Team Resilience
Yendor Felgate
I help individuals, teams and organisations achieve their potential using the science of strengths
Why Team Resilience?
Resilience is important because it enables individuals, teams and organisations thrive in volatile situations. When individuals, teams and organisations thrive they are able to navigate through challenges, maintain high performance, and achieve great results.
In the 2020/1 economic recovery, resilient companies generated TSR 50% higher than their less resilient peers (McKinsey, 2023).
The building of resilience in organisations is taking on such importance that it has even been referred to as the new employee engagement (Forbes, 2023). The equation of resilience with engagement is significant, given the link between employee engagement and organisation performance. This brings us to what managers can do to build more resilient teams in organisations, beginning with what team resilience is.
What is Team Resilience?
Team resilience refers to a team's ability to adapt, recover, and grow stronger in the face of adversity, setbacks, or challenging situations. It is the collective capacity of a group of individuals to withstand stressors, maintain performance, and rebound from difficult circumstances. Resilient teams can learn from their experiences, quickly regroup after setbacks, and continue working towards their goals even under pressure or in times of uncertainty.
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Building Team Resilience
Resilience is something that can be built over time. On a day-to-day basis it is what managers, and their teams, do to 'bounce forward' when adapting and responding to change.
Key components of team resilience include:
In summary, team resilience is vital because it allows organisations to adapt to change, maintain high performance, foster a supportive culture, and ultimately achieve long-term success. By investing in building resilient teams, managers can ensure they are well-prepared to face challenges and remain competitive in today's dynamic environment.