Resilience and proper planning are critical for ensuring employee safety and lowering business losses that occur during a crisis.
At the end of 2021, a niche product engineering firm recognised that its portfolio was confronted with numerous risk factors for its employees and business. They are primarily based in Ukraine. The recognition management team has found that the threats are getting bigger, and now they take them seriously, but the firm’s speedy growth, which may lead to a focus solely on primary business activities, has been delayed.
The New York-based Recognize team has taken important steps to tackle the risks of the business, despite numerous Ukrainian technological-based companies that are still focused on the advancement of their primary operations. They now fully understand the basis of the situation and the consequences they will face in terms of their employees and business. The companies’ early recognition of the situation, adverse events, and their risks as an outcome gives them the proper space and time to execute the important steps and policies to protect their employees and their primary operations. These important steps provide them with a better position in the case of a war-like crisis than others who completely neglected or underestimated the threats.
Expectation for the best, but preparation for the worst, is more important.
The continuity plans of most of the business houses are generally effective, but most of them often assume that the worst-case scenario is unlikely to happen, and this is one of their biggest mistakes. They plan those steps with loss or severe damage as a base, but they measure the probability of these kinds of events as a low factor. This kind of negligence can have a huge impact on business houses if any worst-case scenario happens, and a lack of proper planning for massive but rare events can lead to a massive massacre if such an event takes place.
The company has maintained a positive attitude during the preparation of plans for the worst-case scenarios. The companies have developed strategies that can eliminate the risks to some extent during the examination and planning phases of any kind of measure. This kind of positive approach will lead to the company`s betterment, and the plans that they have made are proof that they created this plan with a worst-case scenario in mind and that no aspect was overlooked in that case.
Attention to differing opinions is important.
During the phase of planning, the businesses encountered a range of different views. While one is confidently saying that there is no chance of disruption shortly, others are worried about the worst-case scenario, taking war as a prime factor. And another group of opinions, such as those where a risk might happen, says that we’re confident that a severe or any kind of massive massacre is unlikely to happen.
But these kinds of diverse opinions provide numerous benefits in the company’s aspects. Firstly, it provides a better understandable mindset to the group or team involved in the planning procedure and also gives a clear view of the company’s dynamics. Secondly, the issues that were neglected during the resilience planning process can now be resolved with a proper discussion, which provides a broader perspective on the potential challenges and issues that might happen in the future.
Employees are key factors in the decision-making process.
A positive mindset is more important than any kind of resilience plan, which is because if the teams are not ready to take these plans as a matter of concern, it doesn’t matter how the plan is or how much it will create an impact during a crisis-like situation. There is a need for a proper strategic concept for the execution of plans in a crisis. So it’s important not to neglect anyone’s views or mindsets. Giving importance to the team members and building a proper bond with each member is one of the important processes to ensure the plan`s success.
You might find yourself alone as a leader in every aspect.
Companies should be ready to go against the grain during the development of a resilience plan. Different companies have different views regarding the potential risks, which may differ from your perspective. There is a time when you might find yourself alone, dealing with the plan. Other team members might compare the plan with others and find it useless. Every company should learn a proper lesson from the fairytale story “Three Little Pigs.”
Accept the fact that you cannot control everything if a crisis occurs.
A company’s resilience plan is just the game plan that is made by the coach of any sports team before the match. It means that the entire plan is based on past performances, the opponent’s previous way of playing, and other factors, but when the game starts, the most important task for the players is to maintain an emotional balance between each action of the other team and be ready for the worst-case scenario without taking it as pressure. A company is just like this: each member of the company is a team, and to enhance the planning process, the company`s duty is to constantly organize training programs.
Conclusion
Despite the 2022 Russia-Ukraine war, every company has priorities for the safety of its portfolio, its members, and its businesses; this allows the employees to relocate safely without concern for danger, and this is a reason why companies remain profitable even during the crisis.
