What are some strategies for building a resilient organization through corporate development?

Diversify revenue streams. Strengthen supply chain resilience. Invest in technology and innovation. Enhance risk management practices. Foster a flexible and adaptive culture. Seek strategic partnerships and collaborations. Build a strong financial foundation. Focus on talent development and retention.

Corporate development is the process of creating and executing strategies that enhance the value and growth of an organization. It involves activities such as mergers and acquisitions, partnerships, alliances, joint ventures, divestitures, and restructuring. Corporate development should be aligned with the strategic goals of the organization, which are the long-term objectives that guide the direction and vision of the organization. Aligning corporate development with strategic goals can help the organization achieve its benefits.

Businesses become less resiliant as they grow because they hire managers - who think discusion is a sign of weakness as they have been conditioned by the Fear of Failure into using just the logical fraction of the brain in the head of a human to make decisions, so assume "their way is the only way to do it" - to run departments that opporate in conflicting ways to other departments eg sales v customer services.

Another way of building resilience is by actively pursuing Diversity from different backgrounds to bring in different perspectives and input that helps drive innovation.

Fostering a culture of learning and innovation is critical for every organization. The organization and its management must be initiators. I would say that every manager knows this, at least in theory. However, the question is above all how to get things done, how to be practical. Less fancy phrases, more actions. There are few quick wins, you just have to do start doing things one at a time. It doesn't have to be rocket science.

In my experience, building a resilient organization through corporate development requires a strategic and multifaceted approach. Here are some key strategies that have proven effective: - Strategic Partnerships and Alliances - Diversification of Revenue Streams - Innovation and Technology Adoption - Talent Development and Retention - Agile Decision-Making Processes - Financial Prudence and Risk Management - Adaptability to Market Dynamics - Customer-Centric Approach - Supply Chain Resilience - Continuous Learning and Improvement - Strategic Mergers and Acquisitions - Environmental, Social, and Governance (ESG) Integration Put these strategies into the corporate development, can create an ever-evolving business landscape.

Ensure that they risks you identify are aligned with the enterprise risks that are usually identified at the board level. With the changes in ESG this is a new area that needs risk focus along with social media risk

Another idea that has worked in the past for me was not just engage my stakeholders but to make them "partners" in the strategy this was very effective in breaking into new markets

Engagement is not just communicating your decisions to those stakeholders effected. Genuine Engagement is more than just communicating in the way people want to be communicated with (upto 98% chance that it is not the same way that you want to be communicated with) and actually listen to the stakeholders & respond appropiately.

It is important to review your corporate development strategy's but it is also important to take some time to identify and or at least acknowledge potential black swan events