oter
Audio available in app

Localize decisionmaking for faster responses from "summary" of Antifragile by Nassim Nicholas Taleb

The idea here is that when you allow decision making to be decentralized, closer to the ground, you end up with faster responses. Imagine a large organization where every decision has to be approved by multiple layers of management. The process is slow and bureaucratic. By the time a decision is made, it may no longer be relevant. But if decisions are made at a local level, by people who are closest to the situation, they can act quickly and adapt to changing circumstances. When you centralize decision making, you create bottlenecks. Information has to flow up the chain of command and back down again, which takes time. And by the time a decision is made, it may be based on outdated information. But when decision making is decentralized, information can flow quickly and decisions can be made in real time. This allows for a faster response to changing conditions. The key is to trust the people on the ground to make the right decisions. This requires a shift in mindset, from one...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Building strategic partnerships can lead to mutually beneficial outcomes
    Building strategic partnerships can lead to mutually beneficial outcomes
    Effective strategy innovation involves recognizing the power of building strategic partnerships in achieving mutually beneficia...
    Seeking balance in power dynamics is important
    Seeking balance in power dynamics is important
    Maintaining equilibrium in power dynamics is crucial in any setting where relationships are formed and decisions are made. When...
    Embrace the journey and enjoy the process of building something meaningful
    Embrace the journey and enjoy the process of building something meaningful
    The journey of building something meaningful is not just about reaching the destination, but also about enjoying the process al...
    Progress is not predestined
    Progress is not predestined
    Progress is not predestined. It does not follow a predetermined path laid out for it by some higher power or invisible hand. Th...
    Empowering employees leads to increased productivity
    Empowering employees leads to increased productivity
    In organizations where employees are empowered, they are given the authority to make decisions and take ownership of their work...
    Hierarchical structures inhibit adaptability
    Hierarchical structures inhibit adaptability
    In traditional hierarchical structures, decision-making is concentrated at the top, with information flowing up and down the ch...
    Shift from command to collaborate
    Shift from command to collaborate
    The traditional military model of command and control worked well in the past when the battlefield was predictable and linear. ...
    Leaders in Teal organizations serve as catalysts for change
    Leaders in Teal organizations serve as catalysts for change
    In Teal organizations, leaders play a unique role as catalysts for change. They do not lead through traditional top-down direct...
    Practice productive paranoia to stay ahead of the competition
    Practice productive paranoia to stay ahead of the competition
    One key concept that we emphasize is the importance of maintaining a state of productive paranoia in order to stay ahead of the...
    oter

    Antifragile

    Nassim Nicholas Taleb

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.