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International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 7 Issue 2, March-April 2023 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 669
Organizational Resilience and its
Importance for Business Sustainability
Dr. Pooja Deshmukh1
, Prof. Suchitra Mendke2
1
Associate Professor, Institute of Management and Research, MGM University, Aurangabad, Maharashtra, India
2
Assistant Professor, Institute of Management and Research, MGM University, Aurangabad, Maharashtra, India
ABSTRACT
Despite best efforts, some natural disasters may have lasting effects
that are impossible to reverse. During the COVID-19 era, we have
witnessed a variety of calamities it catapulted over the ever-evolving
human interface, delivering great suffering and death to the farthest
regions of our world. Borders have been closed and quarantines have
been implemented. A virus has severely restricted people's freedom
of movement and their ability to go about their everyday routines.
The COVID-19 dilemma has affected every industry and
organization in globe. This review study focuses on interrelated
resilience qualities and indicators that aid with business sustainability
by improving the effectiveness of business as usual (BAU), as well as
the resilience and responsiveness of crisis response and recovery.
KEYWORDS: COVID-19, New Normal, Organizations, Qualities and
Indicators, Business Sustainability
How to cite this paper: Dr. Pooja
Deshmukh | Prof. Suchitra Mendke
"Organizational Resilience and its
Importance for Business Sustainability"
Published in
International Journal
of Trend in
Scientific Research
and Development
(ijtsrd), ISSN: 2456-
6470, Volume-7 |
Issue-2, April 2023,
pp.669-673, URL:
www.ijtsrd.com/papers/ijtsrd52179.pdf
Copyright © 2023 by author (s) and
International Journal of Trend in
Scientific Research and Development
Journal. This is an
Open Access article
distributed under the
terms of the Creative Commons
Attribution License (CC BY 4.0)
(http://creativecommons.org/licenses/by/4.0)
INTRODUCTION
The triple bottom line, which contends that businesses
should measure their environmental and social impact
in addition to their financial performance, has been
adopted by many modern businesses. People, planet,
and profit, collectively known as "the three Ps," are
these objectives. This environmentally friendly
method of doing business frequently results in
improved business performance. Initiatives focused
on sustainability not only promote social and
environmental change but also an organization's
overall success. Spending more money on sustainable
business practices may seem counterintuitive in order
to increase a company's profitability, but studies have
shown that the most profitable businesses are also the
most sustainable.
In 2020, COVID-19 spread around the world and the
world was totally unprepared for it. It has disrupted
the normalcy of the world, impacting not only the
social fabric of society but most importantly poses an
unseen threat to humanity. More so, the global health
crisis led to severe economic fallout last year that
resulted in the International Monitory Fund declaring
a recession as bad as, or worse, than in 2009. Since
then, numerous companies have faced unsaid
difficulties. Against this backdrop, business leaders
worldwide have been facing a tough time adapting to
the new world order. For them, maintaining their
company's viability and survival became essential.
What they can do next and need to be looking at is
one of the main worries that caused nervousness.
Literature Review:
After assessing the research papers it was found that
there is no direct relation amid organizational
resilience and its sustainability in the field of higher
education when the literature is searched, at least as
far as is currently accessible, but still some research
supports that. i.e. the study of Wals and Schwarzin
(2012), Malik (2014), Brock, Baldwin (Melkonyan,
Gottschalk, and VP (2017), Nawaz and Koc (2018),
Bell (2002), Robb (2000), ans also obanKumbal
(2018), Horne III (1997), Dobie and Schneider
(2017), Mallak (2018), and Wildavsky (1991) are all
IJTSRD52179
International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 670
have considered and supported. Although the idea of
resilience has a long history in some academic fields
(particularly psychology), it is relatively new to
business and management research. Recently, the
phrase "make your organization more resilient" has
appeared to be popular in management practice. How
to make organizations more resilient is suggested in
practitioner journals or daily newspapers. Recently,
the idea has picked up steam in top-tier management
journals (e.g. Clement and Rivera 2017; Limnios et
al. 2014; Williams et al. 2017). The concept has been
criticized for being undefined and vague, which
lessens its significance for practice and research even
though it is thought to be promising. (e.g. Amann and
Jaussaud 2012; Burnard and Bhamra 2011;
Linnenluecke 2017). However, for a concept to be
scientifically relevant, it must be clearly defined and
quantifiable says (Bacharach 1989;
Podsakoff et al. 2016; Edwards and Bagozzi 2000).
