How can you use resilience to create innovative geology business models?

1 Resilience definition

Resilience is the ability to cope with stress, adversity, and change, and to recover and grow from them. Resilience is not a fixed trait that you either have or don't have, but a dynamic process that you can develop and improve. Resilience can be applied at different levels, such as individual, team, organizational, or system. Resilience can help you overcome challenges, learn from failures, seize opportunities, and create positive outcomes.

2 Resilience dimensions

According to the Resilience Alliance, a network of researchers and practitioners who study social-ecological systems, resilience can be understood along three dimensions: persistence, adaptability, and transformability. Persistence is the ability to maintain the essential functions and identity of a system in the face of disturbances. Adaptability is the ability to adjust and modify the system in response to changing conditions and feedback. Transformability is the ability to create a fundamentally new system when the existing one is no longer viable or desirable.

3 Resilience assessment

To use resilience to create innovative geology business models, you need to assess the current state and potential of your system, whether it is your individual career, your team, your organization, or your industry. A resilience assessment can help you identify the key drivers and pressures that affect your system, the sources and indicators of resilience, the thresholds and tipping points that can trigger change, and the scenarios and visions that can guide your actions. A resilience assessment can also help you engage with your stakeholders and partners, and foster a shared understanding and commitment.

4 Resilience strategies

Based on your resilience assessment, you can design and implement strategies that can enhance your resilience and innovation. Some of the common resilience strategies are: diversifying your portfolio of services and products, building your network of relationships and collaborations, investing in your skills and knowledge, experimenting with new ideas and approaches, monitoring and evaluating your performance and feedback, and embracing uncertainty and complexity. Resilience strategies can help you create value for your customers and society, while reducing your risks and costs.

5 Resilience examples

There are many examples of how geologists have used resilience to create innovative business models in different contexts and sectors. For instance, some geologists have diversified their services to include environmental consulting, geothermal energy, carbon capture and storage, and green mining. Some geologists have built partnerships with other disciplines, such as engineering, economics, and social sciences, to offer integrated solutions. Some geologists have invested in digital technologies, such as remote sensing, data analytics, and artificial intelligence, to improve their efficiency and accuracy. Some geologists have experimented with new methods and tools, such as citizen science, crowdsourcing, and gamification, to engage with their audiences and stakeholders.

6 Resilience benefits

Using resilience to create innovative geology business models can bring you many benefits, both personally and professionally. Resilience can help you increase your satisfaction and well-being, as you can cope with stress and challenges, and pursue your passions and goals. Resilience can help you enhance your reputation and credibility, as you can deliver high-quality and reliable services, and meet the expectations and needs of your clients and society. Resilience can help you generate more income and opportunities, as you can create and capture value, and differentiate yourself from your competitors. Resilience can help you contribute to a more sustainable and resilient world, as you can address the environmental and social issues that matter to you and your community.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?