Adventure (Quote)

Adventure

“There are moments when suddenly our eyes blink open and we recapture the excitement of living. Life becomes an adventure and we, adventurers.” – Wayne Visser

 

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To survive in a volatile world businesses must build in resilience

To survive in a volatile world businesses must build in resilience

Article by Wayne Visser

Part of the Unlocking Change series for The Guardian.

In a changing world it is not the fittest who will survive; it is the most adaptable.

If you have landed on this page wearing your superhero outfit – and I admit, I may be partly to blame – I’m going to have to ask you to remove your mask, cape and tights now. Don’t get me wrong, when the world needs saving and I’m done paying off my mortgage and carrying out the trash, I’ll be the first one to dial-a-superhero. But in the meantime …

You see, the world has this nasty habit of changing without our permission; in fact, without us having so much as poked it in the eye. And so we – as individuals, organisations or whole nations – often find that we are no longer the agents of change, but rather its victims. Change happens! And we are left somewhere between mildly irritated and battling for our very survival.

According to Business Week, the average life expectancy of a Fortune 500 company is between 40 and 50 years. One-third of the Fortune 500 companies in existence in 1970 had vanished by 1983 – acquired, merged, or broken to pieces. Looking across the full spectrum of companies, large and small, the average life of companies may be as low as 12.5 years.

Can we really afford to talk about long-term sustainability, when short-term survival is so hard to achieve? The sobering fact is that we face a future in which saving the world may have to wait, while we save ourselves first. Chances are, we will even have to give up the smooth and swanky practice of sustainability, while we get down and dirty in the trenches of rough, rude resilience.

The bad news is that our silky green spandex outfits are probably not going to survive the trip. The good news is that resilience can be learned and planned for in advance. In a world of increasingly volatile sustainability challenges, there are five strategies for resilience that can dramatically increase our chances of survival when the waves of disruptive change come crashing in. They are to: defend, diversify, decentralise, dematerialise and define.

A defensive strategy can take on many forms, the most obvious of which is to insure against catastrophe, whatever form that may take. This only works if the crash is not systemic, but it is a good start. Other tactics include having a crack-squad of trouble-shooters trained to respond in times of crisis, and building up reserves for the proverbial rainy day, which may turn out to be a tsunami.

A diversification strategy applies to people, products and markets. For example, if you bet your corporate life on being a fossil fuel company, rather than an energy company, or if you are locked into a local market without any global investments, you are highly vulnerable. Likewise, if you hire an army of clones, your lack of diversity will leave you brittle in the face of change.

A decentralisation strategy is based on the same rationale that inspired the Internet. By decentralising information and building in redundancy on local servers, the internet is far less vulnerable to being taken out in a single hit. In the same way, by decentralising operations, infrastructure and solutions – as with decentralised energy for example – we can be better prepared to cope with disruption.

A dematerialisation strategy means moving to an industrial model that reduces dependency on resources. The only viable way to do this in the long term is to shift to renewable energy and to optimise the circular economy. Hence, anything we can do to decouple economic growth from environmental impacts is a step in the direction of greater resilience.

A defining strategy is about giving people a purpose to believe in. Victor Frankl, survivor of four Nazi concentration camps and psychiatric author of Man’s Search for Meaning, gives compelling evidence that our resilience under extreme circumstances often comes down to having an existential belief about something worth living for. Can sustainability offer us this compelling cause?

By pursing these five resilience strategies, individuals, organisations and even countries will be much better placed to endure the creative destruction to come. However, preparing for change is not the same thing as surviving it. Resilience is not a strategy, but an ability – one which is shaped and tempered in the fire of extreme experience.

At its heart, this ability to be resilient is about adapting when everything around us is changing – like an aspen tree. Aspen forests are able to survive frequent avalanches that literally flatten them. The trees survive and spring back up because they have an interconnected network of underground roots and their trunks and branches are highly pliable.

This brings us back full circle to the message of my first article on unlocking change, namely that the secret to transformational change in the world is connectivity – to which we can now add that dexterity is also absolutely critical. After all, Darwin never claimed that the fittest would survive, only the most adaptable.

 

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Related websites

[button size=”small” color=”blue” style=”tick” new_window=”false” link=”http://www.waynevisser.com/books/the-quest-for-sustainable-business”]Link[/button] The Quest for Sustainable Business (book)

[button size=”small” color=”blue” style=”tick” new_window=”false” link=”http://www.csrinternational.org”]Link[/button] CSR International (website)

Cite this article

Visser, W. (2013) To survive in a volatile world businesses must build in resilience. The Guardian, 28 October 2013.