Despite an increase, empirical research on
organizational resilience still lacks a reliable scale for
measuring it (e.g., Aleksi et al. 2013, Mallak 1998a,
and Pal et al. 2014. The review by Linnenluecke
(2017) demonstrates that the research in this area is
dispersed across a number of research streams
(employee strengths, organizational reliability,
responses to external threats, adaptability of business
models, and design principles that lessen supply chain
vulnerabilities). Each of these research strands has
created its own resilience definitions,
conceptualizations, and metrics. In order to paint a
complete and coherent picture of the complex
construct, this paper's focus is on resilience as an
organizational construct and incorporates findings
from various research streams.
What is organizational resilience?
Organizational resilience is the capacity to weather a crisis and prosper in an unsettling environment. A strategic
ability is resilience. It involves more than just surviving crises. A truly resilient organization also possesses two
other crucial traits: the ability to turn crises into sources of strategic opportunity and the foresight and situation
awareness to foresee potential crises before they occur.
Source: https://www.resorgs.org.nz/about-resorgs/what-is-organisational-resilience
Resilient to what?
Each organization has its own 'perfect storm,' which
is a confluence of events or circumstances that has the
potential to bring that organization to its knees. A
financial system's worst nightmare could be a sudden
loss of customer confidence, resulting in a
snowballing 'run on the bank.' For other
organizations, it could be the failure of a key supplier,
contamination on the production line, an unhappy
employee causing destruction, and so on.
Organizations are part of a larger system:
While our research focuses on the resilience of
organizations (businesses, government agencies,
institutions, etc), an organization sits within an
ecological system, and resilience is required at all
levels of this system.
No organization is an island.
The resilience of an organization is directly related to
the resilience of the other organizations on which it
depends (customers, suppliers, regulators, and even
competitors). A company depends on and supports
the resilience of both its employees as individuals and
the communities in which they live. Similarly, an
organization’s resilience is directly related to the
resilience of its sector, and the sector's resilience is
intertwined with the resilience of the nation.
International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 671
Objectives/ Research Questions:
1. What are the challenges for Business
Sustainability in New Normal?
2. How the success of a business is dependent on
resilience?
3. What are a few steps business leaders can take to
make business resilient?
Research Methodology:
The research paper is based using secondary data,
therefore qualitative in nature; only scholarly articles
have been reviewed due to time constraints.
The challenges:
A number of businesses struggled to prevent
employees from losing their jobs as the global
economies took a sharp dive. Given the uncertain
environment, it's been incredibly difficult for leaders
to make wise choices, manage the organization's
overall goal, and generate enough revenue. In
actuality, the pandemic has not yet ended. It’s very
difficult to predict when it will end and how many
more people will suffer. The security of each
individual has become the biggest need of the hour.
Now, in a post-second wave, people are shattered,
and they are forced to live in fear till normalcy is
achieved. Managing employees’ productivity and
keeping them motivated at an identical time is very
important in this new work culture. Business leaders
are increasingly concerned about their employees'
physical and psychological states. It’s become
imperative to focus on how to keep everyone
mentally and physically fit till the pandemic ends and
moreover how to return to the normal phase. So,
although the pandemic may seem impossible for
many businesses, survival and sustainability aren’t
impossible. Therefore, in pursuit of true sustainability
for better survival within the new normal era, what
are some steps business leaders can take?
Dependability of Success and Resilience:
In the almost 20 years since the turn of the century,
the global operating environment has changed in a
rapid and dramatic fashion. Globalization,
connectivity, rapid disruption, global economic
swings, and even the rise of cause-based communities
on social media all have picked up velocity – and
created turmoil for the businesses seeking to operate
with a degree of stability.
