Business resilience is the ability to rapidly adapt and respond to business disruptions, safeguard people and assets, while maintaining continuous business operations to manage risk.
Business resilience planning provides guidance for ensuring the ability of employees to respond, resume, and restore to a pre-determined level of operation following a disruption. Business resilience planning could make or break your organisation
Just as it is important to know which functions, resources and employees are needed to keep you in business, it is important to know what can push you out of business as well. Effective business resilience planning includes establishing an acceptable minimum level of operations. A critical step in becoming a resilient organisation is understanding what your vulnerabilities are so that you can prepare to stay in business.
Helping you build your business resilience and improve your risk management
YTKO can help you execute a business resilience plan to help manage risk to ensure that you remain in business if another pandemic or similar crisis arises.
“An exceptional event such as COVID-19 forced me to pivot and make swift decisions to ensure my offering remains relevant and I can keep my business afloat.”
Nadia Millinship
Founder, Club Kombat