6 Types of Company Resilience
When it comes to companies, resilience is key. Resilience means being able to bounce back from a setback – whether it is a natural disaster or an economic downturn. It also refers to the ability to keep moving forward, no matter what. Whether you are a startup or an established business, having a resilient culture is essential for long-term success. Jonathan Osler explains six types of resilience and how they can help your business succeed.
1. Employee resilience
Employee resilience is a big part of what makes a company successful. It is about having a strong, and supportive culture that encourages employees to do their best work. As such, employee resilience is key to the success of any business. Employee resilience is a part of a company’s culture. A strong culture can help employees feel like they are working in an environment where they are valued and respected. It can help them feel more confident, for better performance.
2. Environmental and social resilience
Environmental and social resilience refers to how a company responds to its impact on the environment and the communities it serves. It is not enough for a company to become more environmentally friendly. It also needs to take steps to ensure that it does not negatively impact its environment or its community.
3. Operational resilience
Operational resilience refers to the ability of your business to quickly recover from a crisis or disaster. It is all about bouncing back, especially when things get tough. The operational resilience of your business can mean the difference between success and failure.
4. Commercial resilience
Commercial resilience refers to the ability of your company to stand on its own two feet when it comes to finances. It is about having a business that is commercially viable and financially secure. This commercial resilience is one of the most important types of resilience which is why you want to focus on this area when building your business.
5. Financial resilience
Financial resilience is the ability of your company to withstand financial turmoil and continue to operate. It is all about being able to operate with a certain degree of financial stability. Also, the financial resilience of your business should be a key part of how you view your business.
6. Future resilience
Future resilience refers to the ability of your business to continue to innovate and adapt to remain competitive. It’s all about being able to change with the ever-changing market. The company resilience model is a good framework for helping you think about your own company’s resilience. It can be used to help you identify and prioritize key aspects of your company’s resilience.
Conclusion
According to Jonathan Osler, the company resilience model is a good framework for helping you think about your own company’s resilience. It can be used to help you identify and prioritize key aspects of your company’s resilience. All these six types of company resilience areas are very important, and they should be considered as a part of your overall business strategy. In addition, they should be listed in the company’s mission statement, vision statement, and values.
