Resilience

Khalil Dindarian

Chapter 3 in Embracing the Black Swan, 2023, pp 27-44 from Springer

Abstract: Abstract The purpose here is to better understand the characteristics of Enterprise Resilience and how it is concerned with emergence—a characteristic of Complexity (discussed in Chap. 4)—and the relationship between Resilience and Complexity is explored. Discussion includes the identification of the characteristics of a resilient organization and the application of the concept of a Complex Adaptive System for a holistic assessment of complex issues in order to address them. The assessment of Organizational Resilience and Risk Management can and should be aligned, to close the dangerous gap in the Resilience profile of an enterprise. Ultimately, Resilience can be considered an emergent property that concerns a system’s ability to deal with high levels of uncertainty and to adapt to Black Swan threats, and an emergent, adaptive process. An Enterprise Risk Framework is offered, which is suitable for establishing Organizational Resilience as a strategic objective that can be defined by competitive advantage, business continuity, stakeholders, and value for shareholders.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-29344-3_3

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DOI: 10.1007/978-3-031-29344-3_3

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