proposes "antifragility" in systems, that is, an ability to benefit and grow from random events, errors, and volatility[21][22] as well as "convex tinkering" as a method of scientific discovery, by which he means option-like experimentation outperforms directed research.[23]

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