Performance, Resilience and Agility Must be the New Construct
The “silver lining” of the Covid-19 crisis is the new insights that have emerged to aid organizations in transforming for stronger performance through effective risk management.
Risk programs must become more closely aligned with resilience and strategic objectives, so that businesses will be better prepared to respond quickly to the next crisis. Meanwhile, as the risk intelligence of leaders improves, so also will the speed and quality of decision-making.
Proactive and Preventative rather than reactive processes must also become the new mantra as organizations engage emerging technologies to proactively anticipate and respond to emerging risks. Finally, performance with an enhanced risk culture and a robust risk governance structure will matter more than ever.
The emphasis must be on improving organizational leadership not just through ethics or social purpose, but also through better resilience planning and better risk management.
Have a proactive and safe week ahead!