Year-end fatigue: let’s rethink resilience, aim for antifragility

Loading player...
Peter Laburn is the founder of Lead with Humanity talks about Resilience fatigue has hit. Global economic upheaval, the climate crisis and social turmoil — to say nothing of our local experiences of load shedding, water cuts and political instability — has made the expectation and experience of being resilient exhausting. 

And yet there’s no doubting its ongoing relevance. The challenges of the day are showing no sign of abating. In fact, they’re likely to continue to morph into ever-more complex scenarios. We still need to be resilient (or something like it), even though we feel increasingly disinclined to do so. 

As we look forward to a new year — and hopefully a better one at that — how do we reframe resilience? 

Defining resilience, and seeing its pitfalls

Resilience is the ability to go back to a previous state of equilibrium — to where you were before a current challenge or crisis hit. It assumes that you have already experienced an optimal or balanced state, that you want to return to it, and that you will recognise it when you come across it again.

The ability to be resilient requires several key ingredients. It requires self-compassion, an understanding for who you are and what you’re capable of, and support from people who know you and whom you trust. And it takes the ability to be creative and innovative, to set goals, and to try new things.

While the business world is often better at resilience than many of us are in our personal capacities — thanks, in part, to the risk assessment and disaster management plans many have in place — this does not make them immune. And even large companies require mentorship, coaching and advice, especially when it comes to large and unpredictable events, as the pandemic taught us.

In most definitions, resilience implies an element of regression, though this is often considered a positive occurrence rather than a negative one. You go back to a previous position. You return to your former health after an operation. Your business recovers from a setback and becomes what it was before.

But this assumption is counterintuitive, even dangerous. Perhaps you don’t want to go back to how things were before, or can’t. Perhaps part of the reason you’re in the current predicament is because what came before simply wasn’t working. Rather than resilience, then, isn’t there an alternative? A way of moving forward through the crisis and into a better, more robust future?
7 Dec 2022 1PM English South Africa Business News · Investing

Other recent episodes

The Mental Health Cost of Financial Stress

Financial stress has emerged as one of the biggest threats to South Africans' mental wellbeing. Dr Rachel Moore, Chief Medical Officer at Mediclinic Southern Africa, discusses the psychological impact of economic pressure, barriers to accessing mental healthcare and what can be done to reduce stigma and improve support.
22 Oct 2PM 12 min

KPMG Africa CEO Outlook: Confidence vs Execution

African CEOs remain confident about growth despite geopolitical tensions, economic uncertainty and disruptive technological change. Tola Adeyemi, CEO of KPMG One Africa, unpacks why execution has become the defining leadership challenge, and why many organisations are still struggling to keep pace with artificial intelligence
22 Oct 1PM 20 min

South Africa’s Economic Report Card After the MTBPS

Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement paints a mixed picture of South Africa's economy. Revenue collection is outperforming expectations, and fiscal stability appears to be improving, yet growth forecasts have been downgraded amid infrastructure constraints and global risks. Dr Nwabisa Kolisi of the HSRC unpacks what the MTBPS…
22 Oct 12PM 9 min

Clicks Crosses R50bn: Growth Through Scale

Clicks Group has become a R50 billion turnover business, cementing its position as one of South Africa's retail success stories. CEO Bertina Engelbrecht discusses the drivers behind the milestone, changing consumer behaviour, pharmacy-led growth and how the retailer plans to expand while navigating a tough consumer environment.
22 Oct 12PM 15 min

Strong Cash Flow, Softer Profits: Inside Famous Brands' Interim Results

Famous Brands delivered a resilient performance in difficult trading conditions, growing revenue and more than doubling free cash flow while navigating consumer pressure and global uncertainty. CEO Darren Hele discusses cash generation, expansion plans, shareholder returns, challenges in key regional markets and what current trading conditions reveal about South African…
21 Oct 1PM 14 min