0% found this document useful (0 votes)
12 views

ACI Airport Operations Business Restart and Recovery

The article discusses the necessity for businesses to build resilience in the face of socio-financial disruptions, emphasizing the integration of risk management and business continuity strategies. It highlights the importance of proactive measures, leadership, and collaborative approaches to navigate uncertainties and sustain operations. The research advocates for a continuous cycle of monitoring and adaptation to enhance organizational resilience and effectively respond to crises.

Uploaded by

Joaquim Bento
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
12 views

ACI Airport Operations Business Restart and Recovery

The article discusses the necessity for businesses to build resilience in the face of socio-financial disruptions, emphasizing the integration of risk management and business continuity strategies. It highlights the importance of proactive measures, leadership, and collaborative approaches to navigate uncertainties and sustain operations. The research advocates for a continuous cycle of monitoring and adaptation to enhance organizational resilience and effectively respond to crises.

Uploaded by

Joaquim Bento
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 14

Adapting to the Unpredictable: Building Resilience for Business

Continuity in an Ever-Changing Landscape


Narcisa Roxana Moşteanu 
College of Business, American University of Malta, Cospicua, Malta

Suggested Citation
Abstract:
Moşteanu, N.R. (2024). Adapting In an age characterized by unprecedented socio-financial
to the Unpredictable: Building disruptions, businesses encounter a crucial mandate: to seamlessly
Resilience for Business Continuity incorporate organizational resilience, risk management, and business
in an Ever-Changing Landscape. continuity strategies. This article navigates this complex landscape,
European Journal of Theoretical and offering insights into the essential interplay between resilience and
Applied Sciences, 2(1), 444-457. risk mitigation. It explores the dynamic nature of socio-financial
DOI: 10.59324/ejtas.2024.2(1).37 disruptions, emphasizing the inherent risks they pose. Drawing from
real-world examples, we dissect key components of organizational
resilience and delve into strategies that marry resilience with effective
risk management. Proactive measures take center stage, guiding organizations to fortify their structures
against uncertainties. From embracing technological innovations to fostering a culture of adaptability, it
unveils practical tips for cultivating resilience while concurrently managing risks. Leadership's pivotal role
in steering organizations through crises is highlighted, emphasizing risk-aware decision-making.
Collaborative approaches and partnerships emerge as crucial elements, promoting collective resilience
and shared risk management. The article advocates for a continuous cycle of monitoring, adaptation, and
dynamic risk management to meet evolving challenges. As research concludes, it distills key takeaways,
urging businesses to adopt an integrated approach to fortify their foundations. Proactive Invitation
encourages readers to assess and improve organizational resilience, risk management, and business
continuity practices, providing a roadmap for navigating tomorrow's uncertainties.

Keywords: Organizational resilience, business continuity, socio-financial disruptions.