We are aware that change cannot be stopped or
slowed down. The only real course of action for the
majority of businesses is to exert control over what
they can while preparing for the possibility that they
will also need to manage circumstances beyond their
control. To achieve this, the organization must put in
the time and effort necessary to create a culture of
business resilience. Turmoil and disaster, according to
history, are not a "if." They are realities of "when". Is
your business poised to respond? Resilience comes
from this combination of a plan, the ability to adapt it
on the fly, and the ability to execute at speed when
the risk materializes. The concept also encompasses
the ability to recover when a crisis hit; to return to the
military analogy, reverses will happen but does the
organization know how to regroup and recover?
Three interrelated traits and 13 indicators make up
organizational resilience. These improve the
effectiveness of business as usual (BAU), as well as
the robustness and agility of crisis response and
recovery.
Leadership and culture:
Leadership:
Strong leadership is necessary for crisis management
and decision-making, as well as ongoing evaluation
of strategies and work programs against
organizational goals. An example of organizational
leadership is Southwest is known for its customer
service. What is the best example of Southwest
airlines? Airlines were compelled to suspend
operations on September 11, 2001, for days as the rest
of the country recovered from the terrorist attacks.
Instead of following the trend, Southwest announced
only three days after 9/11 that Southwest would keep
all of its employees by starting the profit-sharing of
$179. 8, million.
Staff engagement
Employees who grasp the link between their
individual work, the organization's resilience, and its
long-term performance are more engaged and
involved. Staff members are given autonomy and are
encouraged to use their expertise to solve challenges.
Lets us take the example of Alphabet Inc a parent
company of Google has no problem attracting top
talent because the company has utilized unbeatable
techniques to engage the workforce i.e Unique
compensation and benefits, Staff empowerment, and
autonomy: The company’s famous 20% creative time,
Most employees can enjoy fully remote or hybrid
work.
Situation awareness
Employees are urged to closely monitor the business,
its operations, and any potential issues. Employees
are rewarded for providing both positive and negative
information about the business, including any early
warning signs that are reported to management right
away.
Decision making
Decision-making power is delegated to the staff in a
way that makes it possible to respond to crises.
Highly qualified personnel are employed in, or
International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 672
capable of making, decisions where their specific
knowledge offers significant value or where their
participation will improve implementation. Apple.
After firing him ten years prior, the board decided to
rehire Steve Jobs, which resulted in amazing product
innovation and the founding of one of the most
valuable companies in the world.
Innovation and creativity
Staff members are rewarded and encouraged for
utilizing their knowledge in novel ways to address
new and current challenges, as well as for producing
solutions in inventive and creative methods.
Samsung: Harnessing the Power of the Creative Elite.
As one of the world’s leading technology companies,
Samsung is widely recognized as one of the most
innovative conglomerates on earth and is a great open
innovation example. In order to ensure that new
projects are ready to adopt best practices and produce
the highest Key Performance Indicator (KPIs,) their
innovation management strategy entails assigning an
experienced "creative elite" to take the lead on them.
Networks and relationships:
The following indications help identify the internal
and external ties that have been established and
developed for the organization to use when necessary:
Effective partnerships
An awareness of the relationships and resources that
the organization may need from other organizations
during a crisis, as well as the preparation and
management necessary to ensure that access. Athletic
brand Nike and technology giant Apple have been
working together since the early 2000s when the first
line of iPods was released. The co-branding
partnership started as how to bring music from Apple
to Nike customers’ workouts using the power of
technology: Nike+iPod created fitness trackers and
sneakers and clothing that tracked activity while
connecting people to their tunes. Tracking
transmitters are often built into shoes, armbands, and
even basketballs to measure time, distance, heart rate,
and calories burned. It’s a genius co-branding move
that helps both parties provide a higher experience to
customers and with the popularity of fitness tracking
technology, Nike+ is ahead of the curve by making it
easy for athletes to track while they play.
Leveraging knowledge
Staffs have access to expert opinions as needed, and
important data is kept in a variety of formats and
places. To ensure that important positions are always
filled, roles are shared and personnel are trained. One
well-known name in communication is WhatsApp.
Millions of people use it all over the world, and it
recently began branching out into online payments to
further the interests of its users. WhatsApp did not,
however, start out as the company that it is now.
When considering businesses that outsource,
WhatsApp is a good example because it has done so
since the beginning. WhatsApp had 30 full-time
employees and five part-time employees as of the
year 2012. Based in Mountain View, California, they
recognized the importance of controlling costs if they
wanted to expand. Russia provided the solution for
WhatsApp, and they were able to source development
resources there for a small portion of what they would
have had to pay in the US.
