Strategic resilience is necessary to overcome challenges and setbacks from "summary" of The Power of Strategy Innovation by Robert E. JOHNSTON,J. Douglas BATE
Strategic resilience is the ability of an organization to adapt and respond effectively to unforeseen challenges and setbacks. This concept is essential in today's rapidly changing business environment, where uncertainty and volatility are the new normal. Organizations that lack resilience may struggle to survive in the face of unexpected disruptions, such as economic downturns, technological advancements, or competitive threats. To overcome these challenges, organizations must develop a strategic mindset that enables them to anticipate and prepare for potential obstacles. This involves being proactive rather than reactive, constantly scanning the external environment for threats and opportunities, and being willing to change course when necessary. By fostering a culture of resilience, organizations can build the flexibility and agility ne...
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