Humankind has always been known for its innovation and ability to advance in technology and science. Most of human development and technology is the product of the last 200 years of history. In fact, we are developing technology and innovation at an exponentially increasing rate.
Yet for all the progress we have made, the world currently seems to find itself in a state of perpetual crisis. 2020 was a terrible year for many, but the warning signs were there long before it began. Hard talks about climate change were becoming unavoidable, international political tensions were rising, radicalism had flared up, the spread of misinformation was growing, and big tech had already been exposed for unethical data handling. It seems that we are, in fact, living in an era of crisis.
Nothing of this should come across as alarmist, however. If anything, we have always been living in an era of crisis – we just have the digital tools today to see the extent of it. All this is to say that the only real certainty we find in the world is that of uncertainty – and this is especially true of the world of business.
Because there is nothing certain about the shape of the world tomorrow, whether it is two months or 15 years from now, businesses must find a way to adapt and prepare for an uncertain world in a way that works independently of their tangible resources and the flux of world affairs, which are completely outside of their control.
One of the great markers for businesses who traversed 2020 with skill and success is resilience. Now, even though resilience may seem like a passive trait for a business leader, it is anything but. The easiest response to crisis for any business is that of reaction, but reaction is a narrow-focused problem-magnifying response. It doesn’t solve the problem, because in a time of crisis, the problem is the only thing that is constant. Instead, a resilient response tackles the problem head on by acknowledging that new boundaries must be created and working to the advantage of itself, despite the surrounding crisis.
Here are some attitude changes that business leaders can make in order to take a more resilient approach to inconsistency and uncertainty:
Resilience is key to a world facing perpetual crisis. It takes the ongoing problem on, not as a problem to be solved in order to return to a previous state, but as an obstacle to overcome and eventually avoid altogether by setting a new course.
This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)