Strategies for Building Resilience

Resilience is a watchword for every risk management team and every governing board. Resilience represents the ability of entities to avoid, prevent, adapt, respond to, recover from, and learn from operational disruptions.[i] While ensuring business continuity is a key aspect of business resilience, ....

When discerning what the pandemic taught us about business resilience, the lessons contain good news and bad news. On a positive note, we learned that effective business resilience, much like psychological resilience, is the result of “ordinary magic.” Organizations that demonstrated the grea ....

Click through articles on business resilience and you’ll find more Three Little Pigs analogies than you can shake a straw, stick or brick at. The comparison makes sense from a strategic perspective: the more expertise, money and care an organization invests in building a sound risk management stru ....

Risk Operations Centers provide a single, centralized resource point for risk and resiliency governance. When incorporated into organizational governance regimes they can provide real-time, ongoing horizon scanning and predictive information. To be practical, there must be the capacity to receive, a ....

While the scope and nature of an organizational emergency is hard to predict, between the COVID pandemic, the SolarWinds Cyberattack and innumerable ransomware attacks, modern times demonstrate that emergencies are guaranteed to arise. “In today’s fast-moving, electronic world, your reputation c ....

How do we actually address Supply Chain Concentration and Resilience Risk? Disaster has a way of bringing 'supply chain’ into the common lexicon. In the aftermath of the 2011 Tohoku earthquake, major companies including Apple and Toyota experienced shortages of components manufactured in Japan.   ....