Introduction of people by motivating and controlling all


production resources of an organization to meet
Rapid changes in the political and socio- in an effective way the stakeholders' needs. In
economic scene in recent years have brought to normal and peaceful times, this seems easy to
the fore the need for crisis and disaster achieve. However, when the environment’s
management, which has become a key topic of forces are changing dramatically, in the case of
concern for both practitioners and academics. disaster, management is required to be active,
Natural disasters, pandemic diseases, terrorist and prompt interfere to avoid financial and
attacks, economic downturns, equipment social chaos (Moşteanu, 2020a; Moşteanu 2023).
failures, and human error can represent both
potential unpredictability and serious threats to The current landscape of socio-financial
the continuity of an organization's operations. disruptions is marked by a complex interplay of
factors that include global economic
Management is an art of strategic planning, uncertainties, technological transformations, and
organizing, decision-making and leading a group
This work is licensed under a Creative Commons Attribution 4.0 International License. The license permits unrestricted
use, distribution, and reproduction in any medium, on the condition that users give exact credit to the original author(s)
and the source, provide a link to the Creative Commons license, and indicate if they made any changes.
societal shifts. The COVID-19 pandemic, which partnerships to foster collective resilience. In
began in 2019, has had profound and far- conclusion, the research distills essential
reaching impacts on economies and societies conclusions, advocating an integrated approach
worldwide. Lockdowns, supply chain to strengthening organizational foundations, as
disruptions, and changes in consumer behavior the proactive invitation encourages readers to
have challenged traditional business models, evaluate and improve their practices in the
leading to financial volatility and uncertainty. evolving landscape of uncertainties.
Additionally, geopolitical tensions, climate
change concerns, and the rapid pace of
technological innovation contribute to the Understanding Organizational
dynamic nature of the socio-financial landscape. Resilience
Organizations are navigating through an
environment where resilience is not just a To understand the ability of an organization to
desirable trait but a strategic imperative. be resilient, it is good to present a brief history of
the emergence of this notion. Thus, resilience
In times of uncertainty, the magnitude of comes from the Latin word resilire, which means
organizational resilience cannot be inflated. to return. From an academic point of view, the
Resilient organizations possess the ability to notion of resilience was first presented by
adjust to change, recover from setbacks, and Holling (1973), who argued that resilience
thrive in the face of challenges. Building and determines the continuity of relationships within
maintaining organizational resilience involves a a system and is a measure of the ability of these
combination of strategic foresight, robust risk systems to absorb changes in variables. Of the
management practices, and a culture of state. Later, researchers from different scientific
adaptability. Resilient organizations can fields tried to give a clear definition of the notion
effectively weather economic downturns, of resilience without reaching a common point
disruptions in supply chains, and unforeseen (Hollnagel et al., 2007; Powley, 2009; Walker and
crises. Moreover, they are better prepared to Cooper, 2011), management of organizations
profit from emerging openings and navigate the (Weick, 1993; Gilbert, et al., 2012; Linnenluecke,
evolving socio-financial landscape. In an era 2017). In terms of the business environment, the
where uncertainty is the new norm, most relevant definition was given by Sutcliffe
organizational resilience becomes a key differen- and Vogus (2003) claim that resilience is an
tiator, ensuring sustainability and success in the organizational phenomenon as the power of
face of an ever-changing and unpredictable organizational units to resume, recover, recover
environment. or to adapt positively to events. Lengnick (2011)
This article, based on previous research, uses an defined organizational resilience as the ability of
exploratory design to unravel the complicated a firm to absorb, effectively develop a specific
relationship between organizational resilience, situation, respond and ultimately engage in
risk management and business continuity in the transformational activities to capitalize the
face of unprecedented socio-financial disruptive surprises that organizational survival
disruption. Emphasizing the dynamic nature of potentially threatened. Annarelli and Nonino
these disruptions, the study dissects the key (2016) consider resilience as a capacity of
components of resilience and explores strategies disturbances to face unexpected events in
that seamlessly integrate resilience with proactive advance, due to strategic awareness and an
risk management. Serving as a continuation of associated operational management of internal
previous research, the author sheds light on and external shocks.
evolving challenges, urging businesses to adopt In times of heightened volatility and uncertainty,
a dynamic cycle of monitoring, adapting and organizations must cultivate resilience, enabling
managing risk. The essential role of leadership in them to skilfully navigate unforeseen events,
navigating the crisis is highlighted, along with the recover from crises, and potentially propel
importance of collaborative approaches and

445

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


future success. Despite increasing academic Through a deeper under-standing of what makes
attention to organizational resilience there an organization resilient, we can formulate
remains a lack of consensus regarding its precise strategies to instill these qualities into the fabric
definition and composition (Duchek, 2020). In of our management practices.
line with Duchek, the research agreed that there Therefore, the present research states that,
is a distinct need for additional insights into the currently, it seems to be a common
organizational capabilities that form the understanding that organizational resilience is
foundation of resilience and the conditions different from adaptability, agility, flexibility,
essential for their cultivation. Hillman and improvisation, recovery, redundancy and
Guenther also specified that in recent times, robustness. Resilience involves the
there has been a renewed interest in the concept organization's response to destruction, which it
of resilience within the field of organizational emphasizes the capacity for recovery and
studies. This concept is considered highly development in a state of uncertainty,
promising for elucidating how organizations can discontinuity and urgency (Xiao and Huan, 2017;
not only endure but also flourish in the face of Moşteanu; 2024).
adversity or turbulence. Nevertheless, insights
from a prior review focusing on resilience in the
organizational and business context reveal that,
Factors of Organizational resilience
despite a growing body of empirical research on
the subject, there remains a requirement for The dedicated literature proposes the specific
enhanced clarity in its measurement (Hillmann factors and measurements of organizational
and Guenther, 2021). Coping with crises is resilience (Xiao and Huan, 2017). From the
significantly facilitated through organizational system point of view, Tierney (2003) comments
resilience, a concept that has garnered on the construct with four dimensions:
substantial interest in both academic and robustness, redundancy, inventiveness, and
industrial spheres. Despite the attention it has speed. Deniz and Arzu (2015) developed a three-
received, the description and magnitude of dimensional structure of organizational
organizational resilience are still undergoing resilience: robustness, agility, and integrity.
exploration in research. The current state of Strategically, McManus (2008) believes that a
research indicates a preliminary stage, with resilient organization should have situational
studies on organizational resilience generating awareness, key vulnerability management, and
varied conclusions, complicating the adaptive capacity. Akgün and Keskin (2014)
formulation of specific recommendations for considered competence orientation, deep social
crisis management (Chen et al., 2021). The capital, original/ unscripted agility, practical
existing research aligns with the habits, behavioral training, and wide resource
acknowledgment that there is a requirement to networks. In psychology and organizational
elucidate how effective management practices behavior, Weick (1993) states that the ability to
contribute to the process of enhancing improvise organizational wisdom, and respectful
organizational resilience. individual and social interactions have a great
impact on organizational resilience.
In a common understanding, organizational
resilience discusses an organization's ability to Legnick-Hall (2011) divided organizational
anticipate, react to, adapt to, and retrieve from resilience into cognitive dimensions, behavioral
disruptions, challenges, or crises. It involves the dimensions, and context dimensions. In other
capacity to withstand shocks, maintain essential words, a resilient organization must fully express
functions, and emerge stronger from adverse resilience in these three aspects. Cognitive
situations. Resilient organizations exhibit traits resilience is a conceptual orientation that enables
such as adaptability, agility, and robustness. an organization to observe, interpret, analyze,
These traits enable them to embrace change, and formulate responses in ways that go beyond
navigate uncertainties, and emerge stronger. simply surviving an ordeal. Behavioral resilience

