News

In today’s business world, transient high performance is commonplace; it is sustained performance by resilient companies that stands apart.

Resilience can be defined as a company’s capacity to absorb stress, recover critical functionality, and thrive in altered circumstances. When confronted with unanticipated stress, a company that employs resilience principles has multiple advantages that play out sequentially:

• Anticipation benefit: the ability to recognize threats faster.
• Impact benefit: the ability to better resist or withstand the initial shock.
• Recovery speed benefit: the ability to rebound from the shock more quickly.
• Outcomes benefit: increased fitness for the new post-shock environment.

Crises are opportunities for change. With the current pandemic disruption, companies have a unique chance and necessity to revisit their business models to build greater systemic resilience.