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Every successful entrepreneur has spent hours drawing up business plan models and market studies to achieve their company’s objectives. However, as the market becomes more and more competitive, companies need to adjust to it as well. They need not just study how to break in the market but also find out how they are going to stay relevant.

Your capacity to adapt as the global market evolves can determine your organization’s resiliency. But, what is organization resilience, you might ask?

As defined by the British Standard (BS65000), organizational resilience is “the ability of an organization to anticipate, prepare for, respond and adapt to incremental change and sudden disruptions in order to survive and prosper.

You need to learn to move past traditional policies to survive in an economy fuelled by disruptive innovation and technological advances. It goes beyond risk management and resilience concepts for business continuity and competitiveness.

If you want to succeed in this ever-changing economy, here are key elements of a resilient organization:

 

  1. Responsive to change

Organization resilience is deeply rooted on how you respond to an evolving market. You need to be open to new ideas and learn how to transform your product or services as the market’s need changes.

 

  1. Put in place reliable processes

Delivering high-quality products or services is a crucial component of success. Organizations should have a systematic approach for quality assurance. Establishing a reliable process can help you keep the quality consistent while maintaining enough room for innovation.

 

  1. Proactive

Apart from responding to market changes, your company should also be proactive. Being proactive means finding new ways to improve your products that will keep your company relevant and valuable for consumers. Investing in research & development can help you build organization resilience.

 

  1. Healthy corporate culture

It is important to maintain a holistic inclusion and healthy appreciation of everyone’s contribution to the success of the business. No matter what industry you are in, the cliché line “people do business with people” remains to be true.

You may have celebrity endorsers and philanthropist ambassadors, but a face of the company you will always have is your people. How well you motivate and value them can determine whether or not your business can succeed.

 

  1. Strong structure for the future

Always look at the bigger picture. A resilient organization does not just work on achieving short-term financial goals, but takes into consideration the long-term effect of every business decision. Thinking about short-term objectives can cause you to miss out on an opportunity.

 

  1. Good leadership

Company leaders should have excellent management skills. They need to make strategic business decisions in times of crisis. Your leaders can help you evaluate strategies and study policies that might go against the organization’s goals.

At the end of the day, every time you clock out of work, disruptive innovation continues to change the market. Without flexibility, adaptability, and foresight, many companies could cease to exist including yours.

 

Anything can happen in a blink of an eye, so do your best to build a resilient organization. Being a resilient organization does not happen overnight, but taking small steps like preparing for the future and embracing cognitive diversity can help you get there.

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Jun 17 - Jun 18Complaints Management - Turning Complaints to ComplimentsManila, Philippines
Jun 18 - Jun 21BCM Lead Auditor – ISO 22301 (ICOR Certified)Manila, Philippines
Jun 18 - Jun 19HR Business PartneringManila, Philippines
Jun 18 - Jun 21Big Data FoundationManila, Philippines
Jun 24 - Jun 26CQL - Certified Quality LeaderManila, Philippines
Jun 25 - Jun 26MS Power BIManila, Philippines
Jun 27 - Jun 28ISMS (Information Security Management Systems) PractitionerManila, Philippines
Jun 27 - Jun 28PSM I - Professional Scrum MasterManila, Philippines
Jul 9 - Jul 11BCM Lead Implementer - ISO 22301 (ICOR Certified)Manila, Philippines
Jul 15 - Jul 16DevOps FoundationManila, Philippines
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Jul 18 - Jul 19MS Excel Advanced Features (2010/2013)Manila, Philippines
Jul 18 - Jul 19HRMET - HR Metrics and Workforce AnalyticsManila, Philippines
Jul 18 - Jul 19CompTIA Cloud EssentialsManila, Philippines
Jul 22 - Jul 23SMC - Scrum Master CertifiedManila, Philippines
Jul 23 - Jul 24DRP - Disaster Recovery PractitionerManila, Philippines
Jul 24 - Jul 25CQP - Certified Quality ProfessionalManila, Philippines
Jul 24 - Jul 25PRINCE2 FoundationManila, Philippines
Jul 25 - Jul 29Accelerated Six Sigma Green BeltManila, Philippines
Jul 25 - Jul 26Integrated Metrics Management (People, Process & Organization)Manila, Philippines
Jul 29 - Jul 30DevOps FoundationManila, Philippines
Aug 6 - Aug 9Project Management Professional (PMP)® Training - REP #4536Manila, Philippines
Aug 12 - Aug 14ITIL® 4 FoundationCebu City, Philippines
Aug 13 - Aug 14BCMP - Business Continuity Management PractitionerManila, Philippines
Aug 14 - Aug 16RE - Requirements EngineeringManila, Philippines
Aug 14 - Aug 16Certified IT Manager (CITM)® TrainingManila, Philippines
Aug 15 - Aug 16Intro to Project ManagementManila, Philippines
Aug 22 - Aug 23BIA - Business Intelligence and Analytics FoundationManila, Philippines
Aug 27 - Aug 28Enterprise Risk ManagementManila, Philippines
Aug 28 - Aug 30Certified Business Analysis Professional (CBAP®) TrainingManila, Philippines
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Sep 9 - Sep 10I2BA - Intro to Business AnalysisManila, Philippines
Sep 10 - Sep 12CQL - Certified Quality LeaderManila, Philippines
Sep 12 - Sep 13Data Story TellingManila, Philippines
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