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Building Organizational Resilience
What is Organizational Resilience? How to Assess Your Business’ Ability to Adapt: https://walshcollege.edu/career-services/professional-development/what-is-organizational-resilience/Links to an external site.
Five easy ways to make your business more resilient: https://www.theceomagazine.com/opinion/business-resilience/Links to an external site.
1. Describe self-efficacy in your own words.
2. What are the two factors that affect an organization’s resilience? Explain them.
3. How is organizational resiliency measured? List the 12 factors.
4. What are two ways you can build organizational resilience?
5. What are five ways you can increase business resilience?
6. Explain how your Super-Hero used resiliency in their entrepreneurial journey.
7. Respond to another student’s post.
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Building Organizational Resilience
- Self-Efficacy
Self-efficacy is the belief in one’s own ability to achieve goals or overcome challenges. It involves having confidence in your capacity to succeed and meet objectives, even in difficult or uncertain situations. High self-efficacy leads individuals to take on challenges, persist through setbacks, and view failures as learning opportunities rather than personal limitations. - Factors Affecting Organizational Resilience
- Adaptability: The ability of an organization to adjust its strategies, processes, or operations in response to changing external factors, such as market shifts, technological advancements, or regulatory changes. Adaptability helps the organization respond quickly and flexibly to disruptions.
- Preparedness: Ensuring that systems, processes, and resources are in place to respond effectively to crises. This includes risk management, contingency planning, and having a trained team ready to address unexpected challenges.
- Measuring Organizational Resiliency – The 12 Factors
The 12 factors used to measure organizational resilience typically include:
Building Organizational Resilience
- Self-Efficacy
Self-efficacy is the belief in one’s own ability to achieve goals or overcome challenges. It involves having confidence in your capacity to succeed and meet objectives, even in difficult or uncertain situations. High self-efficacy leads individuals to take on challenges, persist through setbacks, and view failures as learning opportunities rather than personal limitations. - Factors Affecting Organizational Resilience
- Adaptability: The ability of an organization to adjust its strategies, processes, or operations in response to changing external factors, such as market shifts, technological advancements, or regulatory changes. Adaptability helps the organization respond quickly and flexibly to disruptions.
- Preparedness: Ensuring that systems, processes, and resources are in place to respond effectively to crises. This includes risk management, contingency planning, and having a trained team ready to address unexpected challenges.
- Measuring Organizational Resiliency – The 12 Factors
The 12 factors used to measure organizational resilience typically include: