The revised version of the 2014 British Standard BS65000 on Organizational Resilience, now a draft Code of Practice, has been released for public consultation by BSI. This British Standard unifies the techniques required to create and maintain Organizational Resilience.
It is not intended to limit. But instead, it aims to assist an organization in making unique and necessary decisions required to achieve or within the context of the company and respond to the broader changes and unpredictability that society is facing.
The COVID-19 pandemic. The war in Ukraine.
The world has been beset with all these threats and disruptions, making leaders rethink their organizations' capabilities.
Are their organization resilience standards up to the task? Are yours?
Any company that wants to flourish in an ever-changing world must be resilient. An improved standard will assist organizations in better preparing for future issues.
Organizational standards, such as the British Standard, enable you to prepare for the future. These can strengthen your organizations' resilience by providing tools and approaches that empower you to tackle the challenges of today and tomorrow by designing, sharing, and integrating industry best practices.
BCM next believes that enhancing organization resilience standards is essential. A resilient organization will show crucial characteristics in how it runs, such as adaptability and flexible leadership that governs effectively.
The following are advantages of a resilient organization:
1. Strategic adaptability - allowing them to successfully deal with changing conditions, even if it means diverging from their core business.
2. Agile leadership - enabling them to confidently take calculated risks and respond quickly and appropriately to opportunities and threats.
3. Robust governance - demonstrating accountability across organizational tiers, based on a culture of trust, transparency, and innovation, to ensure they stay true to their vision and values.
An enhanced standard means a better way to combat challenges. And one enhancement that every organization needs to have is digitization.
According to McKinsey's research, organizations with powerful, mature digital platforms generate more than 7% more income during disruptive periods than their lagging rivals. This number makes sense because a digital workplace platform may boost communication, employee engagement, and general connectivity, and these factors bring significant benefits during troubling times.
BCM next helps you adapt to challenging times, become agile industry leaders, and have a resilient culture and governance. Organization resilience standards are met because of the digital ease one finds with BCM next.
Experience the power of AI, that can guide your resilient efforts to the next level.
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