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4: Resilience is about absorbing and recovering.

4: Resilience is about absorbing and recovering.

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The .com crisis of 2000, the financial crisis of 2008 and the COVID-19 crisis of 2020 show us the importance for organisations to become resilient or even antifragile to survive (unexpected) external stressors. Research states that the current VUCA world will expose enterprises to more and more stressors. Resilience is the way how a system bounces...

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Citations

... The literature review uses an iterative divergent and convergent process (see Figure 39 Divergent and Convergent ). This process is described in more detail by Edzo Botjes (Botjes, 2020). The process of analyzing and synthesizing the literature is repeated several times until a comprehensive understanding of the different topics is achieved. ...
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... Antifragility is the capacity to remodel an organization's business model in response to a crisis (Botjes, Mulder, & Nouwens, 2020;Taleb, 2013). There are several main factors that can help developing this capacity: the ability to imagine new solutions and creativity (Pettit, Croxton, & Fiksel, 2013), the ability to change in response to the disruptions in the environment (Fiksel, 2015), the ability to transform processes, structure, and behavior to cope with a crisis (Gotham & Campanella, 2010). ...
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