Spring World 2018

Conference & Exhibit

Attend The #1 BC/DR Event!

Spring Journal

Volume 31, Issue 1

Full Contents Now Available!

Wednesday, 20 December 2017 22:33

BT5-04 Editorial

Written by  Keith Frederick

What are the Top-3 threats to organizations today?

The top threats that most organizations are currently concerned about are cyberattacks, data breaches, and physical security. However, in reality, organizations face a variety of different types of risks and threats that can take place individually or simultaneously. Managing threats is not getting any easier and as new threats emerge, organizations must keep up the pace in its prevention, response, and recovery efforts.

Regardless of the type or size of your company, people run companies and they are your most important asset in your day-to-day operations and in responding to unanticipated challenges, disruptions, or crises. When employees become distracted, disconnected, tired, stressed, or burned out, it leads to decreased engagement, lower productivity, mistakes, poor customer service, comprised quality, inadequate response to disruptions, and/or damage to brand equity or reputation. Resilient organizations recognize more than ever that managing vulnerabilities and threats require a resilient workforce that is flexible, agile and readily engaged.

 

What areas of BC/DR do you think organizations should be investing in to secure their resiliency for the next 3-5 years? (Where should they put their money?)

How resilient is your organization to withstand setbacks and disruptions? Businesses are increasingly chaotic environments that demand organizations to be more resilient. Apart from the funding to prevent cyber-attacks and data breaches, maintain physical security, and to manage the effects caused by Mother Nature, investing in the development and sustainment of an integrated enterprise resilience program makes good business sense. Only adaptable, agile, and relentless organizations with a clear operational strategy and a resilient workforce will thrive and survive in the future. While the concept of resilience becomes increasingly important to organizations, the harmonizing of programs, resources, and personnel requires an investment. The value proposition is that it reduces siloing, strengthens alliances amongst leaders and employees, generates engagement and productivity, decreases risk, enhances operational and response efficiencies, improves quality outcomes, and increases competitive business advantage along with growing profitability. Resilient personal and organizations have greater capacity to effectively absorb, develop situation-specific response to, and ultimately engage in transformative activities that allow them to reshape and respond to immediate and long-term challenges.

 

Would you consider the influx of Millennials with the exiting of baby boomers to be a challenge to the technology changes in the resiliency industry? (i.e.: loss of knowledge Vs incoming training needs)

This is an absolute call to action in our profession. According to the Bureau of Labor Statistics, Millennials will make up 75 percent of the workforce by 2025. Organizations need to become more agile and collaborative, especially when it comes to recruiting, understanding, motivating, and educating and training the millennial workforce on resiliency and technology. Millennials have a thirst for building their skills and capabilities, doing work that they are passionate about, making a positive impact within an organization, and seeking opportunities for advancement, but generally they approach a job and company with a highly defined set of expectations and place a high importance on work life balance, benefits, and perks. There are retention issues with millennials, but we are learning that employees regardless of their generation want similar things from their employers. Important points to remember are that millennials are great with communication technology and social media. They seek mentors and like receiving support from those in charge. As we develop the workforce of the future, we need to remember to be patient, share information, and help others develop the skills necessary to meet future challenges in our profession.

Spring World 2018 Session - Emotional Intelligence: A Must Have Skill for Excellence in Leadership and Resilience