Let’s have a closer look at the definition raised in my
previous post ‘Resilience – what is it really?’
If I break down my definition of resilience it allows us to
further explore the component parts
Let’s look at the definition again:
the capability,
capacity and will to succeed by anticipating risk and reorientating for
survival and advantage in the face of adversity, both seen and unseen, known
and unknown
The capability: The
skilled people, tools, knowledge and risk intelligence required to achieve
resilience and ensure success.
The capacity: The adequate
resources and the agility and flexibility to adapt and manoeuvre those
resources in pursuit of upside risk while minimising any downside risk.
The will: The effective
leadership, adaptive culture and unity of purpose required in situations
characterised by rapid change and/or sustained turbulence.
Survival and
advantage: In a competitive environment survival is often not adequate. The
risk appetite and subsequent activities of the organisation must also allow for advantage.
Adversity – seen and
unseen, known and unknown: risks (both upside and downside) are present in the
business as usual environment. However, complexity, confusion and the scale and
number of variables in the operating environment (at all levels) are magnified
during and after turbulence and sudden shocks (thus the need for resilience).
The definition and explanation reflects my own views but is informed by the documents developed and published through the Trusted Information Sharing Network -
http://www.tisn.gov.au/Pages/Resilience.aspx