Business Case Studies & Business Publications

Resilience in Business

Hernandez, Morela,...

Case

Resilience in Business

Hernandez, Morela; Goldberg, Rebecca; Hess, Megan

OB-1080 | Published August 19, 2015 | 11 pages Case

Collection: Darden School of Business

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What is resilience, and how is a company's resilience measured? Scholars define organizational resilience as the ability to not only survive a hardship, but also to emerge stronger and better prepared to face new challenges in the future. All businesses experience adversity, but relatively few are able to transform these experiences into a catalyst for growth. Members of resilient organizations are also hopeful and confident in their abilities to cope with hardship and view challenges as opportunities to make their organizations better. This case includes the stories of four Virginia companies that employed different strategies for overcoming difficult situations, as told by the current leaders of these businesses. Taken together, these stories provide a range of examples of different approaches to leading through and learning from adversity.