The concept of resilience

WHAT: During the pandemic, it has become clear that the companies and businesses that have managed to switch quickly to new ways of working, and sometimes also completely new products and services, have coped better through the crisis. In the wake of crisis preparedness, the concept of resilience has been discussed more and more in boards and management groups, both in terms of individuals, organizations and societies, where its significance can be seen as a measure of resilience and resilience in a changing world – the very capacity to handle change. McKinsey has summarized five aspects of resilience that organizations need to prioritize going forward: changes in demand and adjustment based on this, new ways of increasing productivity and prosperity, maximizing the value of office space, re-evaluating investment allocations and how organizations can play a broader and greater role in the world around them. This comes as part of the changing paradigm around capitalism in the global economy, where it is beginning to become more widely accepted that linear development and indexed growth are not always rooted in a disruptive reality.

SO WHAT: In an emerging capitalist paradigm, a measure of success instead becomes the ability to quickly change, think new and make money from new conditions. This is connected with the signal above about learning in the workplace, and shows on an aggregate level how continuous learning and development needs to take place at all levels in society.

https://www.mckinsey.com/featured-insights/business-resilience
https://hbr.org/2020/07/a-guide-to-building-a-more-resilient-business