Recently, it feels like every time one crisis recedes, another one emerges on the horizon. A global pandemic triggers widespread supply-chain disruptions and inflation, swiftly followed by a war that causes a spike in energy prices. Added to these macro-level issues, individual companies need to adapt faster than ever to new and emerging technologies in their industry and disruption from competitors in a global market. In an environment of so much change and uncertainty, resilience has become not just an existential necessity, but a critically important competitive advantage for businesses. 

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Resilience is a mindset. It entails perseverance, but it is also about adaptability and creative problem-solving. Resilient individuals tend to be more open-minded, approachable and contentious, and less prone to getting trapped in negative thought loops. They remain committed to their work, even in a time of crisis, and have a greater sense of satisfaction and wellbeing. 

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Resilient businesses have formal processes to make daily operations as efficient as possible, but they also have more flexible decision-making principles to respond to unusual circumstances. They trust and empower individuals to exercise judgment in times of crisis. They don’t just weather economic storms, they bounce back in a stronger competitive position than before. 

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What’s this offering about?

Through our collaboration you will:

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• gain an understanding of the key factors necessary to build organizational resilience in your industry.
• understand the characteristics of a resilient mindset and how to foster them in yourself and your team.
• build a practical strategy, encompassing elements like employee engagement and support, recruitment practices, and employer branding initiatives to cultivate resilience across your organization. 

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Why resilience matters

Resilience is good for individuals. Studies show that people who are resilient tend to be more productive, satisfied with their lives, and have higher subjective well-being. Resilience is also a critical success factor for businesses. Research by McKinsey has shown that companies classified as more resilient have generated higher shareholder value on average for the past two decades. By adapting and recovering from shocks faster than the competition, they can convert an initial advantage into continuously superior performance over time.

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Fundamentally, organizations are a reflection of the people within them. As a result, individual and organizational resilience are strongly linked. While leaders can take some practical steps like building up capital reserves and taking out insurance policies, ultimately it is the grit, determination, perseverance, optimism and creativity of all employees at times of uncertainty that matters most.   

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