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Strategies I will use this upcoming semester

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Strategies I will use this upcoming semester

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-staying optimistic, and being resilient when the workload becomes large
-Being open to failure, because it can often lead to innovative ideas
-Making sure that I am passionate about what I am doing, to ensure success and happiness for my future
-Focusing on what I am doing and not others, my journey will be different from my peers.

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CBE, Article by: Kanya King. “The Importance of Resilience in Business.” TheHRDIRECTOR, 29 Mar. 2021, https://www.thehrdirector.com/features/leadership/importance-resilience-business/.

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Resilience is more important now than ever due to the impacts of COVID-19. COVID was a perfect test to business' resilience abilities. It talks about how it is important for managers to instill resilience within their workers, it is not just important for leadership to be resilient. The writer of this article talks of how he stays resilient, and one of his mottos is  "don’t get bitter, get better". It's helpful to here advice from a real person who has been faced with challenges and how deals with them in the business world. People don't often talk of how hard it can be to stay optimistic in times of struggle.

" Having a defined goal or reason for doing what you do means that even in the toughest times, when it feels like the world is against you, there is a reason to keep moving forward."
My takeaway from that is making sure that your team is invested and passionate about the work they are doing. Because people will more easily be able to bounce back from failure and stay resilient if they are motivated to do so. It is also important for leadership to keep the morale of the team high so that they can remember why they are there and why their jobs are important.

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Reeves, Martin. “A Guide to Building a More Resilient Business.” Harvard Business Review, 1 Feb. 2021, https://hbr.org/2020/07/a-guide-to-building-a-more-resilient-business. 

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Reeves, Martin. “A Guide to Building a More Resilient Business.” Harvard Business Review, 1 Feb. 2021, https://hbr.org/2020/07/a-guide-to-building-a-more-resilient-business. 

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They define resilience as a company’s capacity to absorb stress, recover from dysfunction within the company, and to thrive in altered circumstances. It is important today because modern day business environment is becoming more unpredictable and dynamic.
Diversity is very helpful in embracing resilience and being able to bounce back after failure, with the diversity comes different backgrounds and opinions that can help companies see all sides of a situation.

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Forum, Oslo Business. “Amy Edmondson – the Science of Intelligent Failure.” Oslo Business Forum: Empowering Leaders To Change The World, 22 Nov. 2021, https://www.obforum.com/article/amy-edmonson-the-science-of-intelligent-failure.

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"If you want to succeed faster, make more mistakes."
This article talks about how in todays world companies must innovate to remain competitive. But to do this there is a high risk of failure, and companies need to realize that the best innovative creations come through making risky decisions rather than holding back. It talks about how often businesses avoid failures, but they shouldn't be because it is what often creates success. I think this is very helpful information, because with school I am so focused on getting perfect grades where I could refrian from thinking out of the box, but I am realizing it can be beneficial and better to take that risk.

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Amy Edmenson, a Harvard Business School professor, writes about how failure falls into preventative, unavoidable, and intellectual failures.
Preventative Failure: Preventable failures start with lack of preparation, planning, and research
Unavoidable Failures: Or known as complex failures

Natural disasters

Death of a leader

Rapid growth (with no time to adapt properly)

Outgrowing leadership (company grows faster than current leadership has the capacity to grow with)

The business environment is naturally chaotic which leads to mistakes

Intellectual Failures: Testing new hypotheses and experimenting with new solutions that could end in failure

But it can be beneficial because experimenting with a new solution, you’re continuing to learn what works and what doesn’t so you can learn from the failed attempt and move onto something that hopefully works the next time

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Zaharee, Marcie, et al. “How Companies Can Benefit from Brilliant Failures Despite the Stigma Surrounding Failure, Companies Can Use Failure to Learn, Pivot, and Achieve Success-Thus Failing ‘Brilliantly.’” RESEARCH-TECHNOLOGY MANAGEMENT, vol. 64, no. 2, Jan. 2021, pp. 31–38. EBSCOhost, doi:10.1080/08956308.2021.1865000.