FINAL WORD
Why businesses should focus on building resilience instead of achieving stability in 2024
Noel Allnutt , CEO of cyber security specialist Sekuro , outlines the danger in striving for stability instead of resilience where resilience is not about having every option at your disposal to fight off threats – but choosing the right ones and using them correctly .
In the current economic climate , businesses around the world are scrambling to maintain stability – a stable workforce , stable revenue , stable costs , the list goes on .
However , is stability what they should be striving for ?
There is a danger in striving for stability instead of resilience . When businesses are focused on stability , it will only work as long as external factors stay constant . Stability is about maintaining or reducing variation , it ’ s about creating predictability .
But when change is inevitable and we ’ re operating in an environment that ’ s not static , that ’ s when we need resilience .
According to ecologist C . S . Holling : “ A system can be very resilient and still fluctuate greatly , i . e . have low stability .”
What this means is that if an organisation has resilience , it can withstand instability .
And yet , when it comes to our workforce , the 2023 National Resilience Index , created by Driven , found 91.4 % of Australian participants are below the protected level of resilience , which once reached , is said to provide a 5-fold increased protection against mental illness like depression and anxiety .
82 INTELLIGENTCIO APAC www . intelligentcio . com