Impact Tolerance and its Benefits


Posted April 20, 2023 by GieomWork

Impact tolerance refers to the ability of a system or material to withstand and absorb the energy of an impact without being permanently damaged or failing.

 
"Impact tolerance is the ability of an individual or organization to withstand and cope with the negative effects or consequences of a particular action or decision. Impact tolerance involves accepting and managing the potential risks and uncertainties associated with a decision or action, even if it results in some negative consequences.

Benefits of impact tolerance include:

Innovation and growth: By being willing to take risks and tolerate potential negative consequences, individuals and organizations are more likely to experiment and innovate, which can lead to growth and progress.

Resilience: Impact tolerance helps individuals and organizations to become more resilient, by developing the ability to recover quickly from setbacks and adapt to changing circumstances.

Learning and improvement: When individuals and organizations are willing to take risks and tolerate the potential negative consequences of their actions, they are more likely to learn from their experiences and improve their decision-making processes over time.

Confidence and leadership: Impact tolerance can help individuals and organizations to build confidence in their abilities to handle challenges and uncertainties, which can lead to increased leadership and influence in their fields.
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Issued By Gieom
Country Ireland
Categories Banking
Tags operational resilience , operational resilience framework , impact tolerance
Last Updated April 20, 2023