Building Resilience vs. Risk Avoidance
In a recent article written by Rita McGrath, and posted on the Harvard Business Review blog, we are focused on the thought that building resilience into an organization may serve the organization better than solely driving risk avoidance into the organization’s methodology.
In her posting entitled, “The Benefits of Thinking the Unthinkable”, Ms. McGrath refers to results and studies conducted by both US-educated Fulbright scholar Zeeshan-ul-hassan Umani, and, Aaron Wildavsky, a well-known social scientist.
Which approach does your organization take? Build resilience into your organization’s methodology? Or, is your organization mainly focused on risk avoidance?
Please share your thoughts and comments…and if applicable, please pass this information along to those organziational risk management, business continuity, or crisis management team members in your organization.
CLICK HERE to read the full article.