siliconindia | | MARCH 202319back to the very society that nurtures the human endeavors, has been drawing greater attention. So, the `E' of ESG that collectively represents responsible living needs to be embraced as the next defining characteristic of the resilient enterprises of the future.Adaptability: The very essence of evolution and survival is apparent in the profound mechanism of conditioning and re-conditioning. The resilient systems and enterprises develop an auto-healing and auto-correcting interplay with the environment in which they survive during adverse times and thrive when conditions turn favorable. An exceptional example of this can been witnessed in fire ants making a living raft to survive flooding. History and nature are full of such examples, but the scope of this article is limited to modern day enterprises. Today's futuristic enterprises need to invest in capabilities that can make them adaptable, and enable them to pivot with times, to stay relevant. Such resilience building measures include investments in - service and product innovation, partner ecosystems, upskilling and reskilling, winning customer loyalty, and new age technologies. `A' for `Adaptability' is the third and vital element, as fundamental as DNA in the age of resilient economies. In conclusion, resilience complements innovation as the secret sauce that enables enterprises to take headwinds, head-on,to keep the journey of transformation going. Modern day enterprises can discover opportunities for growth by investing in the SEA (Security, ESG, and Adaptability) raft for sailing through the resilient economy! Today's futuristic enterprises need to invest in capabilities that can make them adaptable, and enable them to pivot with times, to stay relevant
<
Page 9 |
Page 11 >