How prepared is your business for recession resilience?
Are you ready for the onslaught of monsoon? Read more at: https://www.deccanherald.com/business/are-you-ready-for-the-onslaught-of-monsoon-852222.html
The Relevance Of Resilience During Disasters
Resilience has been broadly defined as the capacity to adapt successfully to threats or disturbances. The concept has been adapted and applied to many contexts; we often hear about disaster resilience, community resilience, and environmental resilience, among others. In the face of COVID-19, it is important that we talk about a different type of resilience; that of individuals when faced with challenge, conflict, or crisis—what is often called ‘personal resilience’—and how it is relevant for each one of us.
We’ve known about personal resilience for some time. More than half a century ago, social science researchers noticed that some people were able to not just cope, but also thrive after facing severe adversity. Some believed that this ability to bounce back was innate, but years of research show otherwise. What has emerged is that resilience can be developed by building a set of skills and perspectives, and that these skills and perspectives can be taught…
How prepared is your business for recession resilience?
It’s no surprise that the pandemic has affected the economy as unemployment rates continue to soar and economic output has plunged these past few months. As a result, the U.S. has officially gone into recession, according to the National Bureau of Economic Research. The Better Business Bureau serving Central East Texas advises consumers to work toward becoming fiscally savvy during this uncertain season.
The recession is beyond our individual control. However, we can control our ability to be proactive when it comes to our finances so that we can survive and hopefully thrive as we move into the next year…
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