So an investor is looking to purchase, either outright or shares in, one of two businesses. Both businesses have a history of profitability. One business has been developed so it is resilient to the variations our world has to offer. The other has not paid attention to the issue of resilience. For which do you think the investor is prepared to pay the most? Resilience is not a matter of chance. In my deliberations on this issue I have identified eight elements to be managed to develop a resilient organisation. These are: customers, strategy, culture, systems, leadership, people, suppliers and markets, economy politics and ownership.
For those of us who are Human Resources Management professionals, the elements of culture, leadership and people, usually catches our eye. If you would like to look at any of these issues in more depth, please feel free to contact us.