Resilience
By Ron Immink
()
About this ebook
The term ‘resilience’ is often used in a business context, but also in the context of personal development, community development or indeed climate change. Other words used are adaptability and flexibility, the ability to adjust to changing circumstances. In this ebook, Ron Immink takes you through a journey of a number of books and concepts, framing the journey in four key trends: Exponential, Climate change, Circular and Social innovation and finishing with a tool he developed to help you filter and make sense of all the changes that are coming our way. This book is a mini version of Ron’s Bookbuzz briefings. It opens with a ‘book flower’, showing the images of the books that are covered. It is the map of the book. All these books are then referenced in the opening chapter and written about in separate chapters, so you can skip to the titles that interest you. The purpose of RESILIENCE and others in the series is to make you think, wonder and reflect. Maybe get a new idea or a new way forward. At a minimum, it will make you more aware of what is out there.
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Resilience - Ron Immink
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Introduction
I am an unapologetic book nerd. I love books. With Bookbuzz, I now making a living briefing CEOs and their management teams on the latest business thinking: to stop reinventing the wheel and learn from the best – and then using that as the platform to make better business decisions.
This book is a mini version of our Bookbuzz briefings. It opens with a ‘book flower’ with all the images of the books that are covered. It is the map of the book.
All these books are then referenced in the opening chapter and written about in separate chapters, so you can skip to the titles that interest you.
The purpose of this book and others in the series is to make you think, wonder and reflect. Maybe get a new idea or a new way forward. At a minimum it will make you more aware of what is out there.
I hope you enjoy the book. All feedback is welcome. My contact details are at the back.
Ron Immink
CEO, Bookbuzz
Making better business decisions
Resilience
The definition of resilience is the capacity to recover quickly from difficulties
or the ability to persevere; to attempt to overcome setbacks or obstacles
. In everyday-speak, it is often referred to as bounce-back-ability
or toughness
.
It is used in a business context, but also in the context of personal development, community development or indeed climate change.
The book that immediately springs to mind is Antifragile by Taleb. The ability to recover from shocks as a business or as an individual. Suggesting that you should inject small shocks to become more resilient.
Other words used are adaptability and flexibility, the ability to adjust to changing circumstances. To do that, you need to be aware of what those changing circumstances are.
Let me take you through a journey of a number of books and concepts that should help you do that. I will frame the journey in what, in my view, are four key trends:
•Exponential
•Climate change
•Circular
•Social innovation.
I will finish with a tool we developed to help you filter and make sense of all the changes that are coming our way.
Exponential
The Second Machine Age is a classic. It was one of the first books covering exponential, technology and the impact on jobs, society and business. It is not only AI and robotics, but also genetics, biology, material science, data, ICT, quantum physics, energy and health – and the combination of these. Like interchangeable Lego blocks. Speeding up the developments even more.
Makers is about 3D and 4D printing, which will not only change distribution as we know it but also the whole process of making, manufacturing and building.
The Day After Tomorrow is written by Peter Hinssen. Internal clock speed and the 70/20/10 rule. Every CEO should spend 70% thinking about today, 20% about tomorrow and 10% about the day after tomorrow. I could argue that 70% of your thinking should be spent on the day after tomorrow.
Frugal Innovation is a great book about innovation and biology and nature as a source of ideas and design solutions. Biomimicry is a hotspot.
Black Box Thinking is about the importance of iteration and accepting failure. The questions to ask are:
•What is the failure budget in your organisation?
•How much money are you allowed to lose?
Climate change
Climate Change is the biggest threat and opportunity of the 21st century. Fundamentally transforming business models. If we go over two degrees, the effects are horrendous. A combination of Mad Max and Waterworld.
COP21 is the first indication that the government are starting to take this seriously. Which means that legislation and regulation will follow. Consider how, in the future, natural capital will be taken into consideration when you calculate your cost price. That will go way beyond carbon loading.
It is not all doom and gloom. It is a $90 trillion opportunity – S40 billion in Ireland alone.
The book to read is Drawdown, which has 90 ready-made solutions already available.
Circular
No Ordinary Disruption talks about how we are running out of materials. Copper, zinc, but also water and sand. Which means prices of supplies will go up. The only way to truly secure supplies in the future is to go fully circular.
Social innovation
Thank You for Being Late is a very scary book. A very grim perspective on globalisation, climate change and society. We are now at the stage where one person can destroy the whole planet. Social innovation and inclusion will become crucial to avoid that happening. Community development will become a necessity.
Thankfully, new business models are starting to emerge. Books like Firms of Endearment and Evolved Enterprise are about triple-bottom-line-led businesses, which 14 times more profitable and more resilient.
The book to read is Exponential Organisations. To scale successfully, you need one thing above anything else: a Big Transformative Purpose.
It is difficult to make sense of what’s happening / about to happen. Here are a few more books you should read to help you cope.
Organisational design
Reinventing Organisation suggests completely new forms of organisation. Helping you to improve your internal clock speed and ensuring that your staff is engaged.
