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Across the globe, we've all been forced to become more resilient in the wake of the pandemic - as individuals, as employees, as employers and, of course, as organizations.
But while all the workshops and town hall meetings are abuzz with great ideas about resilience, animated talk, and good intentions, one thing post-pandemic is certain:
This is the only way to get buy-in up and down the enterprise-and across global teams and time zones. However, before that happens, all stakeholders need to agree on what the complex-and often misunderstood-topic of business resilience means and how buzzwords like it can impact the flow of information and the bottom line.
Today, with so many overlapping legacy terms like "disaster recovery" and "business continuity," it's easy to understand the post-COVID confusion. The trick is getting all parties to see that the immediacy of disaster recovery and the efficiency efforts behind business continuity are all components of the larger, longer-term topic of "resilience," which is essentially building organizations that are nimble, flexible and able to withstand both expected and unexpected shocks. With executive-level clarity on resilience, budgets and resources are more likely to follow.
To bring your cross-functional teams up to speed on the 4 Pillars of Modern Resilience, check out the snapshot below.
Then read the full 2022 Economist Impact Global Study, sponsored by Iron Mountain.
Sure, the promise of flex hours and schedule options is a wonderful thing, except when you start to wrap your head around the impact on your staff, their productivity, and your culture and communications.
While almost 80% of executives realize that having an agile workforce is a much bigger priority since the pandemic, they have plenty of work to do in these areas:
Did you know…80% of company leaders have bought into the importance of resilience.
While “buy-in” can mean different things at different organizations, you’ll only get past cross-functional planning and collaboration stages when efficiencies and consistent approval processes are embraced up and down the org. chart. Short of this, your implementation will likely come up shy of :
Did you know…Over 60% of business leaders see the critical necessity to assess risk and consider new information tools and technologies.
Don’t fall into the 40+ percentile that has blinders on. As you surely know, post-pandemic IT cyber security risk is higher than ever. To harness it, organizations of all sizes have increased investments in hybrid work data protection and security applications. This way, proprietary information and digital assets remain as they should — proprietary.
Did you know…80% of executives agree that having dedicated sustainability staff and resources is more important than ever. 85% say more assessment and awareness of climate change risk to their business is necessary.
The only way to go from pontification to implementation is to educate all ESG (environmental, social, and governance) stakeholders, including customers, employees, suppliers, communities, and, of course, shareholders and investors, of the broader business and social implications. ESG strategies and opportunities are not fads or feel-good exercises. They are critical to doing business in an ever-changing world.
Bottom line: research shows that across the board there’s a strong positive relationship between business resilience and performance. Perhaps if we can all align on the terminology first, we can elevate resilience on the big strategy board with the resources and metrics to back it up.