Adaptabilty is the ability of an entity to maintain internal stability and external equilibrium when changes occur in its external environment.
There are two components to adaptability—speed and resilience.
The speed or agility with which an entity is able to adapt is very important in improving the entity’s chances of survival.
The resilience of an entity is a measure of the scope or range of changes or shocks that an entity can successfully withstand and quickly bounce back to internal stability and external equilibrium. The more resilience an entity possesses, the greater will be its ability to adapt and thereby survive and thrive.
Chapter 4: Implications for Leadershp Development