Breaking silos
Reduction of dividing social, cultural, and behavioral
obstacles, which most often appear as communication
roadblocks and lead to ad hoc, unconnected, and
detrimental work practices.
Internal resources
The coordination and management of an
organization's resources to preserve both its ability to
function normally and its ability to provide the extra
capacity required in a crisis
Change ready:
The following signs indicate the planning that has
been done and the direction that has been set to
enable the organization to be change-ready:
Unity of purpose
An understanding of the organization's minimum
operating requirements as well as an awareness
among all employees of what the organization's
priorities would be in the event of a crisis.
Proactive posture
A readiness on both a strategic and behavioral level to
react to changing conditions of inside and outside the
company before they become a catastrophe.
Planning strategies
The creation and assessment of goals and strategies is
important to address weaknesses with respect to the
corporate environment and its stakeholders.
Stress testing plans
The involvement of personnel in activities or
situations intended to test out reaction strategies and
validate plans
Conclusion:
This study has successfully reviewed several
sustainable business strategies during the new post-
COVID-19 normal era: Through the above topic, this
study has explored some business strategies that are
adaptable, which is currently still overshadowed by
the difficulties caused by the Covid-19 impact crisis.
Then the results of this review can be contributed by
academics, especially students in economics and
business programs. It hopes that with this input, the
International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470
@ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 673
parties can benefit both academics and business
people who are now entered a new normal era filled
with business uncertainty. As for the summary of this
study, we can conclude that when the national
economy and business atmosphere are in trouble due
to the impact of Covid-19, then one way for their
business to continue to survive and have high
sustainability is by strengthening practical strategic
input allowing it easy for them to understand and
apply them in the business field.
References:
[1] https://www.resorgs.org.nz/about-resorgs/what-
is-organisational-resilience/
[2] Arjen E.J. Wals, ‘Fostering Organizational
Sustainability Through Dialogical Interaction’
The Learning Organization, Published by
Emerald Online ISSN: 0969-6474
[3] P Malik, P Garg -Learning organization and
work engagement: The mediating role of
employee resilience, The International Journal
of Human Resource Management, International
Journal of Human Resource Management,
Volume 31, 2020 - Issue 8
[4] Brock et.al. Examination of the Relationship
between Organizational Resilience and
Organizational Sustainability at Higher
Education Institution. International Journal of
Curriculum and Instruction, v12 spec iss p329-
343 2020
[5] Nawaz and Koc (2018), Development of a
systematic framework for sustainability
management of organizations, October 2017,
Journal of Cleaner Production
[6] Kwasi Dartey-Baah, Resilient leadership: A
transformational-transactional leadership mix,
Journal of Global Responsibility, ISSN: 2041-
2568, 11 May 2015
[7] Dobie and Schneider, Development of a
process improvement matrix to measure
community level sustainability and resilience:
A collaborative case study of Rochester, NY,
USA, (2017)
[8] P Deshmukh ‘Corporate social responsibility
and education sector: Issues and remedies’
International Journal of Management, 2017
[9] Mallak, The Four Factors of Workplace
Resilience, Conference: 2017 Portland
International Conference on Management of
Engineering and Technology (PICMET)
[10] Viviane Clement From Adaptation to
Transformation: An Extended Research
Agenda for Organizational Resilience to
Adversity in the Natural Environment, Sage
Journal , July 7, 2016
[11] Elena Alexandra Mamouni Limnio et, al The
Resilience Architecture Framework: Four
Organizational archetypes, European
Management Journal 2014(32):104-116, 2012
[12] Bruno Amann & Jacques Jaussaud , Family and
non-family business resilience in an economic
downturn, Asia Pacific Business Review, 22
Aug 2011.
