Filip Kollarz,
CEO & Co-Founder
filip.kollarz@coarconsulting.se
In recent years, the global market has been shaped by disruptive events and uncertainties. The COVID-19 pandemic and geopolitical tensions are examples of factors that have posed significant challenges for businesses worldwide. While the effects vary across industries and organizations, one thing is clear: to effectively manage these uncertainties and risks, businesses must develop Business resilience.
Business resilience refers to a company’s ability to withstand unforeseen events and adapt to change. It emphasizes the capacity to recover and grow swiftly.
Why it
matters
Statistics reveal that 69% of business leaders are unprepared to face future challenges. Factors contributing to this include macroeconomic conditions, geopolitical uncertainties, and disruptions in supply chains.
For organizations without a crisis management plan, the consequences can be severe. Conversely, companies that proactively plan and work toward Business Resilience can seize opportunities that often arise in uncertain circumstances.
Actively striving to enhance Business Resilience is crucial—not just to avert crises but to emerge stronger from them.
1.
Current State Analysis of Vulnerabilities
The first step in strengthening the organization’s resilience is conducting a current state analysis. This involves mapping and analyzing which functions within the organization are most vulnerable to unexpected events.
An organization’s vulnerabilities may vary depending on the nature of its operation. For instance, the supply chain is often a critical component and should be thoroughly reviewed, especially with regard to geopolitical events affecting global flows.
2.
Monitor & Analyze the Market
A key factor in enhancing resilience is continuously monitoring and analyzing market trends to ensure the organization can adapt to changing conditions. If the company regularly monitors the market, risks and potential crises can be identified and planned for.
Acute crises, such as pandemics and natural disasters, are difficult to predict. However, emerging crises like demographic shifts and labor shortages are easier to anticipate and plan for. Early identification of potential crises enables companies to prepare and adapt.
3.
Build Resilience Throughout the Organization
Many business leaders tend to act defensively during crises to minimize potential losses. Business Resilience is not only about survival but also about emerging stronger from a crisis. The goal is to turn challenges into opportunities.
Success requires a comprehensive strategy in which resilience is integrated throughout the organization—from leadership to operational processes. This involves balancing defensive and offensive measures, such as securing critical functions while investing in product or market development.
Companies that adopt a comprehensive Business Resilience strategy can achieve strategic advantages, capitalize on opportunities presented by crises, and enhance their long-term competitiveness.
How can you prepare?
Business Resilience is no longer a “nice-to-have” but a “must-have.” The business world faces uncertainties that demand strategic preparation, and every company should assess how these uncertainties impact its operations. Through active resilience work, challenges can be turned into opportunities!
COAR Consulting helps your company navigate risks and uncertainties. With a future-oriented approach and access to tomorrow’s knowledge, we support your business in develop and strengthening its position.
Our services include:
- Market Analysis
- Environmental Scanning
- Risk Assessment Analysis
MEET THE AUTHOR
Filip Kollarz, CEO & Co-Founder
filip.kollarz@coarconsulting.se
coarconsulting.se 