In order to ensure the continuity of a business, Building Resilience must be a key factor in the organizational strategy. In this session you will learn a simple and effective framework to develop business resilience in your organization. As part of this framework, I will explain how to run crisis simulations and how those simulations help organizations not only to be prepared to overcome extreme changes in the market and adapt more quickly to new conditions, but also to become the disruptive change within the market.
Before COVID-19, 2,000 companies participated in the 2019 Global Crisis Survey, 69% have experienced a crisis in the last 5 years and just under 20% say they have been harmed by such experience. Meanwhile, more than 40% say they are "in a better place" after the crisis.
We are now going through a global crisis and we are all experiencing the effect of being unprepared. Some companies will end up strengthening in the new normal, others will end up destroyed.
Even in 2019 only 5% of surveyed companies stated that they do not expect to experience a crisis in the future, and that was before COVID-19. What will this crisis bring to your business? Is your company ready for the next disruption? Do you decide to prepare or accept the cost of not being ready?
5. "Particularly tough events can harm us psychologically. In
contrast, milder problems help people develop their ability
to cope with periods of emotional pain and trauma."
- Association for Psychological Science, USA
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12. Business Resilience: the ability to rapidly adapt and
respond to business disruptions, safeguard people and
assets, while maintaining continuous business operations.
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