McKinsey on Risk & Resilience: Managing Risks to achieve Resilience
Welcome to the latest issue of McKinsey on Risk & Resilience, now a subscription-based, quarterly publication featuring the latest trends, research, insights, and best practices related to financial and nonfinancial risks, and how to build and strengthen business resilience in an ever-evolving world.
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.
Rethinking Resilience: Addressing Supply Chain Disruptions in a Volatile World
The article "Rethinking Resilience" examines the critical need for businesses to bolster supply chain resilience amidst global disruptions. It explores key factors contributing to vulnerabilities and outlines strategies for building resilience, including supplier diversification, technology adoption, and strengthening cybersecurity. The piece emphasises that resilience not only mitigates risks but also drives competitive advantage and aligns with ESG goals.
Comeback or evolution? Examining Organizational Resilience Literature in pre and during COVID-19
Purpose – The ability of companies to develop organizational resilience before, during and after crises is crucial for their development and growth. The future forecasts increasingly more crises, thus this paper aims at identifying key topics around organizational resilience in COVID-19 times, differentiating them of pre-crisis literature and synthesizing them into a research framework.
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.
Climate Resilience: Navigating the Perfect Storm of Change
The article "Climate Resilience: Navigating the Perfect Storm of Change" emphasises the urgent need for businesses to adapt to climate risks whilst adopting sustainable practices. It highlights that climate resilience is crucial for maintaining operations amidst environmental challenges. The integration of resilience and sustainability is essential for long-term success, as stakeholders demand responsible business practices.
Integrating ESG and Organisational Resilience through System Theory: the ESGOR matrix
This paper aims to develop a conceptual framework that jointly considers Environmental, Social and Governance (ESG) factors and organisational resilience (OR) components to ameliorate organisations’ understanding of sustainability’s overall requirements and related decision-making processes.