Strategy » Resilience & Navigating Uncertainty
How can companies build resilience to increase their capacity to absorb stress, recover critical functionality, and thrive in altered circumstances?
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.
The coronavirus crisis has brought renewed attention to the value of resilience. Our research shows that resilience has an outsized impact on long-run performance, and companies can take concrete steps to realize it.
In a this HBR.org article, we suggest six ways leaders can revisit their business models to build greater systemic resilience.
Jim Loree, President & CEO of Stanley Black & Decker, Inc. discusses the application of technology and the “art of the possible” in crisis management from his experience in leading through the COVID-19 pandemic.
"The current emergency has given us an opportunity to further accelerate the digitalization of all our projects and the overall architecture of our businesses."
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