- Patrick Potter
Best Practices for Reducing Risk and Building Business Resilience
Can your organization respond to a major disruption without incurring losses or other negative impacts? Unfortunately, Gartner reports that only 12% of organizations are able to do so. With today’s evolving threats of geopolitical events, economic downturns, supply chain disruptions, pandemics, and complex technology-related issues, it is crucial for organizations to become resilient.
A resilient business is one that is able to quickly respond to, and recover from, these types of events while minimizing the impact on the business and its stakeholders. Some key components of business resiliency include:
Risk management: Identifying potential risks and taking proactive steps to reduce their impact on the business.
Business prioritization: Focusing efforts to make the most important business services and supporting processes, people, and technologies resilient.
Continuity planning: Developing plans and processes to ensure that critical business functions can continue in the event of a disruption.
Crisis management: Having a clear and structured approach to managing crises, including communication plans and decision-making frameworks.
Flexibility and adaptability: Being able to quickly adapt to changing circumstances and make decisions based on new information.
A resilient business is one that is able to quickly respond to and recover from disruptive events while minimizing impact on the business and its stakeholders. But building business resilience goes beyond responding to risks and disruptions. You need to create a sustainable organization that can withstand unforeseen challenges and emerge stronger and more prepared.
Archer invites you to register for our upcoming webinar on June 22, 2:00 pm EDT, Best Practices for Reducing Risk and Building Business Resilience, to:
Discover the top risks your organization should be planning for in today's complex business landscape.
Learn about best practices for building business resiliency, from risk identification and evaluation to implementing resilience measures.
Gain insights into creating a resilient organization that can withstand unforeseen challenges and emerge stronger and more prepared.
For more information about how Archer can help your organization become resilient, check out Archer Business Resiliency.