Covid-19 and the risk of future recurring pandemics, climate change and extreme weather changes, globalization and challenges emerging from an interconnected world, terrorism and cyber-attacks: organizational resilience today is more than ever, an essential element for every system and must enter in a wider risk management strategy. IRM, the International Risk Management of UK, proposes a guide that parts from the current situation, presents some indications for measuring the resilience and gives suggestions on how to communicate the results.
The diffusion and the concept of the word “resilience” has become more increased, and more sectors are modifying their strategies in this direction. The best practice is presented by the financial services sector: according to one research by Ernst & Young, 80% of the businesses in the industry felt prepared for a disruptive event like the pandemics. However, the same percentage of companies in other industries have stated the contrary.
The guide proposed by IRM presents the actual situation of the organizational resilience, exploring the measure in which it is incorporated in business models and how it is valued, in what way is it possible to measure it, with which KPI’s and KRI’s it can be related to and how to communicate it to the board and to the stakeholders. It is possible to consult the document by downloading the attached PDF.
