“Resilience” the new trait

In an interconnected, volatile and uncertain world, it’s clear that the risk landscape is changing dramatically. What once seemed unlikely or even remote have become the norm, so leaders must now “expect the unexpected”, and therefore, companies must develop a new trait: “resilience”. Organizations that understand and can manage their risks effectively are better placed to grow and prosper.

How does this affect you?

Most businesses are now focusing on risk management as well as risk resilience. They’re exploring better ways of managing unpredictable threats, as well as revisiting with their remuneration schemes to inspire more risk-aware behavior and tearing down internal barriers to ensure a holistic organizational response to risk.
Also using scenario-planning as well as implementing new processes and incentives to help bridge the gap between their strategic and operational risk tactics, thus fostering a risk-awareness culture.