In a turbulent world where companies are trying to realign their resources faster than the competition, resilience is defined as the capability to absorb strain and recover from untoward events through continuous reconstruction (Coutu, 2002). Resilience implies a capacity to be robust under conditions of stress and change. It can be achieved by creating and maintaining cognitive, emotional, relational, or structural capabilities sufficiently convertible and malleable to cope with a dynamic environment. In the competitive marketplace, many countries are making the transition from technology-importing, efficiency-based development to innovation-based development. Organizations located in so-called '1st world' economies are increasingly concerned with making local enterprises more resilient in their current location and firms in '3rd world' economies are keen to establish and retain knowledge-based economic activities.
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