Bouncing back: New report on how business leaders overcame adversity

The Chartered Management Institute has just released a report that gives insight into how managers cope with adversity. 
The findings of the report, and the recommendations that it makes, are in line with what we experience.
Understanding and managing risk (through tools such as the bow tie) and building a culture where failures are seen as an opportunity to learn (through effective investigation) are at the core of what we do. 

The Chartered Management Institute (CMI) is the only chartered professional body for management and leadership, dedicated to improving managers’ skills and growing the number of qualified managers. 

Follow the CMI on Twitter at @cmi_managers: if you're based in the South West of England you can follow the regional branch at @CMISouthWest.

The CMI's recommendations for improving managerial resilience include:

1. Make it OK to fail. Failure as a step on the way to success should be the new normal. 
2. Develop risk tolerance – Build up risk tolerance through creating a culture geared towards accountability. 
3. Encourage managers to accept, re-evaluate and face forward – Help managers to gain a sense of perspective by stepping outside the situation. 
4. Foster a balanced mind-set and humility – Ensure a dose of realism and measured reactions by regularly reviewing best and worst case outcomes. 
5. Offer mentors – Recognise the power of learning from mistakes.
   
6. Build support networks – Strong personal networks can soften the blow of a crisis.