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BSI, the London-based business standards company, has published BS 65000 Guidance for Organizational Resilience. This standard provides an overview of resilience, describing the foundations required and explaining how to build resilience. It deals with an organization’s capacity to anticipate, respond and adapt – which could be crucial to its survival, says British Standards.
BS 65000 provides guidance on achieving organizational resilience and articulates the benefits of doing so. BSIA says that standards exist within crisis management and business continuity which affect the overall governance of an organization. This 65000 standard can help by integration of the disciplines that are essential for resilience. BS 65000 also refers to risk management, horizon scanning and change management. ISO (International Organization for Standardization) is developing ISO 22316 – Organizational Resilience which is due to publish in 2016, and BS 65000 is providing the basis for this standard.
BSI says resilience enables organizations to:
Adapt/improvise to unforeseen and disruptive changing environments
Gain a competitive edge by identifying gaps and taking advantage of opportunities
Be more agile and innovative by learning from trends
reduce costs and increase efficiency by avoiding potential pitfalls
Obtain a better understanding of risks and opportunities
Preserve and improve their reputation by being seen as vigilant and robust
Engender trust amongst external clients and internally among staff; and
Cultivate a culture of shared purpose and values.
Anne Hayes Head of Market Development for Governance & Risk at BSI said: “Organisations that are resilient behave in a very specific way and have long understood what this means to their long term success. They take a proactive approach to governing themselves and have pinpointed the importance of being forewarned. BS 65000 can work alongside their existing risk, crisis and business continuity management strategies to provide a solid defence against weathering a tough business climate.”
What BS 65000 does:
It enables upper level management to describe a strategy for the organizational resilience which identifies benefits, behaviours of resilient organizations
It offers basic tools for assessing the resilience measures of an organization
As a guidance document it works in an advisory capacity with principles outlined
Contains a maturity model for measurement
Includes questions organizations can use to assess their resilience measures.