Not being at the mercy of the crisis with corporate resilience
According to experts, 2020 could be the year of the next major economic crisis. High time for companies to prepare for it. Companies are therefore well advised to take measures for corporate resilience or organizational resilience.
Organizational resilience or corporate resilience strengthens the ability of a company or organization to systematically prepare for current and future negative influences and to adapt to them in such a way that damage is avoided and future viability is maintained. This resilience is achieved through skillful interaction of diverse management systems. These include information security, compliance, business continuity, risk management as well as service management, quality management, human resources management and innovation management.
Arming yourself against challenges with business resilience
"Today, companies have to adapt to changes faster than ever. Globalization, digitization, ever shorter innovation cycles and many other influencing factors demand a high level of dynamism and flexibility. At the same time, the requirements for information security, quality, compliance, etc. are increasing. This makes it all the more important today to strengthen the resilience of an organizational or business management system," explains Ulrich Heun, Managing Director of the Limburg-based consulting firm Carmao GmbH, for example.
Organizational resilience aims to ensure that a company is resilient to the dynamic environment and associated negative influences. Through coordinated resilience measures, the company becomes more resistant because the immune system of the organizational organism is strengthened. This is not just about increasing efficiency through clever integration of management systems, but also about creating new forecasting capabilities for future challenges. This is the basis for avoiding a crisis or remaining capable of acting in a crisis.
From protected data to sensitized personnel and innovations
To achieve corporate resilience, the relevant structures and processes must be designed accordingly. This is achieved through management systems that work together: Information security, compliance, business continuity, risk management as well as service management, quality management, human resources management and innovation management. These are the central building blocks whose implementation and interlinking lead to corporate resilience.
"Getting employees and business partners on board at all levels is crucial to achieving end-to-end resilience," explains Ulrich Heun, adding: "In the course of digitization and networking, it is also becoming increasingly important today how innovations and new business models are handled. For example, in terms of data protection, when several participants in a value chain are networked with each other. In all areas related to organizational resilience, we offer appropriate consulting and services for the seamless integration of the various sub-disciplines. This ranges from the analysis of linkages and the identification of problems to methodical implementation and accompanying training or education to enable employees to implement resilience measures independently."
Source: Carmao Ltd.