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In this post, we have discussed the cloud benefits and how to get maximum benefit are listed like- reduction in IT cost, automatic updates, the flexibility of the work practice, etc.
And given the constantly evolving threat landscape, a more dynamic response is needed.
Integrating key systems with an Integrated Business Management System (IBMS) is one of the most effective ways of consolidating siloed information and uniting disparate departments, enabling leaders to get a more holistic view of the whole organisation and become more agile to deal with adversity.What is Organisational Resilience?In the Harvard Business Review article ‘The Quest for Resilience’ by Gary Hamel and Liisa Välikangas, resilience is defined in an organisational context as the perpetual awareness and adjustment to “deep, secular trends that can permanently impair the earning power of a core business.
Simply put, it’s about being proactive, not reactive.That means organisations should be holistically ready for change, rather than reactive to one-time crises or setbacks.
This covers every aspect of the organisation, including these 10 core business processes:MarketingHuman ResourcesGovernanceFinancial AnalysisManagementSalesProduct / Service DevelopmentProduct/Service DeliveryAccountingTechnologyTraditionally, all these functions and processes operate in silos.
It needs to be seamless and aligned, without friction.
An IBMS empowers the organisation to link all of these business-critical functions together into one central repository of information and intelligence.Additionally, organisational resilience can be broken down into four key areas:The anticipation of the threats (insurance awareness, strategic risk, operational risk, financial risk, business continuity),Protection and planning (information and cyber security, governance, compliance, and audit),Response (crisis management, communications, disaster recovery, business continuity) andRecovery (business continuity, insurance, leadership, IT).A Proactive vs Reactive Approach to Organisational ResilienceKeeping up with the pace of change and disruption in the digital era is difficult.
Netrika provides a business continuity management system (BCMS), a holistic management process that helps you to process of organization undertakes to expose internal and external threats and carry out a risk assessment.
