As Diane Coutu explained in How Resilience Works, resilience is a "reflex, a way of facing and understanding the world, that is deeply etched into a person’s mind and soul. Resilient people and companies face reality with staunchness, make meaning of hardship instead of crying out in despair, and improvise solutions from thin air. Others do not. This is the nature of resilience, and we will never completely understand it."
As the world is faced with the disruptive forces of a dual health and financial crisis, organizations would do well to implement resilient practices to withstand these unprecedented challenges.
As a follow-up to our Global Ivey Day livestream on organizational resilience, The Ivey Academy's David Loree examines the increasing need for resilience in organizations in this month's Ivey Business Journal. Loree explains the three underpinnings of individual resilience and how they can be replicated in organizations:
About The Ivey Academy at Ivey Business School
The Ivey Academy at Ivey Business School is the home for executive Learning and Development (L&D) in Canada. It is Canada’s only full-service L&D house, blending Financial Times top-ranked university-based executive education with talent assessment, instructional design and strategy, and behaviour change sustainment.
Rooted in Ivey Business School’s real-world leadership approach, The Ivey Academy is a place where professionals come to get better, to break old habits and establish new ones, to practice, to change, to obtain coaching and support, and to join a powerful peer network. Follow The Ivey Academy on LinkedIn, Twitter, Facebook, and Instagram.