10 Benefits of Building Resilience

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1. Improved Organisational Culture

Resilience starts within the organisation. Through awareness comes better staff engagement, improved visioning, higher motivation and morale as well as, greater focus and direction for developing culture. It is only by understanding and recognising the challenges ahead that we can move to a place of action and engagement. A resilient mindset is not only important for understanding the challenges ahead, it helps build better communication across teams and employees.  

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2. Robust and Resilient Financial Structures

By establishing a baseline from which to envision the future, it is possible to re position assets and financial instruments before any significant headwinds take effect.  Strategic capital allocation is crucial in being able to manage potential risk and vulnerabilities. By managing resources and capital accordingly, organisations can reposition key resources and financial instruments to weather and thrive in the face of adversity. Through collaborative design, innovation and implementation, synergies in service delivery and infrastructure can be managed appropriately, helping ensure return on investment is maintained or maximised.  

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3. Increased Diversity

Diversity breeds resilience and empowers people to make positive change. Diversity offers opportunity for greater innovation and adaptive capacity while reducing risks and strengthening community ties.  A resilient community brings varied backgrounds and interests together. This mix of cultures, ideas, and perspectives helps solve problems and creates a platform for creating economically, environmentally and culturally diverse interactions and outcomes.

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4. Positioning for Changes and Shocks

It is far easier and less stressful to pre-empt potential disasters than to wait for crisis to occur. Once a crisis occurs it becomes more difficult to coordinate people and resources. It can be overwhelming to make sense of dramatic changes and shifts when access to resources, knowledge and infrastructure are limited. It is better to have strategic preparedness plan than to be caught off guard.

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5. Enhanced Social Capital

The collective power to envision the future together by addressing challenges head on, leads to a greater level of resilience within communities. Only by taking responsibility for our own future can we respond in an empowered and intelligent way. Building networks and social structures helps improve social capital. This social capital is built by developing cooperation, reciprocity and trust amongst members of the community.

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6. Creative Innovation

Shifting the paradigm breeds innovation and diversity.  When we accept the status quo we resign to mediocrity. However, when we are engaged and start questioning the current systems and models we start to explore new opportunities. Through questioning the capacity of current systems and understanding their vulnerabilities we can establish new opportunities and innovations to drive future long-term strategy. Through resilience come learning, exploration and development of new and innovative ways of doing things.

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7. Synergies and Solutions

By examining the relationships and connections between the components that comprise a system, we can establish a broader understanding of what makes a system complete. By identifying dynamics of how variables interact with other components of the system we can develop synergies and solutions that suit organisations and /or regions. Taking a holistic perspective enables us to make socially, environmentally and economically rigorous decisions over the short, medium and long term.

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8. More Efficient Allocation of Resources 

Building resilience helps reduce redundancy.  By anticipating existential threats and potential risks we can identify potential opportunities. This enables us the time and space to redeploy resources and allocate capital, time and effort into appropriate projects and investments. Underutilised resources and assets can be reconfigured to maximise efficiency while inefficient and stranded assets can be either decommissioned or sold to reduce cost pressures. 

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9. Better Environmental Outcomes

Our economy and way of life is a sub-set of the natural world. Our communities are completely reliant on the surrounding environment for their continued survival. It is far better to understand our connection, reliance and dependence upon the natural world than to disregard the warning signals nature gives when stressed. A resilient mindset and community manages ‘externalities’ and accounts for potential impacts which may affect ecosystems. Building resilient communities helps foster and deliver healthy environmental outcomes by working with, and integrating with natural systems. Increased biodiversity, better use of water, regenerative farming practices, and reduced erosion and carbon emissions help build ecosystems which thrive.

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10. Increased Community Engagement and Outcomes

Building resilience helps foster increased community engagement. Converging economic, environmental and social challenges are increasingly evident today. By engaging a cross section of community we can develop valuable links, networks and synergies. These networks will ultimately build a robust framework for handling shocks, disasters and potential challenges. The knowledge base of every community is diverse; hence it is crucial for these relationships to be developed and nurtured. It is only when community members take ownership and responsibility for their future can real change and progress be made.

Article by: Andrew Martin Author and Director of Rethink Consulting

How resilient is your community, organisation or business?

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