Building a resilient digital enterprise
Organisations faced the ultimate test of resilience when the COVID-19 pandemic struck and all of a sudden they had to find new ways of working and of serving their customers.
While Australia seems to have passed the worst of the pandemic crisis, many organisations are reassessing their resilience and considering how their systems and people can be stronger and more adaptable in the future…
Dispelling five myths on business resilience
The Covid-19 pandemic, while horrific on a social and economic level, is just the latest in a long series of convulsions that expose the vulnerabilities or brittle characteristics of unprepared companies.
The combinatorial nature of many risks demands that companies identify and mitigate risks for the entire business.
Recent years have brought major shocks, including international trade wars, a plunge in oil prices and a financial crisis – each of which pulled the rug out from exposed companies. An increased march of government interventions has started to limit the options of technology giants.
Covid-19 has clearly made resilience a necessity for companies in all sectors. And the turbulence looks set to continue as globalisation unwinds, inequality rises, new technological risks emerge, and the effects of climate change manifest themselves more regularly and severely. Yet the dynamics of resilience aren’t always well understood by senior executives and boards of directors. In our recent conversations with business leaders, we’ve come to recognise five stubborn myths that distort the discussion. Dispelling these myths is the first step on the road to resilience…