Every year at the holidays, my family plays a game called “Yankee Swap.” In our version, inexpensive, useful gifts are wrapped identically. Each person is given a number, selects and unwraps a gift, or “steals” another player’s opened gift. This year, my gift was a 2017 planner titled “Plans for World Domination 2017.” Talk about Big Hairy Audacious Goals – this was probably not what Jim Collins had in mind…
It’s not enough to prepare for the worst. Resilient companies also know how to reinvent themselves. Usually, when business leaders think about corporate resilience, they think about operational resilience (OR)—the ability to respond to emergencies. OR is critically important, but it doesn’t really give them a sustainable competitive advantage. To continue growing, companies also need the second component of corporate resilience: strategic resilience (SR). Whereas OR is situational, SR is…