Key Concepts Supporting Operational Resilience
These are the related concepts supporting operational resilience that require further elaboration. The reason is that related concepts are often treated as similar.
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Summing Up ...
While both aim for organizational stability, business continuity management and operational resilience differ. Business continuity plans for specific disruptions, focusing on reactive recovery of critical functions.
On the other hand, operational resilience is proactive, building adaptability into daily operations to withstand any disruption and bounce back quickly. They are complementary, with BC plans forming the backbone of resilience but with resilience requiring a broader, ongoing process of building adaptive capacity.
Operational risk management is a core element of operational resilience. Implementing effective operational risk management practices contributes to building a more resilient organization.
However, operational resilience goes beyond risk management by encompassing broader proactive and adaptive strategies to ensure business continuity during disruptions.
Operational resilience and organisational resilience are complementary concepts that work together to ensure the long-term success of an organization.
Building operational resilience provides a strong foundation for adapting to a broader range of changes and thriving in uncertain environments.
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