Residual value

1. Behavioural skills.

The ability of individuals to recover from difficulties or to withstand external pressures.

Resilience is the best tool for when your environment changes, and this is a skill that can be learned.

Six ways to practise personal resilience:

• Attitude – understand your motivational state and how to change it
• Responses to stress – awareness enables control
• Commitment – what are your motivations?
• Control – understand what can and can’t be controlled in your environment
• Relationships – maintain clear and consistent communication
• Health – mental and physical

Four ways to practise personal resilience during COVID-19:

• Maintain boundaries between home and work especially when working from home
• Be transparent
• Manage your positivity
• Look out for verbal and non-verbal clues in your work relationships

Association of Corporate Treasurers, Mental wellbeing and top tips for thinking in a resilient way, May 2020

2. Risk management - organisations and systems.

The ability of organisations or entire systems to recover from problems, or to withstand adverse external conditions.

Examples of problems include climate change, natural catastrophes, cyber-risk, financial market shocks and stresses.

See also

• ACT Competency Framework
• AMCT
• Business skills
• Capital Conservation Buffer
• Commercial drive and organisation
• Emotional intelligence
• Equifinality
• Event risk
• Executive coaching
• Financial Policy Committee
• FOMO
• Growth mindset
• Influencing skills
• Mind map
• Self management and accountability
• Self-regulation
• Silo
• SMART
• TCFD Recommendations
• Technical skills
• Working effectively with others