From The BCI:
The ability of an organization to overcome a crisis is fast becoming an important facet, especially in the modern landscape filled with uncertainty. Termed as organizational resilience, the ability and agility to overcome a crisis or disaster are one of the key strategic capabilities organizations everywhere must map out to succeed in the today’s business, social, and political landscapes.
However, most managers fail to accord the necessary resources to ensure their organizations have the capacity to overcome disasters and disruptive shocks. The managers simply fail to acknowledge that their organizations are susceptible to disruptive shocks and catastrophes. Instead, they choose to trust in the fact that their strategic plans and organization mission and vision will carry them through such events.
Read the full post via The BCI.org.