Managing Risk
The Organizational Resilience Framework is comprised of twelve systems or functional areas that commonly manage risk often referred to as “operational” resilience. Each of these systems must be implemented as a single framework. It is essential to eliminate silos.
While there is no single strategy or solution to make an organization resilient, an organization can enhance its resilience by:
- Strengthening of individual systems or functional areas of the organization that manage risk and doing so in an integrated and coordinated manner.
- Building a culture that ensures the organization behaves in a healthy manner.
- Increasing its adaptive capacity and ability to manage change.
Each of these aspects plays an important role in building a more resilient organization, but implemented as a framework and as an integrated strategy will bring the most benefit.
