The Resilience Factor

Monday, 12 January 2009 08:07 by kpotvin

Resilience - the ability to bounce back from adversity - is completely underrated and yet absolutely critical in this time of economic turmoil.  Psychoanalyst Kerry Sulkowicz, MD, says in his recent BusinessWeek column, "Analyze This," that emotional resilience in the face of the current crisis would be "the ability to resist being swept up in the global state of panic and to adapt as creatively as possible to one's setbacks and losses."  In other words, this is the time to get creative and look for the opportunities that are (really!) out there.  The old ways may not be working so conjure your entrepreneurial roots and explore a different path - find new investments, create new products, try new communications techniques.  Dr. Sulkowicz writes that he sees a variety of responses from CEOs he works with regarding our current state of affairs.  "Some see a dangerous and unpredictable time that they hope to 'ride out,'" he writes.  "Others consider these events a chance to learn, as they focus on protecting their companies and looking for opportunities."  Which will you choose?

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September 5. 2010 11:31