Organizational resilience deals with companies’ and organizations’ ability to survive, or more positively stated, to maintain their vitality in a changing world that constantly requires adaptation. This chapter introduces and describes the concept of organizational resilience and presents an overview of the book.
A resilient company or organization is in the chapter defi ned as the capacity to use its technical, economic and social resources in order to develop long-term skills and competencies, in an efficient, reliable and flexible manner, and in a way it could manage challenges and exploit opportunities. This definition is developed both by acknowledging previous defi nitions and also by using the theoretical framework of the book consisting of evolutionary theory, complexity theory and practice theory of management.