Building Antifragile Businesses in the Republic of Moldova: Leveraging Disorder for Growth

Abstract

This paper explores the concept of antifragility, as proposed by Nassim Nicholas Taleb, in the context of business management within the Republic of Moldova. The study delves into the potential benefits of businesses adopting an antifragile approach in an environment characterized by substantial economic and political volatility. It employs a qualitative research method to examine Moldova's economic, political, and social climate, highlighting the potential for businesses to thrive amidst disorder. The paper investigates the principles of antifragility and their application to businesses, contrasting them with the traditional notions of robustness and resilience. It further identifies specific strategies that could enable businesses in Moldova to adopt an antifragile approach, such as diversification, innovation, agility, and network-building. The study also presents real-world examples of Moldovan businesses that have successfully leveraged disorder for growth. It compares them with businesses that have failed to cope with volatility, emphasizing the differences in their strategic approaches. Moreover, it discusses potential challenges and limitations associated with implementing antifragile strategies in the Moldovan context, exploring how businesses might need to balance antifragility with other business objectives. The paper concludes by outlining areas for future research on antifragility in businesses, particularly within Moldova. The findings of this study emphasize the potential benefits of developing antifragile businesses in Moldova and contribute to the growing body of literature on antifragility in business management. DOI: https://doi.org/10.53486/cike2023.03; UDC: 005.342:005.21(478); JEL: D21, D81, L21, M10, O12, P31.