Resilient organisations are able to rapidly recover from sudden disruption or sustained interruption of their operational continuity. This means they can return their focus to their strategy for development and resume growth much sooner than they otherwise would. Resilience is therefore a highly desirable capability for any business to possess, especially in these extraordinary times. But how does a company become resilient?
The Horsemen, from experience, know that no matter what other steps are taken, these core topics must be addressed: monitoring failures, managing complexity, anticipatory thinking, questioning assumptions, understanding capability and criticality, listening, creativity and innovation, and adaptive decision making.
Using the landing of US Airways Flight 1549 in the Hudson will again form the basis of our Master Class – it will be an unforgettable learning experience!
Whether you are a multi-national organisation or a person on a plane, your objectives face internal and external factors that create uncertainty as to if, when and how they will be met or surpassed. Objectives give insight into your purpose and articulate what you want to achieve. If constructed properly, objectives reflect your values and may explicitly or implicitly reflect on the stakeholders you have an impact on and those that may be impacted by you.
Because risk is all about the uncertainty on your objectives (ISO31000), it is therefore critical that you have an effective risk management framework to ensure your “survival”.
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