As we turn the calendar to 2023 – and ramifications from COVID and other global events continue to spur significant economic volatility – organizational resiliency has become an increasingly important focus for growth companies seeking to navigate an unpredictable, complex operating environment. Organizational resiliency refers to a team’s ability to successfully anticipate and adapt to incremental change and sudden disruptions. In our experience, building a resilient, high-functioning team can help a company gain an invaluable competitive edge and increase the odds of long-term relevance and continued growth — especially during economic downturns.
But what makes an organization resilient, and how can leaders help foster resiliency within an organization? We spoke with People Leaders across the Summit Partners network to gather perspectives on these questions. Four common strategies emerged: