Organizations are adapting to an increasingly complex global environment with more holistic approaches to business resilience planning. Traditional business continuity plans — typically with a strong IT focus — are still critical, but they are becoming part of a bigger picture, as senior executives strengthen their oversight of enterprise-wide risk management. To ensure business resilience, companies are moving toward a risk management process that both addresses the myriad types of risk that functions across the organization face, and encompasses all facets of risk management, from its identification through to mitigation.

 

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