Business Resiliency Experts Advise Companies on Strategies
Detailed and comprehensive programs to overcome sudden, extreme challenges
In what has become the quintessential statement on resilience, the philosopher Friedrich Nietzsche famously said, “That which does not kill us, makes us stronger.” However, Nietzsche neglected to mention that what doesn’t kill us can still drive us out of business. Competition is fierce in today’s interconnected, digital economy, and seemingly minor disturbances in one corner of the globe can produce a ripple effect with worldwide consequences. Supply chain disruptions, labor shortages, power outages, high-level scandals, financial market collapses, and government lockdowns are just a few of the abrupt and unexpected disruptions that have shaken businesses in recent years, forcing them to recalibrate various aspects of their operations to find some way to survive. Resilient individuals might draw on a combination of character, talent, and grit to weather a crisis. In business, complex and multifaceted challenges require foresight and preparation.
At North American Forensic Accounting, we believe that advanced preparation is the key to preventing disruptions and mitigating their damage, if and when they erupt. We advise organizations of all sizes and missions on designing and implementing comprehensive business resiliency plans. When a company has planned for a crisis, what could have been a catastrophic event becomes a manageable challenge that can, in fact, make your company stronger.
What is business resiliency planning?
Business resiliency planning is a combination of crisis management strategies, business continuity planning, and disaster recovery programming that allows an organization to continue operations in the wake of what could have been a sudden, crippling turn of events.
Comprehensive business resiliency planning for all types of organizations
At NAFA, our forensic experts draw on decades of experience to assist organizations in several key areas related to business resiliency:
- Business continuity
- Business impact analysis
- Corporate sustainability
- Crisis management
- Crisis communication
- Employee training
- Enterprise risk management
- Ethics and compliance programs
- Information security
- Insider threat management
- Physical security plans
- Risk assessments
We provide individualized guidance on comprehensive strategies tailored to your organization’s needs.
Advantages to business resiliency planning
An organization that does not engage in resiliency planning faces outsized risks when a crisis arises, including:
- Financial loss
- Reputational loss
- Liability losses
- Loss of client and consumer loyalty and good will
- Lost access to credit
- Interrupted operations
- Slow, painful recovery
- Environmental impacts
By contrast, the organization that has implemented an effective resiliency plan is often able to:
- Mitigate financial losses and prevent cascading losses
- Mitigate exposure to liability
- Enhance its reputation
- Preserve customer good will
- Maintain lines of credit
- Minimize the scope of the threat
- Speedily achieve full recovery
- Minimize disruptions to operations
- Minimize corporate risk
NAFA’s forensic experts can help your organization build a culture of readiness that not only serves you in times of crisis, but also enhances productivity, efficiency, and integrity during normal operations.
Contact North American Forensic Accounting for effective business resiliency planning
North American Forensic Accounting PC helps organizations of all sizes design and implement comprehensive business resiliency plans. To learn more, call us at 347-286-4860 or contact one of our offices online to schedule an appointment. NAFA serves clients from offices throughout the United States, including in Philadelphia, Pittsburgh, New York City, Atlanta, Charlotte, Miami, and the Tampa Bay Area.