1. Resilience and Agility: Managing and Mitigating Evolving Threats in a Hyperconnected World
- Author:
- Hasssan Abul-Enein
- Publication Date:
- 09-2020
- Content Type:
- Commentary and Analysis
- Institution:
- The Geneva Centre for Security Policy
- Abstract:
- Over the years a wide range of different evolving threats have been drastic in their impact and magnitude. This impact is likely to be amplified in the future, especially as global risks such as deglobalisation, fractured social contracts, digital divides and technological gaps increase.39 Also, the rollout of stimulus packages and soaring debt that is estimated to top US$10 trillion by the end of 2020 is likely to make the global economic landscape more fragile.40 The COVID-19 outbreak has perhaps resulted in the single largest socio- economic experiment in the history of humankind. As an evolving threat, what started as a health pandemic in China has snowballed, causing disruptions around the globe and impacting every single industry and individual. Countless lessons are being extrapolated from the outbreak. At the core of these lessons is the importance of resilience and agility in any response to an evolving threat. If governments, organisations, businesses, and society are to manage and mitigate threats of this kind that may occur in the future, there is a need to consolidate and further invest in the four pillars highlighted in this study: strategic management and foresight; human capital, diversity and leadership; collaboration and partnerships; and technology and innovation. Together, these pillars make for organisational resilience and agility. This in turn helps organisations to overcome ambiguity and uncertainty by embedding adaptability and flexibility across their structures. This will allow organisations and vested stakeholders to better map out ecosystem changes that threaten their interests and growth. It will also allow them to respond proactively, timeously and effectively by implementing whole- of-enterprise risk management functions and developing solid decision- making structures and frameworks. Investments in these pillars will also provide opportunities for shared value creation and avoid duplication and wastage. This will help drive growth and mitigate the impact of evolving threats by generating innovative solutions faster and more dynamically, and will accelerate the focus on solving problems rather than fighting them. It will also help to develop human capital, ensure accessibility to a variety of solutions to a wide range of problems, and increase integration, which in turn will create safety buffers and support shock containment.
- Topic:
- Science and Technology, Governance, Leadership, Conflict, and Resilience
- Political Geography:
- Global Focus