E061: Part 1: How to build resiliency into your business
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The Stockdale Paradox and Business Survival
The Stockdale Paradox emphasizes the necessity of holding two contradictory ideas simultaneously during challenging times. It involves maintaining a belief that you will overcome obstacles while also accepting the harsh realities of the situation. In a business context, this means acknowledging poor performance and challenges while still having faith in overcoming the difficulties and creating value. Organizations often struggle to balance these aspects, swinging between excessive optimism and ignoring problems, or becoming overly pessimistic about the future.
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