Building resiliency
What's the secret of building resiliency, the ability to withstand unexpected challenges, into your organization? Lots of leaders I know take this attitude: "When the crunch comes, we'll deal with it. I'll explain that we have a burning platform, and the team will respond." Well, yes, they will, but to the extent that you succeed in handling the crisis? If so, will the team respond in a way that creates the potential for future success, or will the effort just get you through the crisis? A recent story [subscription required] in the UK Health Service Journal shows what happens when an administrative fiat is issued to deal with a budget shortfall. Excerpts: The financial ‘stretch targets’ and emergency measures imposed by NHS regulators will fail to make significant inroads into the total provider sector deficit, analysis by HSJ reveals. Providers had forecast a combined year-end deficit of £2.1bn at the start of 2015-16, which prompted Monitor and the NHS ...