Five steps to help you discover Organizational Resilience
What is Organizational Resilience?
Organizational Resilience can be defined as ‘The capability of an organization to tackle unpredictable and hostile circumstances through steadfastness, proper measures and effective responses.’ Organizational Resilience helps an organization to combat with disruptive and unforeseen forces through sheer management in order to succeed, prosper and benefit those involved.
Organizational Resilience teaches an organization to hold their ground when exposed to chaotic harm or disputes that threaten to break an enterprise apart. Over the years, organizations and enterprises have faced unprecedented changes on an economical scale, globally. Such unforeseen changes can also threaten the organization’s geopolitical position in the market.
Today, businesses and enterprises demand economic stability and the conforming agility to thrive. However, businesses tend to go through a continuous spiral of economic instability which threatens to jolt the global market with uncertainties. In a situation when an enterprise is exposed to hostilities, Organizational Resilience allows it to emerge as an unbreakable and unfathomable influence that cherishes the efforts of the contributing forces at par.
Introduction to Organizational Resilience
Find out how this collaborative approach can help your organization anticipate risks and respond effectively to threats and opportunities.
Five key steps to help you discover Organizational Resilience
In order to discover Organizational Resilience, a company or an enterprise has to embrace risks and opportunities which will either promote excellence or a breakthrough towards a separate contingency plan. Mentioned below are five key steps that can help a company to move towards concerns that benefit people as a whole.
1) Ultimate Risk Management:
An enterprise can handle untimely risks only under the shade of Organizational Resilience. However, the arising question here is how can an enterprise battle risks with bravery and achieve victory at the same time? Organizational Resilience can be achieved through leadership that not only allows you to take risk management strategies, but also allows you to set up priorities for everyone to follow.
Risk management strategies comprise of risk taking, risk containment and risk minimisation efforts that can be instilled only under the presence of leadership and optimum resources. To foster resilience through risk taking strategies, an enterprise needs to recognise the challenges that promote harmony and innovation within an enterprise.
These challenges might be related to multiculturalism or the infrastructure and work deployment. An enterprise can achieve Organizational Resilience only if such challenges are recognised by balancing them with innovative risks, and then responding them with plans and resources that aren’t a threat to investment.
2) Resilient Culture:
Organizational Resilience can be discovered by promoting self-empowerment and building the principles of accountability and trust in an enterprise. To promote craftsmanship and workmanship in an enterprise, there are a few dire principles that require participation from the people involved and thorough indulgence.
Enterprise culture can become resilient only when the work forces realize the necessity of unity and individuality as well. To promote a purpose, a resilient culture must examine the forces that help to glue the team together. Such forces can also help a resilient culture to explore specific goals that are necessary for self-empowerment and leadership.
Such goals can also help a resilient culture to build trust and accountability amongst the people involved, which will therefore help the community to build and practice a stronger sense of support and acknowledgement. A resilient culture will take the responsibility of creating a back-up of operation and will therefore; help to come up with proper contingency plans during risk management.
3) A Resilient Workforce:
An organization owes its resilient culture to its human resources, workforce or crew. A resilient workforce is required to be motivated to take risks, honourable to foster accountability of its actions, and skilled to come up with contingency plans in the face of any obstacle or chaos in the organization.
A resilient workforce takes the opportunity to go through the planning process before implementing or executing the procedure. A resilient workforce also demonstrates leadership and peruses proper policies before taking the next step in plan implementation. Organizational Resilience fosters a workforce with motivation and self-empowerment, both of which is handy to demonstrate the skills required to build the infrastructure of the enterprise.
4) Risk Assessment:
A resilient workforce and culture, together, can take proper steps required for optimum risk management and contingency planning. Organizational Resilience helps to ensure flexibility and agility in decision making and risk management strategies. These strategies help an organization to overcome obstacles and risks with companionship and understanding, which will later help to influence a robust infrastructure and proper set-up as well.
Risk assessment helps an enterprise to discover Organizational Resilience in more ways than one. Through risk assessment, an organization can prevent vulnerability by initiating significant back-ups of the operation at hand. This allows the organization to investigate prepared planning, and therefore indulge in simulation exercises for optimum facilitation and risk assessment.
5) Simulation Exercises:
Simulation exercises promote a great deal of validation and helps an enterprise to discover Organizational Resilience as well. Simulation exercises help to build up an organization’s trust within the workforce itself and allow the people to work together in the need of a crisis.
Simulation exercises also allow the workforce to drive optimum resources and take certain incentives for improvement or of the entire organization. Simulation exercises help an enterprise to garner optimum feedback and valuable input from similar workforces or different components of the organization.
In the light of the above five key steps, a resilient virtual organization (RVO) can foster crises in a blatantly improved way that always comprises of planning and optimum preparedness. The RVO allows organizations to survive amidst competition and combat vague resources that vow to disperse the culture and harm the longevity of the organization.
The RVO allows the organization to dwell in accountability and self-empowering measures that will help the enterprise take risks and battle negativity from internal and external sources. The RVO allows the organization to understand the ideology of leadership, the concept of uncertainty, and the necessity of a skilled and honest workforce.
This blog was published as part of BCI Education Month 2018.
About the author
Engineering Excellence Manager