Resilience Is Much More Than Risk Management

Resilience Is Much More Than Risk Management

Risk management does not reliably make your business or organization resilient. It aims at reducing the likelihood of and damage from foreseeable and probable risks. Resilience is very different. Resilience assumes that damaging impacts, foreseen and unforeseeable, will occur regardless of our risk minimization efforts. It aims at ensuring that the organization can survive almost anything that comes along, regardless of likelihood, and that it will ultimately succeed and prosper. Very different management objectives.

Now Is the Time to Think Small

Now Is the Time to Think Small

“Big” is an easy target for many unpleasant events. Why? Because “big” tends to be all over the place and any impacts are going to hit “big” in a major way. “Big” also consists of many interdependent parts. “Small” is not everywhere so impacts may not even see it. The lesson: Restructure your big business into many small, largely independent units.