C-Suite Confidence in Resilience is High – But is it Realistic?
The good news: organizations value resilience more than ever before. Now the bad news: business leaders may be overestimating just how resilient their organizations actually are.
PwC’s bi-annual Global Crisis and Resilience Survey polled 1,812 respondents worldwide to learn how heads of business are preparing for today’s threats. When asked to rank the importance of resilience as a corporate priority, a full 89% said it was one of their most important.
The research points to a “resilience revolution” embraced by many companies, but not all at the same level. The three trends driving this revolution:
Integration – Businesses are actively moving to from silos to an integrated approach, centrally governing and aligning multiple resilience capabilities around what matters most;
Leadership – 93% have established a C-suite sponsor for their resilience programs, which is a key driver to program success, and
Program – Leaders are prioritizing investments based on what’s critical to the organization, allowing them to manage risks with high reliability and to drive efficiency.
While 70% of business leaders are confident in their ability to recover from various disruptions – only one in five has moved toward a resilience program that has fully integrated these three driving trends.
How should organizations move forward? The report recommends five ways to move towards a more integrated program:
Click here to download the report.