[13] Martina K. Linnenluecke, Resilience in
Business and Management Research: A Review
of Influential Publications and a Research
Agenda, British Academy of Management, 20
July 2015
[14] Julia Hillmann and Edeltraud Guenther,
Organizational Resilience: A Valuable
Construct for Management Research,
International Journal of Management Reviews,
Vol. 23, 7–44 (2021)
[15] Edwards and Bagozzi , On the nature and
direction of relationships between constructs
and measures,
https://www.semanticscholar.org/paper/On-the-
nature-and-direction-of-relationships-and-
Edwards-
Bagozzi/40182a101579a85f7a0af58da1d2d5f4
72a82cf0
[16] Aleksandar Aleksic et.al. An Assessment of
Organizational Resilience Potential in SME of
Process Industry, the Fuzzy Approach.

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Organizational Resilience Key to Business Sustainability

  • 1. International Journal of Trend in Scientific Research and Development (IJTSRD) Volume 7 Issue 2, March-April 2023 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470 @ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 669 Organizational Resilience and its Importance for Business Sustainability Dr. Pooja Deshmukh1 , Prof. Suchitra Mendke2 1 Associate Professor, Institute of Management and Research, MGM University, Aurangabad, Maharashtra, India 2 Assistant Professor, Institute of Management and Research, MGM University, Aurangabad, Maharashtra, India ABSTRACT Despite best efforts, some natural disasters may have lasting effects that are impossible to reverse. During the COVID-19 era, we have witnessed a variety of calamities it catapulted over the ever-evolving human interface, delivering great suffering and death to the farthest regions of our world. Borders have been closed and quarantines have been implemented. A virus has severely restricted people's freedom of movement and their ability to go about their everyday routines. The COVID-19 dilemma has affected every industry and organization in globe. This review study focuses on interrelated resilience qualities and indicators that aid with business sustainability by improving the effectiveness of business as usual (BAU), as well as the resilience and responsiveness of crisis response and recovery. KEYWORDS: COVID-19, New Normal, Organizations, Qualities and Indicators, Business Sustainability How to cite this paper: Dr. Pooja Deshmukh | Prof. Suchitra Mendke "Organizational Resilience and its Importance for Business Sustainability" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456- 6470, Volume-7 | Issue-2, April 2023, pp.669-673, URL: www.ijtsrd.com/papers/ijtsrd52179.pdf Copyright © 2023 by author (s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0) INTRODUCTION The triple bottom line, which contends that businesses should measure their environmental and social impact in addition to their financial performance, has been adopted by many modern businesses. People, planet, and profit, collectively known as "the three Ps," are these objectives. This environmentally friendly method of doing business frequently results in improved business performance. Initiatives focused on sustainability not only promote social and environmental change but also an organization's overall success. Spending more money on sustainable business practices may seem counterintuitive in order to increase a company's profitability, but studies have shown that the most profitable businesses are also the most sustainable. In 2020, COVID-19 spread around the world and the world was totally unprepared for it. It has disrupted the normalcy of the world, impacting not only the social fabric of society but most importantly poses an unseen threat to humanity. More so, the global health crisis led to severe economic fallout last year that resulted in the International Monitory Fund declaring a recession as bad as, or worse, than in 2009. Since then, numerous companies have faced unsaid difficulties. Against this backdrop, business leaders worldwide have been facing a tough time adapting to the new world order. For them, maintaining their company's viability and survival became essential. What they can do next and need to be looking at is one of the main worries that caused nervousness. Literature Review: After assessing the research papers it was found that there is no direct relation amid organizational resilience and its sustainability in the field of higher education when the literature is searched, at least as far as is currently accessible, but still some research supports that. i.e. the study of Wals and Schwarzin (2012), Malik (2014), Brock, Baldwin (Melkonyan, Gottschalk, and VP (2017), Nawaz and Koc (2018), Bell (2002), Robb (2000), ans also obanKumbal (2018), Horne III (1997), Dobie and Schneider (2017), Mallak (2018), and Wildavsky (1991) are all IJTSRD52179
