BUSINESS SECURITY AND RESILIENCE
published at - 2 June 2022

WHAT IS SECURITY AND RESILIENCE

Organizational resilience is an organization's ability to absorb and adapt in a changing environment in order to deliver on its objectives and survive and prosper. More resilient businesses can foresee and respond to dangers and opportunities that arise as a result of abrupt or gradual changes in their internal and external environments. Increasing resilience may be a strategic corporate aim, and it is the result of solid business practices and effective risk management. The resilience of an organization is influenced by a unique interaction and combination of strategic and operational factors. There is no absolute metric or clear aim; organizations can only be more or less resilient.

Commitment to enhanced organizational resilience contributes to:

-An improved ability to anticipate and address risks and vulnerabilities;

-Increased coordination and integration of management disciplines to improve coherence and performance;

-A greater understanding of interested parties and dependencies that support strategic goals, and objectives.

RESILIENCE PRINCIPALS

The principles serve as the foundation for developing, implementing, and evaluating a framework and strategy to improve organizational resilience.

An organization’s resilience:

a) is enhanced when behavior is aligned with a shared vision and purpose;

b) relies upon an up-to-date understanding of an organization’s context;

c) relies upon an ability to absorb, adapt and effectively respond to change;

d) relies upon good governance and management;

e) is supported by a diversity of skills, leadership, knowledge and experience;

f) is enhanced by coordination across management disciplines and contributions from technical and scientific areas of expertise;

g) relies upon effectively managing risk.

WHAT IS THE MANAGEMENT DISCIPLINES

Management disciplines that can support organizational resilience are:

Asset management, business continuity management, crisis management, cyber security management; communications management; emergency management; environmental management; facilities management; financial control; fraud control; governance; health and safety management; human resources management; information security management; — information, communications and technology; physical security management; quality management; risk management; — supply chain management; strategic planning.