The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore
A "gray rhino" is a highly probable, high impact yet neglected threat: kin to both the elephant in the room and the improbable and unforeseeable black swan. Gray rhinos are not random surprises, but occur after a series of warnings and visible evidence. The bursting of the housing bubble in 2008, the devastating aftermath of Hurricane Katrina and other natural disasters,...more
A Gray Rhino is a recognizable and often avoidable threat which is nonetheless ignored and allowed to become an overwhelming disaster. Michele Wucker carefully and intelligently details the five stages and nine configurations involved in Gray Rhino identification, but for simplicitys sake I would say that Gray Rhinos are all those crises that are obvious and platitudinous. Gum disease, animal extinction, home repair, climate change, housing bubbles, recessions, natural ...more
Taken as a whole, however, this book is really an instructional manual for how leaders at every level can make better decisionsthe kind of decisions that produce positive and sustainable ...more
I was surprised to find my topic, the gender gap, to be categorized as a Meta-Rhino but ...more
A solid work which I enjoyed reading. An update or sequel I understand may be in the offing which would be good. While some things are OBE it remains a worthwhile investment of time and money to consider how the principles likely apply to aspects of your professional and personal life.
I skipped to the 2nd and later chapters hoping to escape the constant references to Taleb's book but they were there as well. Oh well..... Some of the author's other titles seem interesting.
Unfortunately, I am left disappointed. Much of what is in the book is succinctly explained in her sub 20 minute talk, and so I found the book to drag on. Several economic examples were given for a concept that should only need one or two, and the language is frustrating to decipher.
I really appreciate the concept of the book, but found the actual copy difficult to get ...more
Post financial crisis, a lot of new words and phrases have been incorporated in our jargons; too big to fail, fat tail, black swan etc. The Gray Rhino is the latest edition to this already fancy zoo-ish niche.
So what is a gray rhino? Michele Wucker begins her narrative with the analogy of a man trying to click a picture of a baby rhino in the wilds of Africa. In an epic case of negligence fuelled by ...more
- Threats, such as pandemics, bridges in need of repair, Global Warming or heart failure because of over-eating, are likely and obvious threats ("Gray Rhinos")
- Avoid group think (variety of people/sexes/personalities are better at generating different ideas, or ...more
Michele provides a handy taxonomy for categorizing these risks, complemented by a ...more
Very often, we ignore or procrastinate about a big, clear, looming danger that is quite evident - such as climate change, bad roads, poor quality car, too much debt in a company, competitive disadvantages, moody dictators - - and yet, people believe that things will stay fine; Or
That we will get out of this before the bad actually happens.
My key takeaway is that when bad stuff is evident - move forward but with caution.
And if one ...more