Business Today

The Way To Resilience

Operating without a margin of safety could lead to dire consequences.

In Jim Collin's book Great by Choice, the author describes Amundsen's and Scott's radically opposite approaches in their race to the South Pole. More than a century ago, Norwegian explorer Roald Amundsen and four teammates attained the distinctive title of being the first men to reach the South Pole, claiming victory five weeks ahead of Robert Scott. The Amundsen crew returned safely to its base, but Scott and his four British companions died on the return journey, succumbing to exhaustion, frostbite, starvation, fatigue and less foreseeable causes such as poor organisation, lack of planning and overconfidence. Amundsen's approach was to use a

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