: the capability of a strained body to recover its size and shape after deformation caused especially by compressive stress
: an ability to recover from or adjust easily to misfortune or change
When we look at business, psychology, or sociology the concept of ‘recoverability’ is a key component in measuring the health and effectiveness of an organization, an individual, or a society. In dealing with unpredictable or unexpected events, the most successful organizations, people, and societies are those able to adapt and create novel solutions to novel circumstances. Elements of the successful actors are creativity, commitment, confidence, experience, and talent but in the case of shocking events the most common term for this collection of traits is resilience.
The black swan is the typical example of a completely novel event. European explorers had never seen a black swan, as that genetic mutation did not exist in Europe, … Read more »Continue