With the increase of competitors in every sector, organizational Darwinism comes into action. Only the fittest of the fit will survive the race to success. However, various factors determine this fitness.
While, on one hand, there is the need to maintain quality of products and/or services, on the other hand, there needs to be continuous upkeep of critical operations, mediums of feedback from clients, customers, and most importantly maintaining a firm footing in the market, regardless of any crisis that might be ongoing, internally or externally. When a plan to keep these critical operations running has been zeroed in on, half the battle has already been won!
What is Organizational Resilience and how has it become a mandate in Organizations?
Downtime for any organization means potential financial loss, if not losing their professional credibility and reputation amidst their existing clientele! However, organizations are made of human beings as the primary assets, which means they are vulnerable to the same elements that affect human establishments, daily life and technologies. Therefore, comes the need for a time-to-time check on the overall organizational resilience against these threats.
This state of organizational resilience can be achieved through systematic processes of strategic planning and enforcing of protocols for risk assessment, business impact analysis, crisis management and disaster recovery during and after a crisis, through our automated BCMS or Business Continuity Management System known as AutoBCM. As of this minute, owing to the necessary service it provides to businesses, it is absolutely deserving of the limelight for being the need of the hour!
The Game Must Go On!
On a frequent, if not an everyday basis, a crisis arises having originated from naturally occurring, hence unavoidable, events such earthquakes, Tsunamis, geomagnetic solar flares and severe weather conditions like powerful winds, blizzards, storms forest fires, flash floods or regional political instabilities are potential threats to business continuity. To recover from crises like these, organizations will have to set aside some time allotted to disaster recovery, which could get extended without proper planning.
For bigger crises, the risk also increases significantly. For instance, since early 2020, there’s the Covid-19 Pandemic that has restructured the entire world as a distortion of the world we all knew it. This is what gave the final push to businesses to realize that organizational resilience is the only ‘how’ they can survive disruptions like these, that temporarily blind the masses.
Apart from these, some human activities and behaviors pose as potential threats to disrupt organizational functioning on a major scale, especially internet crimes of hacking and holding resources hostage to extract profits. For instance, let’s take a look at the case story of the Colonial Pipeline System of the US, which was hacked into by a group of unidentified cybercriminals through malicious ransomware on May 7th 2021. Colonial Co. had to stop its operations to contain the attack.
Several hours later, Colonial Pipeline had to pay the total ransom of USD 4.4 Million in Bitcoin Currency to the hackers to regain control of their systems and resume operations. This wouldn’t have happened had there been an arbitrary strategy or plan to keep working around the attack and stop them from taking the entire organization hostage or keep functioning around the attack. All for the sake of the game that has to go on!
AutoBCM has measures that allows users to halt a disruption in its tracks, implement disaster recovery protocol in seconds after crisis hit, with just a click of the button! With a quick and intelligent crisis response machination, users don’t have to worry about informing or conveying the relevant parties about the next steps that need to be employed, instead of flailing in the dark as it has known to have happened with the breakdown of the regular mediums of communication that usually happens during a crisis.
So, why you really need Organizational Resilience?
Whether it be about becoming collateral damage to natural hazards or falling prey to cybercrime, a crisis is a crisis. Disasters have shown up time and again in different shapes and sizes, and businesses have had to incur unaccountable losses, without a single fault in their going-by-the-rule-book administration. Since some things like these unanticipated disasters are beyond possible human control – even cyberattacks because hackers will hack any system with their above-average intellect!
With all that’s going wrong with the world, human nature paves the path for innovation of existing technologies and invention of defensive measures to stand up to the challenge. To counter these threats to business continuity arising rapidly in this age, we developed AutoBCM Enterprise Resilience solution.
Today a pioneer in business continuity management, it remains an all-in-one solution to survive a crisis. It lets you stay one step ahead, by planning a way that makes its way around the crisis and provides you with an opportunity regardless. This way of being resilient is empowering in the long run, and you build an aura of trustworthiness that consolidates your position in the market amongst your peers for years to come.