Brian Sims
Editor
Brian Sims
Editor
RESILIENCE FIRST and Cranfield University have combined to develop and introduce a new Model for Organisational Resilience, which provides a practical means for organisations to create inherent resilience (defined as their ability to absorb severe adverse events) according to their risk appetite and also to determine whether this resilience is sufficient to defend against future events.
The world finds itself in a period of unprecedented levels of volatility, disruption and change. As a direct result, resilience has become common language, but it’s often poorly defined and understood.
It’s against this backdrop that Resilience First and Cranfield University have delivered the new model for organisational resilience alongside some initial illustrative ‘essential outcomes’ and indicators designed to support organisations’ implementation of the model.
The Model for Organisational Resilience expands on this definition and introduces a measurement framework based around five key dimensions: social, financial, workforce, infrastructure and environment.
Together, they form the core of a strategic business approach and support resilience by ensuring that organisations can:
*anticipate change and address vulnerabilities proactively
*absorb the impacts of change or disruption effectively
*adapt strategy and business models to a changed (or changing) context
Determining what matters
The Model for Organisational Resilience requires organisations to determine what matters from a resilience perspective (ie the aforementioned ‘essential outcomes’), set targets (ie resilience indicators) and measure effectiveness (through stress testing and from the lessons learned as a result of real-world events).
The new Model for Organisational Resilience was initially previewed on 9 October with over 150 resilience professionals joining Resilience First executive director Rick Cudworth and Cranfield University’s Professor David Denyer for a virtual preview of the model.
Resilience First members were later given an exclusive ‘deep dive’ on the new Model for Organisational Resilience.
Resilience First has extended its thanks to supporters including HSBC, Santander, Deloitte and International SOS.
*For those practitioners who missed the introductory online sessions, the links to the recordings are as follows:
Webinar 1 (9 October 2024)
Webinar 2 (23 October 2024)
