What is operational resilience?
Operational resilience is the organization’s ability to anticipate, prepare for, respond to, and recover from unexpected disruptions while maintaining core services. Maintaining and improving resilience involves proactively building the capacity to absorb incidents and adapt to changes. Operational resilience covers initiatives that enhance business continuity management by focusing on the impacts, risk appetite, and tolerance levels for product or service delivery disruptions.
Why is operational resilience management important?
Operational resilience management has become crucial for organizations due to increased disruptive events, such as natural disasters, geopolitical events, technological failures, or other unforeseen crises. Operational disruptions and the unavailability of critical business services can cause significant harm to consumers, risk market integrity, and threaten the viability of organizations. Operational resilience management enables organizations to protect against these risks and leverage them as opportunities for growth.
Ultimately, resilience allows organizations to recover swiftly from difficulties, maintain continuity, and achieve sustainable growth in a constantly changing landscape. By fostering a culture that embraces adaptability and continuous improvement, organizations can better respond to shifts in customer expectations, demand patterns, and industry structures. This transformation enhances operational efficiency and boosts financial and cultural value, driving long-term strategic advantage.
