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Resilience in a Recovering Economy

10 tips for building a more resilient culture

Akhilesh Gulati
Thu, 10/15/2009 - 13:48
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Isn't it the economy that's on everyone's minds? When will the economy pick up? Will we be able to survive until then or will we too become another company that used to exist? How do we ensure a stronger position when the economy turns around?

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Alas, if only we had a crystal ball. Nobody does, but many of us have common business sense and the fortitude to act on it. It's called resilience.

Let's explore how an organization can build a resilient culture:

1. Understand environment
2. Evaluate weak spots
3. Examine the organization's value system
4. Look at how your business is spending its time
5. Change your business attitude
6. Protect and enhance your business
7. Take control
8. Build relationships with those around you
9. Live above the line
10. Review your performance

 

I discuss these below, one by one.

Classic business sense says that we need to listen and understand the environment we operate in. It not only allows us to plan to respond to emerging customer needs, but to also create coping strategies.

 …

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