How to build organisational resilience to weather turbulent times
Why companies should break their habits and adapt before it’s too late
What is organisational resilience? There are two definitions to consider. The traditional view describes resilience as the ability to recover after a crisis has struck. The other defines it as the ability to “be aware” ahead of a crisis – to act and adapt before you have to, or before it is too late. The rate of change is increasing exponentially. The Fourth Industrial Revolution is disrupting most industries, and the rules of the game keep changing. Black Swan events occur and are only obvious in retrospect. Prominent companies such as Nokia and Kodak could not adapt to their changing environments. They relied on past best practice, earlier successes and old rules to keep doing what they had always done – in what is labelled the “Icarus paradox” by Danny Miller. Maybe they just tried even harder. Amid the challenges and opportunities that arise in turbulent times, many leaders find it difficult to create urgency for change within their organisations. Leading practitioners and acade...
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