A Lane4 White Paper based on my work. All organisations, regardless of size, length of existence or reputation can find themselves vulnerable to stalls in growth, decreasing share prices or even complete failure. In recent times think of Lehman Brothers, Woolworths, Arthur Andersen and Enron to name but a few.
To understand this further we have worked with Professor David Denyer of Cranfield University, a leading expert in the study of Organisational Resilience. We have partnered with Professor Denyer to understand how his findings in high hazard environments (e.g. Nuclear Power, NHS), where ‘failure’ can lead to the loss of lives, can be transferred to less hazardous but no less volatile business contexts.
Despite the differences between these environments, the underlying psychology is the same. In order to build a resilient organisation, leaders need to develop eight habits. Read more