Page 18 - Risk Management Bulletin Jan- Mar 2022

RMAI BULLETIN JANUARY - MARCH 2022

BEND BUT DON'T

BREAK:

OPERATIONAL

RESILIENCE

he word resilience was coined by Emmy Consistency Progressive
T Werner in the 1970s. She studied a cohort
of children from Hawaii. The cohort
typically comprised of families that were
quite poor, among the children who grew up in these
detrimental situations only one third didn't exhibit
Performance Adaptive
destructive behavior in later stages and hence Werner
deemed this group to be "resilient". optimization, inovation,
improving and imagining
Being resilient means "the capacity to recover from
exploring and creating
difficulties" but unlike the movies we can't wait for
miracles to happen. In the real world we anticipate,
prevent, recover and/or adapt. These 4 pillars make up
the institution that is "operational resilience".
Preventive Mindful
If we break down operational resilience, we can find
two core drivers and two core approaches that control, action,
organization usually adopt: montioring noticing and
and applying responding
About the author

Usha Yadav
AGM & Faculty
Defensive Flexibility
SBICRM, Gurugram

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