Navy SEALs
The Navy SEAL Art of War is about attitude. Navy SEALs never give up. But they also use the best equipment, focus on preparation, preparation, clear communication and exercise ‘extreme ownership’. The buck always stops with them. Their training also proves that people are capable much more than they think.
Master chefs
Work Clean is about master chefs and their professionalism and the way they organise their work. With full commitment, full precision and consistency. Combined with creativity and customer experience. If your business was a kitchen or restaurant?
Gaming
Reality is Broken is about gaming and scenario planning and using gaming techniques to get your staff and yourself in creating possible futures. Combine that book with Future Vision.
The mind
Solve for Happy is about mindset and how to apply mind techniques. You need to manage your brain, starting with knowing that it can only hold one thought at the time. A thought you can control. I advise everyone who wants to become more resilient to meditate. The Code of the Extraordinary Mind is my handbook.
Art
Robot Proof suggests that everyone should study the arts. It is not alone in that. Runaway Species suggests that we are wired for innovation and that the arts is the main way to express that. It also suggests that you get science fiction writers to help you develop your scenarios for the future.
Focus
Deep Work suggests that you should relearn how to focus. Getting rid of distractions. You should also read The End of Absence.
Stoics
The Obstacle is the Way is a perspective on stoicism and another perspective on attitude. Life sucks. Get over it.
Leadership
Finally, there is Coherence. The physiology of decision-making as a leader. If you are calm, your organisation is calm. You are the metronome of your organisation. Your heartbeat is the heartbeat of the organisation. Slow it down. Breathe.
Filter
Or you can apply a lens to everything you do. Hence the strategic box: the filter or framework through which you look at the world. Just make sure you avoid the Filter Bubble.
Storytelling
Ultimately all of that needs to be translated into a story. One for you internally, one for the organisation and your staff, carrying the cultural memes that will drive behaviour and direction and one for your clients and stakeholders. Preferably, the story is the same in all three.
Free books
Summaries of all these books can be found at www.ronimmink.com. You can download The Future: Slow Down or Go Faster? free, using code ACEI2018 here, https://www.ronimmink.com/shop/. His book on Climate Change is also available free.
Anti-Fragile
Business lessons from Anti-Fragile
About a year ago, myself and Frank Hannigan decided to write a book on asymmetric management. Our argument being that actively managing serendipity is more important than business optimisation. The way I explain asymmetric management is a reflection on how far we have come with this book (not far).
Data, marketing, planning, organisation, strategy, intuition, education, passion, entrepreneurship and the future
So I have been looking forward to Taleb’s new book. I was right. Having read it, I think it is a core book that touches on an enormous range of books we cover with our clients.
Skin in the game for credibility
He does not like academics, marketers, bankers, managers and futurologists. He distrusts statistics, doctors and medicine, large organisations and large systems. He believes in applied learning versus theory and universities, loves entrepreneurs, thinks that honour and skin (and soul) in the game are essential for credibility (that goes for experts, advisors, civil servants, bankers), that small is beautiful, and loves books, reflection and slow flow.
Not sure if I would have liked it if I hadn’t read those other books. But this book will most definitely make you think.
Small shocks as antidote
Not going to try to explain his thinking; it is chaos theory, biology, adaptability, black swans and small shocks as an antidote to large shocks. In life and in business.
Lessons for business
Businesses should study the barbell approach (the middle is for suckers, combining super safe with very high risk), study optionality, question their approach to innovation, look at the way they train staff, re-examine organisational structures and be aware of the ‘Lindy’ effect.
The Lindy Effect
Old is not necessarily bad, the longer something has been around, the longer it will be around. The chair (as in furniture) does not need to worry. However, if I was Facebook, I would be very concerned.
Quotes
Some quotes directly from the book that will give you a sense of the book:
•Non-predictability: Living life to its fullest and freedom: What is non-measurable and non-predictable will remain non-measurable and non-predictable, no matter how many PhDs with Russian and Indian names you put on the job – and no matter how much hate mail I get. There is, in the Black Swan zone, a limit to knowledge that can never be reached, no matter how sophisticated statistical and risk management science.
•Living life: Provided we have the right type of rigor, we need randomness, mess, adventures, uncertainty, self-discovery, near-traumatic episodes, all these things that make life worth living, compared to the structured, fake, and ineffective life of an empty-suit CEO with a pre-set schedule and an alarm clock
•Freedom: The definition of the free man, according to Aristotle, is one who is free with his opinions.
The Second Machine Age
The future? We are on the second half of the chessboard!
A headache for clients
The future is a headache for our clients. For a while, we thought it was awareness. Management teams not being aware of the technology changes. We were wrong. They are very aware. They just don’t know what to do with it.
Awareness gap
That does not mean that the whole organisation is aware. There seems to be a massive gap between the awareness of the management team and the rest of staff. That creates a lot of issues, particularly when you want your organisation to be fluid, agile and responsive.
Opportunity for SMEs
We do find that owner-managers of small companies are very unaware. In fact, there is an element of putting the head in the sand and hope it will go away. That is an unfortunate attitude, because