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2014 Calendar – Recent & Upcoming Events

January 2014

14-15 January: Bordeaux, FRANCE – Corporate Sustainability & Responsibility (MBA course lectures, Kedge Business School)

February 2014

18 February: Cape Town, SOUTH AFRICA – Sustainable Design & Technology: “Eco-innovation” (Cambridge Programme for Sustainability Leadership)

20 February – 1 March: Johannesburg, SOUTH AFRICA – Sustainable Business (MBA course lectures, Gordon Institute of Business Science)

March 2014

6 March: Guadalajara, MEXICO – Sustainability Innovation & Change Management (Department of Entrepreneurship and Innovation, Tecnológico de Monterrey Campus Guadalajara)

7 March: Guadalajara, MEXICO – Strategies for making  your business  Future Fit (Department of Entrepreneurship and Innovation, Tecnológico de Monterrey Campus Guadalajara)

7 March: Guadalajara, MEXICO – The Art and Practice of Sustainability Leadership (Department of Entrepreneurship and Innovation, Tecnológico de Monterrey Campus Guadalajara)

11 March: Ghent, BELGIUM – CSR is Failing: How Can We Make it Succeed? (Keynote speech, Flemish CSR Association)

12 March: Amersvoort, NETHERLANDS – Beyond CSR 2.0: From Responsibility to Resilience (Keynote speech, Beyond CSR)

20 March: Cambridge, UNITED KINGDOM – Sustainability Codes and Standards: Influential or Impotent?  (MSt lecture, University of Cambridge Programme for Sustainability Leadership)

April 2014

23 April: London, UNITED KINGDOM – CSR Survives: But Can it Thrive? (Keynote speech, Net Impact).

May 2014

5 May: Cambridge, UNITED KINGDOM – Visions of a future-fit world: safe, shared, smart, sustainable & satisfying (Lecture, University of Cambridge Institute for Manufacturing)

7 May: Vienna, AUSTRIA – Moving ahead with technology (Presentation, UNEP-UNIDO Eco-Innovation workshop)

13 May: Melbourne, AUSTRALIA – Creating Shared Value: Revolution or Clever Con? (Speech, Deakin Business School Alumni Network)

13 May: Melbourne, AUSTRALIA – The Art and Practice of Sustainability Leadership (Lecture, Deakin Business School Faculty Seminar)

22 May: Seoul, SOUTH KOREA – Strategies for Surviving and Thriving in the Future (Keynote speech, KOSRI)

28 May: Johannesburg, SOUTH AFRICA – Your Future Fitness as a Leader & Transforming your Organisation (Dimension Data programme run by Gordon Institute for Business Science)

29-30 May: Harare, ZIMBABWE – CSR 2.0: Beyond CSV and CSR 1.0 (Keynote speech, Regional Centre for Social Responsibility, CSR Indaba)

June 2014

5-8 June: Johannesburg, SOUTH AFRICA – Innovation for Future Fitness (MBA course lectures, Gordon Institute of Business Science)

July 2014

10 July: Cambridge, UNITED KINGDOM – Sustainability Codes and Standards (Postgraduate Certificate in Sustainable Value Chains, University of Cambridge Institute for Sustainability Leadership)

10 July: Cambridge, UNITED KINGDOM – Leadership for Change (Postgraduate Certificate in Sustainable Value Chains, University of Cambridge Institute for Sustainability Leadership)

August 2014

5 August: Cambridge, UNITED KINGDOM – Sustainable Design and Technology: Eco-Innovation (MSt course lecture, University of Cambridge Institute for Sustainability Leadership)

28 August: Ann Arbor, USA (delivered virtually) – The Future of Business: How to Survive and Thrive in a Climate Constrained World (Webinar, Omnex).

September 2014

16 September: Buenos Aires, ARGENTINA (delivered virtually) – Beyond CSR to CIV: Creating Integrated Value (keynote speech, AgendaRSE).

18 September: Cambridge, UNITED KINGDOM – The Quest for Sustainable Business (MSt course lecture, University of Cambridge Institute for Sustainability Leadership)

19 September: Cambridge, UNITED KINGDOM – Strategies for Making your Business Future-Fit (MSt course lecture, University of Cambridge Institute for Sustainability Leadership)

October 2014

3 October 2014: Colombo, SRI LANKA – The Art and Practice of Sustainability Leadership (Keynote speech, CSR Conference, CSR Sri Lanka).

17 October: Johannesburg, SOUTH AFRICA (delivered virtually) – Futures Thinking (Global Executive Development Programme lecture, Gordon Institute for Business Science)

23 October: Cambridge, UNITED KINGDOM – Being an Effective Change Agent (MSt course lecture, University of Cambridge Institute for Sustainability Leadership)

November 2014

21 November: Moscow, RUSSIAN FEDERATION – CSR 2.0 in the context of modern challenges (Keynote speech, Conference on Philosophy and Culture of Social Responsibility, Moscow State Institute of International Relations)

26-29 November: Stockholm, SWEDEN – Sustainable Development & CSR (MBA lectures, Stockholm School of Economics SSE Riga)

December 2014

3-5 December: Bordeaux, FRANCE – Corporate Sustainability & Responsibility (MBA lectures, Kedge Business School)

8-12 December: Quito, ECUADOR – Creating Shared Value: Beyond CSR and CSV (Part of CSR Week, Hexagon / S2M).

Bookings

For more background information, see my speaking and lecturing profile.

To book a keynote speech, lecture or training event, please use the Contact form.

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