Why is measuring resilience important?
Most organisations recognise the need to be resilient; however they often struggle to prioritise resilience or to allocate resources to improving it. This is because resilience is difficult to measure, and success in becoming more resilient is difficult to demonstrate. As a result organisations struggle to show the business case and return on investment for resilience programmes such as BCM, risk management, crisis management etc. Most organisations never know how resilient they are until something goes wrong! However if resilience could be measured it would help businesses to identify their strengths and weaknesses and to evaluate the effectiveness of their resilience strategies.
How can Stephenson Resilience help you to measure your business resilience?
Stephenson Resilience is currently working with researchers at the University in Canterbury in New Zealand to enable businesses to use a resilience measurement tool that was developed through their Resilient Organisations Research Programme. The resilience measurement tool is a web-based survey which measures organisational resilience. Results from the survey provide a snapshot of an organisation’s resilience and highlight their resilience strengths and weaknesses. Used over time the tool tracks increases and decreases in resilience. We are very excited about being able to make this tool available for organisations to use. Keep an eye on our blog for news about the development of the tool or contact us so that we can keep you up to date with progress!