Resilience: Difference between revisions

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The ability of individuals to recover from difficulties or to withstand external pressures.
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.   
 
:<span style="color:#4B0082">'''''Practise resilience'''''</span>
: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:
:Six ways to practise personal resilience:


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


   
   
Four ways to practise personal resilience during COVID-19:
: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 - finance.''


*Maintain boundaries between home and work especially when working from home
The ability of organisations or entire systems to recover from major problems, or to withstand adverse external conditions.
*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''
Examples of major problems include climate change, natural catastrophes, cyber-risk, financial market shocks and stresses.




2. ''Risk management - organisations and systems.''
:<span style="color:#4B0082">'''''Rolls-Royce bolsters financial resilience'''''</span>


The ability of organisations or entire systems to recover from problems, or to withstand adverse external conditions.
:"With the aviation sector decimated by COVID-19 and an entire staff base working from home, Rolls-Royce, which generates around 50% of its annual revenue from civil aerospace, undertook swift action to conserve cash and bolster liquidity through a series of complex transactions in the second half of 2020.  


Examples of problems include climate change, natural catastrophes, cyber-risk, financial market shocks and stresses.
:The deals stemmed from overarching aims to:


::1. provide financial resilience and strong liquidity headroom to see the business through any severe but plausible downside scenarios on the recovery in air transport..."
:''ACT Deals of the Year Awards 2020 - Rolls Royce''




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* [[ACT Competency Framework]]
* [[ACT Competency Framework]]
* [[AMCT]]
* [[AMCT]]
* [[Black swan]]
* [[Business skills]]
* [[Business skills]]
* [[Call for Action on Adaptation and Resilience]]
* [[Capital Conservation Buffer]]
* [[Capital Conservation Buffer]]
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[Commercial drive and organisation]]
* [[Commercial drive and organisation]]
* [[COVID-19]]
* [[Cyber resilience]]
* [[Emotional intelligence]]
* [[Emotional intelligence]]
* [[Equifinality]]
* [[Equifinality]]
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* [[FOMO]]
* [[FOMO]]
* [[Growth mindset]]
* [[Growth mindset]]
* [[Headroom]]
* [[Influencing skills]]
* [[Influencing skills]]
* [[Liquidity]]
* [[Mind map]]
* [[Mind map]]
* [[Optimism bias]]
* [[Procyclicality]]
* [[Redundancy]]
* [[Self management and accountability]]
* [[Self management and accountability]]
* [[Self-regulation]]
* [[Self-regulation]]
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* [[TCFD Recommendations]]
* [[TCFD Recommendations]]
* [[Technical skills]]
* [[Technical skills]]
* [[Wellbeing]]
* [[Working effectively with others]]
* [[Working effectively with others]]


[[Category:Commercial_drive_and_organisation]]
 
[[Category:Influencing]]
==External link==
[[Category:Self_management_and_accountability]]
 
[[Category:Working_effectively_with_others]]
*[https://www.treasurers.org/hub/treasurer-magazine/how-read-your-own-emotions-and-develop-resilience How to read your own emotions and develop resilience, The Treasurer, 2019]
[[Category:Planning_and_projects]]
 
[[Category:The_business_context]]

Latest revision as of 23:53, 6 December 2023

1. Behavioural skills.

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


Practise resilience
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 - finance.

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

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


Rolls-Royce bolsters financial resilience
"With the aviation sector decimated by COVID-19 and an entire staff base working from home, Rolls-Royce, which generates around 50% of its annual revenue from civil aerospace, undertook swift action to conserve cash and bolster liquidity through a series of complex transactions in the second half of 2020.
The deals stemmed from overarching aims to:
1. provide financial resilience and strong liquidity headroom to see the business through any severe but plausible downside scenarios on the recovery in air transport..."
ACT Deals of the Year Awards 2020 - Rolls Royce


See also


External link