There seems to be a lot of talk and articles these days about resilience.
I have somewhat ignored the term, but recently read an interesting piece in Forbes: What Is True Resilience? (Hint: It’s Not About Managing Risk).
Before I cover that piece, it is interesting to see what people have said about the difference between ‘risk’ and ‘resilience’.
One academic has written (key sentence highlighted):
Resilience is essential to living in a world filled with risk. Resilience has historically been defined as the ability to return to the status quo after a disturbing event. However, in the face of a changing climate and growing population, resilience cannot be based on the capacity to recover from the sorts of disasters we have faced in the past, but requires that we build capacity to avoid damage and/or recover from to the sorts of disasters we can expect to face in the future. If our goal is a sustainable future, we must understand the risks we will face and prepare for those risks through adaptation and mitigation measures. Resilience is crucial in this endeavor, as it is our capacity to cope with both expected events and surprises. To this end, it is critical that we identify, assess, communicate about, and plan for risks that the future will bring.
The OECD has shared:
The ability of households,…
