#155: Michele Wucker: What’s Your Gray Rhino?

chaina sulemane

41 min

Kids

Description

OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy podcast speaks with Michele Wucker, Founder and CEO of Gray Rhino & Company. Michele is the author of the book, ‘The Gray Rhino: How To Recognize And Act On The Obvious Dangers We Ignore.’ She coined the term to mean the big, scary thing coming right at you. She also established five reaction stages to the Gray Rhino. EPISODE HIGHLIGHTS: <ul> <li>Michele talks about her transition into writing and her amazing experiences, which included writing about a coup in Haiti.</li> <li>The Gray Rhino is a metaphor for something big, obvious and scary headed right for you, forcing you to take action. It’s big, obvious and it will do damage, however, you have options on how to manage it. </li> <li>This is a very different concept from the ‘Black Swan,’ which is when you’re knocked over by something you can’t even imagine or consider. </li> <li>And the ‘Elephant in the Room’ is when you see something, yet no one in the room says anything about it. </li> <li>Currently, there’s a triad of Gray Rhinos in the US economy which includes financial fragilities, inequality and climate change.</li> <li>There are steps you can take to avoid the Gray Rhino. Start by recognizing your vulnerability. Then foster proper awareness in order to take the appropriate response.</li> <li>Michele shares a five-stage framework to help companies recognize how they’re reacting to these threats. They include: denial, muddling, diagnosing, panic and action. </li> <li><span style="font-

Uploader