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Book Review: Resilience – Why Things Bounce Back by Andrew Zolli and Ann Marie Healy

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Why Things Bounce Back by Zolli and Healy explains how to survive and thrive in the dynamic environment that characterizes life in today’s world. The authors blaze new trails for leaders in academe, business, science, government, and the social sciences.

The approaches in this book also explain how to manage phenomena in systems that are in equilibrium or disequilibrium. The authors show how one system can break down unexpectedly while another moves forward. Volatility has become the new norm in places like the stock market, intermarkets, and foreign bourses.

The authors explain the need to make derivative transactions more transparent. A central counterparty clearinghouse is mentioned as a way to guarantee that each party pays out on a contract by setting aside sufficient settlement capital.

According to the authors, systems should be designed modularly in order to anticipate high volatility and change; that is modular systems and processes function more optimally than static systems under changed circumstances assumptions or conditions.

A modular structure implies simplicity and interoperability. Examples of such systems include cloud computing, as well as expert systems in artificial intelligence. Systems may run very slowly or unpredictably at important plateaus, threshold points, or points on the verge of a breakdown.

In human relations, managers must stay optimistic and confident in order to protect against stressors in an operational environment. Individuals find a similar problem with handling practical life issues.

The authors point toward the need for individuals to articulate a purpose in life. Next, each person needs to probe to determine how to influence the surroundings positively. Both positive and negative experiences are factors in shaping personal and even institutional growth and maturity.

Why Things Bounce Back by Zolli and Healy explains the dynamics of structuring systems and anticipating change in an unpredictable world. The presentation is easy to understand and the examples provided by the authors are topical and practical.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.