  • 2. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470 @ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 670 have considered and supported. Although the idea of resilience has a long history in some academic fields (particularly psychology), it is relatively new to business and management research. Recently, the phrase "make your organization more resilient" has appeared to be popular in management practice. How to make organizations more resilient is suggested in practitioner journals or daily newspapers. Recently, the idea has picked up steam in top-tier management journals (e.g. Clement and Rivera 2017; Limnios et al. 2014; Williams et al. 2017). The concept has been criticized for being undefined and vague, which lessens its significance for practice and research even though it is thought to be promising. (e.g. Amann and Jaussaud 2012; Burnard and Bhamra 2011; Linnenluecke 2017). However, for a concept to be scientifically relevant, it must be clearly defined and quantifiable says (Bacharach 1989; Podsakoff et al. 2016; Edwards and Bagozzi 2000). Despite an increase, empirical research on organizational resilience still lacks a reliable scale for measuring it (e.g., Aleksi et al. 2013, Mallak 1998a, and Pal et al. 2014. The review by Linnenluecke (2017) demonstrates that the research in this area is dispersed across a number of research streams (employee strengths, organizational reliability, responses to external threats, adaptability of business models, and design principles that lessen supply chain vulnerabilities). Each of these research strands has created its own resilience definitions, conceptualizations, and metrics. In order to paint a complete and coherent picture of the complex construct, this paper's focus is on resilience as an organizational construct and incorporates findings from various research streams. What is organizational resilience? Organizational resilience is the capacity to weather a crisis and prosper in an unsettling environment. A strategic ability is resilience. It involves more than just surviving crises. A truly resilient organization also possesses two other crucial traits: the ability to turn crises into sources of strategic opportunity and the foresight and situation awareness to foresee potential crises before they occur. Source: https://www.resorgs.org.nz/about-resorgs/what-is-organisational-resilience Resilient to what? Each organization has its own 'perfect storm,' which is a confluence of events or circumstances that has the potential to bring that organization to its knees. A financial system's worst nightmare could be a sudden loss of customer confidence, resulting in a snowballing 'run on the bank.' For other organizations, it could be the failure of a key supplier, contamination on the production line, an unhappy employee causing destruction, and so on. Organizations are part of a larger system: While our research focuses on the resilience of organizations (businesses, government agencies, institutions, etc), an organization sits within an ecological system, and resilience is required at all levels of this system. No organization is an island. The resilience of an organization is directly related to the resilience of the other organizations on which it depends (customers, suppliers, regulators, and even competitors). A company depends on and supports the resilience of both its employees as individuals and the communities in which they live. Similarly, an organization’s resilience is directly related to the resilience of its sector, and the sector's resilience is intertwined with the resilience of the nation.
  • 3. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470 @ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 671 Objectives/ Research Questions: 1. What are the challenges for Business Sustainability in New Normal? 2. How the success of a business is dependent on resilience? 3. What are a few steps business leaders can take to make business resilient? Research Methodology: The research paper is based using secondary data, therefore qualitative in nature; only scholarly articles have been reviewed due to time constraints. The challenges: A number of businesses struggled to prevent employees from losing their jobs as the global economies took a sharp dive. Given the uncertain environment, it's been incredibly difficult for leaders to make wise choices, manage the organization's overall goal, and generate enough revenue. In actuality, the pandemic has not yet ended. It’s very difficult to predict when it will end and how many more people will suffer. The security of each individual has become the biggest need of the hour. Now, in a post-second wave, people are shattered, and they are forced to live in fear till normalcy is achieved. Managing employees’ productivity and keeping them motivated at an identical time is very important in this new work culture. Business leaders are increasingly concerned about their employees' physical and psychological states. It’s become imperative to focus on how to keep everyone mentally and physically fit till the pandemic ends and moreover how to return to the normal phase. So, although the pandemic may seem impossible for many businesses, survival and sustainability aren’t impossible. Therefore, in pursuit of true sustainability for better survival within the new normal era, what are some steps business leaders can take? Dependability of Success and Resilience: In the almost 20 years since the turn of the century, the global operating environment has changed in a rapid and dramatic fashion. Globalization, connectivity, rapid disruption, global economic swings, and even the rise of cause-based communities on social media all have picked up velocity – and created turmoil for the businesses seeking to operate with a degree of stability. We are aware that change cannot be stopped or slowed down. The only real course of action for the majority of businesses is to exert control over what they can while preparing for the possibility that they will also need to manage circumstances beyond their control. To achieve