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Business Resilience

ss continuity, and disaster recovery ยท which are only part of the story. Certainly, external shocks have less impact on a prepared business. However, the wider perspective is that successful businesses always prepare for change, whether positive or negative, continuous or discontinuous. When change presents a broad range of attractive options, resilient businesses focus on growth.

Organizational considerations play an important role in achieving business resiliency. Joseph McCann of Human Resource Planning explains that many of the essentials of organizational change are required to build a successful resiliency plan, such as a visible, committed executive sponsor; documented roles, responsibilities and accountabilities; defined communication protocols, and identified skills that are critical to the organization. McCann also explains that organizational effectiveness can help during periods of rapid change within business environments (McCann 42).

Resilience in the face of rapid change, whether positive or negative, gradual or

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Business Resilience. (1969, December 31). In LotsofEssays.com. Retrieved 17:11, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1696531.html