What Is a Culture of Resilience?

Denali Venture Philanthropy founder Robert “Bo” Parfet possesses an extensive background in finance, investment banking, and entrepreneurship. In addition to leading the socially responsible firm, Denver, Colorado, resident Robert “Bo” Parfet pens thought leader pieces on diverse business and entrepreneurship topics. In 2020, Thrive Global published his article discussing resilience as a corporate culture.

Companies with resilient cultures are able to adapt and thrive under volatile circumstances. Executive leaders can promote resilience by promoting collaboration and trust amongst employees, management, and customers. This can be achieved by communicating a strong and inspiring vision that unites all stakeholders around a common goal.

Having a transparent decision-making and leadership process can also build trust within a company, making it more responsive to unforeseeable shocks. Staying relevant and modern is also essential to surviving change. For this reason, companies must frequently review and update their processes and systems. Investing in the workforce through re-skilling programs or implementing flexible work arrangements also increases a company’s agility.