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.