Strategies for Resilience in a Dynamic World: from VUCA to BANI
This paper delves into the evolving landscape of business resilience, examining five conceptual frameworks shaping strategies for success in an era of unprecedented uncertainty. The concepts of SPOD-world, VUCA-world, BANI-world, RUPT-world, and TUNA-world are scrutinized to provide a comprehensive understanding of the challenges and opportunities they present.
The Key Administrative Competencies of Managers Required for Company Development in the Bani World
When describing the state of the modern world, we can name it “marginal”, i.e. the one where there are hardly any orientations, with organizations having to face barriers in the business processes, which makes them constantly revise the strategies, methods or approaches to the achievement of their goal. It was in 2016 that Jamais Cascio, a futurologist and a researcher from the Institute of Future, brought forward a new conception being in perfect conformity with the present-day situation, dominated by the pandemic provoked by COVID-19, political imbalances, resource deficit, climatic disasters and the war that keeps us in tension. The new term that he proposed to use consisted of the abbreviations, i. e. BANI (brittle, anxious, nonlinear, incomprehensible world without a clear structure).
Transformation of Values of the High Technology Projects from a VUCA to a BANI Environment Model
The article is dedicated to the study of impact of a BANI-world conditions to implementation of the high technology industrial projects and in particular of the nuclear industry projects. The purpose of the article is to analyze tendencies of changes of different factors related to the high technology nuclear project implementation against the changing conditions of the environment. The object is the project management methodologies in the BANI environment.
Resilience is Not Optional: Why Talent Retention Risk is the New Battleground for Strategic Leaders
The article explores talent retention risk within VUCA and BANI environments, highlighting how volatility, anxiety, and non-linearity amplify employee attrition threats. It provides risk professionals with advanced frameworks, analytics, and strategies to integrate retention risk into enterprise risk management, ensuring organisational resilience and sustainable human capital in turbulent times.
Fortifying the Digital Fortress: Navigating the Cybersecurity Resilience Maze
In the digital battlefield, cybersecurity resilience is paramount. Organisations face complex challenges in securing their digital assets against evolving threats. A multifaceted approach is crucial, combining risk-based strategies, Zero Trust architecture, threat intelligence, employee training, and robust incident response plans. Leveraging automation and AI enhances threat management, whilst fostering a culture of cybersecurity awareness helps navigate the complex landscape.
Navigating the Resilience Maze: Mastering Governance and Coordination for Robust Programmes
This article examines challenges in implementing resilience programmes, focusing on governance and cross-sector coordination. It emphasises effective governance for managing performance and addressing risks. Key areas include understanding resilience governance, overcoming coordination challenges, and best practices. Insights highlight board involvement, integrating coordination into existing structures, establishing steering committees, regular reviews, staff training, and fostering a resilience culture. Mastering these aspects is crucial for organisational success in uncertain times.
Unravelling Critical Business Services and Dependencies for Resilience
This article examines the crucial process of identifying essential business services and their dependencies for operational resilience. It emphasises a systematic approach to mapping and managing these services in today's volatile environment. Key strategies include conducting impact analyses, engaging stakeholders, and leveraging technology. The article highlights the importance of collaboration, regular reassessment, and effective prioritisation in enhancing organisational resilience.
The Invisible Web: Unravelling the Complexity of Interconnected Systems
This article examines challenges in implementing resilience in complex interconnected systems, emphasising understanding dependencies. It discusses mapping complexity through network analysis, agent-based modelling, and data-driven techniques. Key focus areas include mapping dependencies, analysing networks, and adaptive management. Insights highlight the importance of a 'system-of-systems' perspective, cascading failures' impact, and emerging technologies like AI and digital twins for resilience planning.
Navigating the Financial Tightrope: Overcoming Resource Constraints in Resilience Implementation
This article examines organisational challenges in implementing resilience strategies amidst resource constraints. It explores financial investment hurdles, human resource limitations, and balancing short-term needs with long-term goals. Key focus areas include resource allocation, regulatory compliance, cultural shifts, and testing requirements. The article suggests leveraging existing resources, collaboration, technology, and continuous improvement to overcome constraints and build robust resilience strategies.
Regulatory Whiplash: Mastering the Art of Compliance Agility in a Turbulent Business World
This article examines regulatory change management challenges and strategies, emphasising organisational resilience in a complex compliance landscape. Key focus areas include structured frameworks, technology utilisation, risk assessments, fostering resilience and collaboration. Insights highlight proactive risk management, unified approaches, compliance technology investment and future trends in climate and data privacy regulations.