Kristin Peck, CEO of Zoetis, and Don Allan, president and CFO of Stanley Black & Decker, discuss what it takes to make a company resilient and how resilience creates advantage.
Making tradeoffs between resilience and efficiency is challenging, as traditional optimization approaches are not well-suited for the task. By adopting alternative principles and strategies, leaders can make more effective tradeoffs between resilience and efficiency.
Capital reallocation becomes even more important in times of crisis—such as the COVID-19 pandemic—when new opportunities are likely to emerge. To shed light on just how much and how, we studied the role of capital allocation in the top 500 US companies during and after the last two financial crises.
In a this HBR.org article, we suggest six ways leaders can revisit their business models to build greater systemic resilience.
"The current emergency has given us an opportunity to further accelerate the digitalization of all our projects and the overall architecture of our businesses."
Sometimes the right approach to redesigning an enterprise is a simple, static one. But often it isn’t.
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