The Resilient Enterprise: Thriving amid Uncertainty
- 1h 51m
- François Candelon, Martin Reeves
- De Gruyter Inc
- 2021
The Covid-19 crisis caused massive disruptions to businesses around the world. Many were caught unprepared by the pandemic, putting some in danger of collapse. But not all were equally affected—some emerged from the crisis in a position of advantage. Research on corporate performance over decades shows that the dispersion between companies consistently increases in times of crisis. In other words, resilience to unexpected shocks has a disproportionate impact on long-term competitive advantage.
Furthermore, ongoing trends are making it harder for businesses to sustain success over time. New offerings are being adopted, matched, and made obsolete faster, and competitive advantage is becoming less durable. In order to survive in the long run, businesses must reinvent themselves regularly—doing the same thing over and over will eventually lead to failure.
Many business leaders are now expressing an intention to make their companies more resilient, but there is not yet a well-codified playbook for doing so. This book, drawing on research from the BCG Henderson Institute over many years, provides a set of perspectives on how to thrive under adverse conditions and how to reinvent businesses for the changing context. Overcoming both of these challenges is necessary for leaders to build long-lasting companies.
About the Author
Martin Reeves is chairman of the BCG Henderson Institute, BCG’s think tank dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. Martin is also a member of the BCG Henderson Institute's Innovation Sounding Board, which is dedicated to supporting, inspiring, and guiding upstream innovation at BCG. Martin is a regular contributor to HBR, MIT SMR, Fortune and other management journals on business strategy and management.
François Candelon is the Managing Director & Senior Partner at The Boston Consulting Group and Global Director of the BCG Henderson Institute.
In this Book
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Resilience vs. Efficiency—Calibrating the Trade-Off
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When Resilience is More Important than Efficiency
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Advantage in Adversity
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Die Another Day—What Leaders Can Do About the Shrinking Life Expectancy of Corporations
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Tomorrow Never Dies—The Art of Staying on Top
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How Vital Companies Think, Act, and Thrive
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The 2% Company
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Ambidexterity—The Art of Thriving in Complex Environments
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Business Model Innovation
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Lessons from Mavericks—Staying Big by Acting Small
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Leaping Before the Platform Burns—The Increasing Necessity of Preemptive Innovation
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Postmerger Integration Rejuvenation
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Walking the Tightrope—Successfully Integrating while Transforming
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