446

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


is the engine that drives an organization forward. organizational system and individual resilience is
This property allows a firm to learn more about the main source of organizational resilience.
the situation and make full use of its own However, it should be noted that if the
resources and capabilities through collaborative individual has resilience, this does not mean that
actions. Contextual resilience provides the the groups or organizations he belongs to also
framework for integrating and utilizing cognitive have such characteristics, a process is needed to
resilience and behavioral resilience. Contextual achieve this.
resilience is composed of connections and
resources. Resilience is crucial in today's dynamic business
environment due to several factors that
Cunha (2013) deconstructed organizational contribute to the ever-changing and
resilience from three levels: individual level, unpredictable nature of the business landscape
group level, and organizational level. The
(represented in Figure 1).
employee is the basic element of the

Figure 1. Factors that Contribute to Continuous Change of the Business Landscape

Therefore, the key characteristics of minimizing the impact on the organization);


organizational resilience process refers to: Strategic Planning and Flexibility (clearly process of
Adaptability (the ability of organization to adjust setting goals, making decisions, and allocating
and thrive in the face of changing circumstances, resources to achieve long-term objectives,
whether they are internal or external to the considering potential risks and uncertainties);
organization); proactive Risk Management (the Organizational Culture (the shared values, beliefs,
existence of a dedicated department in charge and behaviors that shape the way people within
with the systematic identification, assessment, the organization interact and work); Supply Chain
and mitigation of risks that could impact the Resilience (the capacity of an organization's supply
organization's ability to achieve its objectives); chain to foresee, prepare for, answer to, and
effective Crisis Management and Response (the recuperate from disturbances); Employee Well-
existence of a set of processes, structures, and being (the state of physical, mental, and emotional
plans in place to manage and respond to crises, health and satisfaction of employees within the

