Building resilience into business strategy, management and reporting: Principles and maturity tool to facilitate resilience in business, 2016

Abstract

This is a conference presentation on Building resilience into business strategy. Resilience within business is very appealing in that, it enables organisations to put sustainability into context: business is not a self-contained system but rather a contributing member of a greater social ecological system upon which their existence is dependent and upon which their activities impact – resilience enables the two-way relationship to be explored. It enables organisations to put risk into context such that they are able to adapt and anticipate risk: all risks are systematic in nature resulting from interconnected vulnerabilities that lie between relationships and feedback of social and ecological variables of the system. It enables organisations to achieve genuine value creation: combining risk management and decision making for sustainable development within the context of the limits and thresholds of a social ecological system allows creation of value both internally and externally