10 Practical Ways to Build Company Resilience

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One huge misstep that companies make is waiting for things to get back to 'normal.'

Resilience is a key characteristic of every successful and sustainable business. The ability to stand tall through economic downfalls and other obstacles that might impact your business is crucial.shared practical ways companies can build their resilience. Here are their recommended methods and why following them is critical in today's world.

Take what you've learned from today's crises and translate those lessons into strategies for how you'll respond to the next crisis. Doing so requires an understanding of your organization's economics and a long-term vision. First, know clearly what drives profit, your competitors and your sector so you know what's at stake. Then, assess your exposure to determine and address future vulnerabilities.

 

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