Perpetual Transformation: Practical tools, Inspiration and Best Practice to Constantly Transform Your World

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Transform for resilience: An imperative for good times too

MARTIN REEVES, LARS FÆSTE AND TOM DEEGAN

During the Covid-19 crisis, resilience rose to the top of the strategic agenda with many leaders also indicating a desire to extract lessons to increase preparedness for future crises. Although less emphasized in stable periods, our research indicates that resilience creates significant value and does so well beyond times of crisis. Nearly two-thirds of long-run outperformers do better than peers in response to shocks.

Crises often precipitate or accentuate the need to transform because of the immediate pressure on performance. Crisis-driven transformations often aim to ameliorate performance pressure by increasing cost and asset efficiency. ...