David Denyer
Cranfield University
Overview: Why are some organizations more successful in coping with, and responding to, the complexity, volatility and uncertainty of the current business environment?
Why do some organizations facing adversity focus on the negative, whilst others successfully seize the opportunity to adapt and change? As a leader, what more could you do to ensure Organizational Resilience for your business?
This report provides insight into how organizations can “anticipate, prepare for, respond and adapt to incremental change and sudden disruptions in order to survive and prosper” (BS 65000, BSI, 2014). Understanding the dynamics of resilience has assumed greater urgency in the face of challenges such as natural disasters, terrorism, economic recession, mass migration, cyber threats, long-term healthcare issues such as obesity, and a host of other socio-political and economic trends.
New technologies, such as integrated systems with artificial intelligence, the ‘Internet of Things’, and the ‘circular economy’ also present both new opportunities and potential threats. In addition, many industries have become globalized, with the progressive international dispersion of their products and services, and the disaggregation of their supply chains, making it increasingly difficult to ensure that quality, safety, and labour standards are maintained. In response to these challenges, business leaders are increasingly aware that Organizational Resilience will help them grow their businesses and protect their continuing performance.
