Build Business Resilience to Crises

Research shows that companies with organizational resilience are better equipped to get through the crisis and even expand in the future. Resilience is “the ability to cope with unforeseen dangers, to learn from them and to rebound after managing them.”

Organizations can have both passive and active resilience. Passive resilience deals with temporary change in the face of a crisis. Active resilience is creating new resources and skills to lead to organization transformation.

Three elements help build active resilience:

• Managerial creativity and entrepreneurial spirit
• Leadership
• Flexible structure