Something that is resilient isn’t the actual opposite of fragile — it isn’t made better when shaken — it’s just able to withstand being shaken.
Category: Strategy
There’s an old saying that a person doesn’t really want a drill, they want a hole. I actually think there's yet another level of thinking – why do they want the hole? Perhaps it's to hang a painting.
A few weeks ago, Walgreens, the giant drug store chain, announced that it was planning to close the 157 in-store health clinics that it owns. It will continue to keep those clinics run by third parties.
In the book Antifragile, author Nassim Taleb points out that there’s no word that describes the opposite of fragile.
Walmart is famous for its slogan "Save Money. Live Better.”
Call them mental models, call them viewpoints, the point is the same: the box in which we conceive of what’s possible serves as an artificial barrier that confines our thinking.
An article in the Wall Street Journal (Saturday/Sunday edition, September 28 – 29, 2019) revealed that the corporate debt of large physician services companies, TeamHealth and Envision Healthcare, was now trading below the distress ratio.
We’re living in a time of fast-paced change. Sure. But, I think people have been saying that since the Enlightenment. Maybe it’s the one thing that’s remained constant. But maybe it’s not. Some things have certainly remained the same.
Have you considered the impact of contingency fee thinking on your business?
Take a seat as Mark discusses the concept of antifagility as applied to your medical group and then shares a tool to achieve it.
