In the current model of corporate capitalism, each company is treated as an economic island to be optimized individually. While this simplifies management and accountability, it masks the extent of economic and social interdependence between different stakeholders. In contrast, resilience is a property of systems: an individual company’s resilience means little if its supply base, customer base, or the social systems upon which it depends are disrupted.
Authors: Kevin Whitaker, Martin Reeves
Source: Harvard Business Review
Subjects: Capitalism, Economics, Management, Operations