Business resilience results from the interplay of many factors. Business resilience isn’t built overnight, nor is it built one time for all time, it is dynamic. It needs to be built into a business, monitored, tweaked and nurtured. It’s important to regularly scan your business to ensure that you have all the components of business resilience in place.
Do you regularly monitor the external environment of your business to detect threats (and opportunities) ?
Do you have a plan to avoid or to mitigate the impacts that different crises could have on your business?
Do you have an agile, innovative organisational culture that enables you to adapt to a crisis and to pivot if necessary?
Do you have diversified sources of income?
How well do you know your clients and target customers?
Have you built strong support systems among a local or even virtual business community?
Do you deliver appropriate and timely Communications – internally and externally?
How robust are your supply chains?
Do you have strong financial management ?
Get Clarity – Take Action – Build Resilience