this, the organization must put in the time and effort necessary to create a culture of business resilience. Turmoil and disaster, according to history, are not a "if." They are realities of "when". Is your business poised to respond? Resilience comes from this combination of a plan, the ability to adapt it on the fly, and the ability to execute at speed when the risk materializes. The concept also encompasses the ability to recover when a crisis hit; to return to the military analogy, reverses will happen but does the organization know how to regroup and recover? Three interrelated traits and 13 indicators make up organizational resilience. These improve the effectiveness of business as usual (BAU), as well as the robustness and agility of crisis response and recovery. Leadership and culture: Leadership: Strong leadership is necessary for crisis management and decision-making, as well as ongoing evaluation of strategies and work programs against organizational goals. An example of organizational leadership is Southwest is known for its customer service. What is the best example of Southwest airlines? Airlines were compelled to suspend operations on September 11, 2001, for days as the rest of the country recovered from the terrorist attacks. Instead of following the trend, Southwest announced only three days after 9/11 that Southwest would keep all of its employees by starting the profit-sharing of $179. 8, million. Staff engagement Employees who grasp the link between their individual work, the organization's resilience, and its long-term performance are more engaged and involved. Staff members are given autonomy and are encouraged to use their expertise to solve challenges. Lets us take the example of Alphabet Inc a parent company of Google has no problem attracting top talent because the company has utilized unbeatable techniques to engage the workforce i.e Unique compensation and benefits, Staff empowerment, and autonomy: The company’s famous 20% creative time, Most employees can enjoy fully remote or hybrid work. Situation awareness Employees are urged to closely monitor the business, its operations, and any potential issues. Employees are rewarded for providing both positive and negative information about the business, including any early warning signs that are reported to management right away. Decision making Decision-making power is delegated to the staff in a way that makes it possible to respond to crises. Highly qualified personnel are employed in, or
  • 4. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470 @ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 672 capable of making, decisions where their specific knowledge offers significant value or where their participation will improve implementation. Apple. After firing him ten years prior, the board decided to rehire Steve Jobs, which resulted in amazing product innovation and the founding of one of the most valuable companies in the world. Innovation and creativity Staff members are rewarded and encouraged for utilizing their knowledge in novel ways to address new and current challenges, as well as for producing solutions in inventive and creative methods. Samsung: Harnessing the Power of the Creative Elite. As one of the world’s leading technology companies, Samsung is widely recognized as one of the most innovative conglomerates on earth and is a great open innovation example. In order to ensure that new projects are ready to adopt best practices and produce the highest Key Performance Indicator (KPIs,) their innovation management strategy entails assigning an experienced "creative elite" to take the lead on them. Networks and relationships: The following indications help identify the internal and external ties that have been established and developed for the organization to use when necessary: Effective partnerships An awareness of the relationships and resources that the organization may need from other organizations during a crisis, as well as the preparation and management necessary to ensure that access. Athletic brand Nike and technology giant Apple have been working together since the early 2000s when the first line of iPods was released. The co-branding partnership started as how to bring music from Apple to Nike customers’ workouts using the power of technology: Nike+iPod created fitness trackers and sneakers and clothing that tracked activity while connecting people to their tunes. Tracking transmitters are often built into shoes, armbands, and even basketballs to measure time, distance, heart rate, and calories burned. It’s a genius co-branding move that helps both parties provide a higher experience to customers and with the popularity of fitness tracking technology, Nike+ is ahead of the curve by making it easy for athletes to track while they play. Leveraging knowledge Staffs have access to expert opinions as needed, and important data is kept in a variety of formats and places. To ensure that important positions are always filled, roles are shared and personnel are trained. One well-known name in communication is WhatsApp. Millions of people use it all over the world, and it recently began branching out into online payments to further the interests of its users. WhatsApp did not, however, start out as the company that it is now. When considering businesses that outsource, WhatsApp is a good example because it has done so since the beginning. WhatsApp had 30 full-time employees and five part-time