The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems and challenges that face a business every day. The secret to solving the challenges of complexity is adaptation. Luca Dellanna, a business expert on the subject, joins Economics For Business to explain how any firm and all management teams can harness the power of adaptation.
Show notes: https://mises.org/library/luca-dellanna-power-adaptation-managing-complexity-every-day
"Managing Adaptive Systems" (PDF): https://Mises.org/E4B_157_PDF
The Power of Adaptation: A Guide to Bottom-up Growth that Lasts by Luca Dellanna: https://Mises.org/E4B_157_Book
Teams Are Adaptive Systems: 12 Principles For Effective Management by Luca Dellanna: https://Mises.org/E4B_157_Book2
Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb: https://Mises.org/E4B_157_Book3