To an extent, an organization’s long-term success depends on its ability to shift its focus quickly when conditions change suddenly. Covid-19 provides a vivid example where virtually all organizations in every industry had to discover how to survive amid a new reality: retail stores shuttered, office work redistributed to millions of “home offices,” travel curtailed almost completely, etc. Health care provides the most dramatic example of the need for such a pivot. (Later in this essay, I return to health care in describing NewYork-Presbyterian’s successful pivot in the face of Covid-19 and
In the research we have done into enterprise resilience, we conceptualize it as a balancing act between the vulnerabilities your organization faces (i.e. the risks inherent in your operations) and the capabilities you build to mitigate the impact of these risks. The idea is that you want to build a portfolio of capabilities best suited to your pattern of vulnerabilities.
We are excited and proud to announce that COE Academic Director, Peter Ward, has been inducted as a life member to the Shingo Academy, an honor bestowed upon individuals with distinguished careers in organizational excellence. The honor was to be presented in a live ceremony during Shingo Academy’s March conference, which has been postponed due to COVID-19. Instead, Peter will be honored with a live presentation of the award at their next in person conference.
The COVID-19 crisis has undoubtedly shifted our lives in a myriad of ways, including how we work. While more than twenty percent are out of work due to COVID-related layoffs, the global pandemic has forced the eighty percent still working to either perform their responsibilities remotely or to work in a facility while trying to maintain social distance (along with additional new best practices like increased sanitation or shift staggering). Regardless of where we are doing our work, one thing is certain: we have all had to adapt.
Hello, everyone. My name is Hyunwoo Park, and I am an assistant professor in the Management Sciences department. One of my focus areas of research and teaching is to use and teach the power of visualization in digesting a pile of data. It’s my pleasure to say hello to you through this short piece.