employees as of the year 2012. Based in Mountain View, California, they recognized the importance of controlling costs if they wanted to expand. Russia provided the solution for WhatsApp, and they were able to source development resources there for a small portion of what they would have had to pay in the US. Breaking silos Reduction of dividing social, cultural, and behavioral obstacles, which most often appear as communication roadblocks and lead to ad hoc, unconnected, and detrimental work practices. Internal resources The coordination and management of an organization's resources to preserve both its ability to function normally and its ability to provide the extra capacity required in a crisis Change ready: The following signs indicate the planning that has been done and the direction that has been set to enable the organization to be change-ready: Unity of purpose An understanding of the organization's minimum operating requirements as well as an awareness among all employees of what the organization's priorities would be in the event of a crisis. Proactive posture A readiness on both a strategic and behavioral level to react to changing conditions of inside and outside the company before they become a catastrophe. Planning strategies The creation and assessment of goals and strategies is important to address weaknesses with respect to the corporate environment and its stakeholders. Stress testing plans The involvement of personnel in activities or situations intended to test out reaction strategies and validate plans Conclusion: This study has successfully reviewed several sustainable business strategies during the new post- COVID-19 normal era: Through the above topic, this study has explored some business strategies that are adaptable, which is currently still overshadowed by the difficulties caused by the Covid-19 impact crisis. Then the results of this review can be contributed by academics, especially students in economics and business programs. It hopes that with this input, the
  • 5. International Journal of Trend in Scientific Research and Development @ www.ijtsrd.com eISSN: 2456-6470 @ IJTSRD | Unique Paper ID – IJTSRD52179 | Volume – 7 | Issue – 2 | March-April 2023 Page 673 parties can benefit both academics and business people who are now entered a new normal era filled with business uncertainty. As for the summary of this study, we can conclude that when the national economy and business atmosphere are in trouble due to the impact of Covid-19, then one way for their business to continue to survive and have high sustainability is by strengthening practical strategic input allowing it easy for them to understand and apply them in the business field. References: [1] https://www.resorgs.org.nz/about-resorgs/what- is-organisational-resilience/ [2] Arjen E.J. Wals, ‘Fostering Organizational Sustainability Through Dialogical Interaction’ The Learning Organization, Published by Emerald Online ISSN: 0969-6474 [3] P Malik, P Garg -Learning organization and work engagement: The mediating role of employee resilience, The International Journal of Human Resource Management, International Journal of Human Resource Management, Volume 31, 2020 - Issue 8 [4] Brock et.al. Examination of the Relationship between Organizational Resilience and Organizational Sustainability at Higher Education Institution. International Journal of Curriculum and Instruction, v12 spec iss p329- 343 2020 [5] Nawaz and Koc (2018), Development of a systematic framework for sustainability management of organizations, October 2017, Journal of Cleaner Production [6] Kwasi Dartey-Baah, Resilient leadership: A transformational-transactional leadership mix, Journal of Global Responsibility, ISSN: 2041- 2568, 11 May 2015 [7] Dobie and Schneider, Development of a process improvement matrix to measure community level sustainability and resilience: A collaborative case study of Rochester, NY, USA, (2017) [8] P Deshmukh ‘Corporate social responsibility and education sector: Issues and remedies’ International Journal of Management, 2017 [9] Mallak, The Four Factors of Workplace Resilience, Conference: 2017 Portland International Conference on Management of Engineering and Technology (PICMET) [10] Viviane Clement From Adaptation to Transformation: An Extended Research Agenda for Organizational Resilience to Adversity in the Natural Environment, Sage Journal , July 7, 2016 [11] Elena Alexandra Mamouni Limnio et, al The Resilience Architecture Framework: Four Organizational archetypes, European Management Journal 2014(32):104-116, 2012 [12] Bruno Amann & Jacques Jaussaud , Family and non-family business resilience in an economic downturn, Asia Pacific Business Review, 22 Aug 2011. [13] Martina K. Linnenluecke, Resilience in Business and Management Research: A Review of Influential Publications and a Research Agenda, British Academy of Management, 20 July 2015 [14] Julia Hillmann and Edeltraud Guenther, Organizational Resilience: A Valuable Construct for Management Research, International Journal of Management Reviews, Vol. 23, 7–44 (2021) [15] Edwards and Bagozzi , On the nature and direction of relationships between constructs and measures, https://www.semanticscholar.org/paper/On-the- nature-and-direction-of-relationships-and- Edwards- Bagozzi/40182a101579a85f7a0af58da1d2d5f4 72a82cf0 [16] Aleksandar Aleksic et.al. An Assessment of Organizational Resilience Potential in SME of Process Industry, the Fuzzy Approach.