About 89% Business Leaders Identifies Resilience As Priority: Report
The report also stated that about 70 per cent of participants are optimistic about their organisation’s ability to respond to various disruptions, noting that many businesses lack the fundamental aspects of resilience required to efficiently tackle disruptions
About 89 per cent of business leaders observed that resilience is one of their top strategic organisational priorities, according to the Global Crisis and Resilience Survey 2023 by PwC. Business leaders identified true resilience as a key competitive advantage.
The report also stated that about 70 per cent of participants are optimistic about their organisation’s ability to respond to various disruptions, noting that many businesses lack the fundamental aspects of resilience required to efficiently tackle disruptions.
It highlighted that almost two thirds of organisations have move toward an integrated resilience programme but only one in five is fully integrated. Enterprises are actively moving towards an integrated approach to resilience, centrally controlling and aligning multiple resilience capabilities around what is most important to the business and integrating the programme into operations and corporate culture, it added.
It revealed that 31 per cent of our respondents said that building a team with the proper abilities is a big obstacle in implementing a resilience programme. Upskilling future leaders is recognised as one of the three most critical parts of future-proofing resilience by 57 per cent of companies.
Many businesses are adopting the key concepts of an operational resilience (OpRes) strategy as they integrate their resilience initiatives, concentrating on preserving what matters most and prioritising investment based on what is vital to their organisation and stakeholders. This enables companies to control risks with high dependability while also increasing productivity, it added.
