Why is business resilience important?

Careful business resilience planning can mitigate the impacts of a disruption and allow your business to continue to function or to return to normal more quickly. In addition, effective business continuity planning has the potential to improve overall performance and minimize corporate risk.Click to see full answer. Moreover, why is a business continuity plan important?Business continuity is a proactive plan to avoid and mitigate risks associated with a disruption of operations. It details steps to be taken before, during and after an event to maintain the financial viability of an organization. Disaster recovery is a reactive plan for responding after an event.Furthermore, how do businesses build resilience? Five ways to build business resilience in 2016 Address leadership issues, particularly with regard to the CIO. Understand your supply chain risk, including utilities. Ensure you have viable manual processes in place, where practical. Be prepared for cyber attack. Understand the geo-political risks for your company and its supply chain. Concluding thoughts. Regarding this, what does business resilience mean? Business resilience is the ability an organization has to quickly adapt to disruptions while maintaining continuous business operations and safeguarding people, assets and overall brand equity.How is business resilience different from business continuity?Like continuity, resilience focuses on preserving the processes and procedures that help businesses survive unexpected threats. Recognizing that businesses operate in an environment of continuous change, resilience focuses on how to best preserve value in these complex environments.