Resilience and robustness are words that now play a dominant part in any discussion on business best practice. Whether the focus is financial performance, the supply chain or information technology (IT), resilience and robustness are now viewed as being absolutely crucial to the success of any organisation.
At the time of writing, leading economists are warning that the second Covid-19 lockdown in England, starting on 5 November 2020, will push the UK into a double-dip recession. This brings the themes covered in this White Paper into even sharper focus.
Why resilience planning has moved up the agenda
The area of operational risk and resilience has been transformed dramatically as a result of the Covid-19 pandemic. As well as the risks associated with the effects of the pandemic on their own business, many companies have experienced problems because a partner or supplier has been hit by unavailability of resources and/or staff.
Business continuity planning (BCP) is no longer just about keeping the business up and running in the event of incidents such as a flood or fire. Now, organisations are focusing on understanding the exact flow of information through the business; identifying which information is mission critical, and ensuring that they have resilient – and streamlined – infrastructure in place to access this information at all times, from any location.
Previously considered to be firmly within the domain of the business continuity manager or the IT manager, responsibility for resilience planning is now distributed across various roles and functions, and is often now a topic for discussion within the boardroom.
Sign up to our newsletter
– to stay up to date and gain access to regular bulletins, news and our insight on current events
IN OUR LATEST NEWSLETTER
“Business continuity in a recession”
– as the double-dip looms, our November White Paper spotlights operational risk
“Crisis management helps a company to cope with the sudden death of its CEO”
– this month’s featured case study
“Tips for productively working from home”
– our latest Snapshot outlines seven ways to avoid getting sidetracked
“Competitive advantage and USPs”
– if you’re not sure what yours are, watch our November video
“Generous leaders win in the end”
– guest author Gary Coulton, CEO of Adaptive Intelligence Consulting, explains why