Three fifths of corporate CEOs around the world believe continuing economic uncertainty will lead to compromises in the ability of their organisation to maintain high standards, threatening trust in their business, according to a survey.
Independent research commissioned by British Standards Institution (BSI), the business standards company, explores the top threats to organisational resilience, with macroeconomic uncertainty ranked top ahead of disruptive competition and information security.
The 120 CEOs polled from around the globe, show how fragile modern operations with global supply chains are.
Two thirds (64 per cent) of bosses admit that the concept of organisational resilience is inconsistently understood across their business, despite 70 per cent believing it to be vital to the long-term viability of their operation.
Encouragingly, 28 per cent of CEOs are confident they secure an advantage in the market from organisational resilience, almost half (49 per cent) claiming it enhances their company’s reputation and 39 per cent suggesting it has improved their organisation’s competitiveness through quicker and better targeted responses to opportunities.