447

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


organization); Information and Communication technical, environmental, epidemiological, daily,
Systems (the technologies and processes used to and natural hazards. The exploration of risk
collect, process, store, and disseminate perception literature is primarily driven by the
information within the organization); Learning recognition of substantial differences between
and Continuous Improvement (the organization's objective risk assessments by experts and
commitment to learning from experiences, intuitive risk judgments made by laypersons.
mistakes, and successes to continuously improve Consequently, it is essential to understand
its processes and capabilities); and, Governance and people's perceptions of risk and the factors that
Leadership (the systems and structures that guide influence them to improve risk assessment and
decision-making and the individuals responsible formulate effective resilience and adaptation
for providing direction and overs. policies. Understanding the risk plays an
essential role, serving as the initial stage for
reducing the effects and adapting the
Socio-Financial Disruption: A shifting organizational structure and culture. We are
Landscape precepting when our health and wealth are
affected (individually, institutionally, or at the
Recent headlines have been dominated by macroeconomic level) (Moşteanu, 2020b).
disasters, prompting organizations to reevaluate
their decision-making processes, reshape their A disaster is an event that completely disrupts
organizational culture, and prioritize disaster the normal functioning of a community, causing
recovery and business continuity plans. In the economic, social and environmental losses. It
wake of a disaster, the usual response from both often arises from a hazard, defined as a situation
organizations and individuals is to accelerate that poses a threat to life, health, the
recovery efforts and provide support to those environment, or property. Hazards are usually
who have been or may still be affected difficult to foresee or prevent. In a fundamental
(Moşteanu, 2020). Regrettably, getting back to sense, disasters are similar to outside
normal may not be a straightforward process and disturbances. Disaster usually is associated with
it may involve very different hazards than uncertainty. Consequently, the risk of disaster
organizations and employees deal with on a day- arises from the complicated interplay of
to-day basis (Busick, 2014). During the development processes that create conditions of
pandemic, many organizations focused on exposure, susceptibility, and hazard. Therefore,
preparing for potential economic and financial this risk is viewed as the fusion of the intensity
repercussions. However, even though most and occurrence of a hazard, the extent of people
knew that the outage could last three to nine and assets exposed to the hazard, and their
months or more, resulting in financial losses, susceptibility to harm. Disasters may trigger
only a few developed backup plans and initiated disastrous malfunctions in optical networks, as
staff training while testing contingency plans to many other systems failures may occur in a
ensure workplace resilience and business disaster zone. Such failures could also be
continuity. Here, it is crucial to understand the cascading. Generally, when a disaster occurs,
environmental factors that influence business initially a set of network elements may fail
continuity. altogether, and then other crashes in various
parts of the network may occur subsequently
Economists Rejda and McNamara (2017) have (e.g., due to a power outage after an earthquake,
defined risk in terms of uncertainty. Based on due to an epidemiologic, or a cyber-attack on
this concept, the risk is defined as uncertainty one important public administration) (Dikbiyik
concerning the occurrence of a loss. In the et al., 2014; Moşteanu., 2020c).
literature, risk perception studies (Grothmann
and Reusswig, 2006; Lindell and Perry, 2000; Current research has observed that in terms of
Slovic., 2000) have surveyed a wide range of resilience and change, the contemporary
hazardous events that mainly consist of business landscape is undergoing a profound
transformation because of various socio-

448

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


financial disturbances. These disruptions, as a losing market share and relevance in an
rule, arise from a confluence of technological increasingly conscious consumer environment.
advances, demographic changes, and global Global economic dynamics, including social and
economic dynamics, and have opened the way to commercial tensions, geopolitical uncertainties
a new era of challenges and opportunities for and ongoing challenges generated by different
businesses around the globe. pandemics (e.g., recent COVID-19 pandemic),
According to Kivimaa et al (2021), transition add another level of complexity to the socio-
processes are frequently attributed to the financial landscape (Korenand Pető, 2020). The
influence of technological and social interconnectedness of economies means that
innovations. It is recognized that these disruptions in one region can have cascading
innovations have the potential to significantly effects on businesses around the world. This
alter sociotechnical systems to a greater extent interdependence requires businesses to adopt a
(extension and transformation) or to a lesser more agile and resilient approach to navigating
extent (adaptation and conformation). Thus, this the uncertainties arising from these global forces.
research considers that certainly, one of the main The dynamic nature of these disruptions is
factors of socio-financial disruptions is the rapid evident in their varied impact on different
pace of technological innovation. The advent of industries. While technology-driven disruptions
artificial intelligence, automation and advanced could be a boon for the IT and technology
data analytics has not only simplified business sectors, they pose challenges for traditional
operations, but also led to the replacement of manufacturing and service industries.
traditional employment models. Businesses are
Demographic changes can also create
faced with the need to adapt to these
opportunities for companies in health, wellness
technological changes, with some industries
and sustainable products, while posing
facing the risk of obsolescence if they fail to
challenges for industries that rely on outdated
embrace and integrate these advances into their
business models.
operations.
The notion of disruption is not new, according
According to Monteil et al (2020), post-disaster
to (Pedersen et al., 2020), it has been around in
periods give rise to major short- and long-term
business discussions for a long time (Markides,
challenges for affected communities. In addition
2006). Over time, leadership and management
to the primary aspects of emergency response,
have tried to understand, to be prepared for
recovery measures exert both direct and indirect
disruptions. However, it seems that in recent
influence on the long-term development
years the Covid-19 pandemic, the galloping
trajectory of an affected community or
digitization and the dynamics of socio-political
organization. However, the complexities of
movements seems to have taken many
prolonged recovery procedures and the
businesses by surprise.
multitude of dimensions involved have yet to be
comprehensively explored. Contemporaneous To thrive in this evolving landscape, businesses
researchers have shown that in this case people must engage in a continuous process of analysis
are the crucial engine of sustainable recovery and adaptation. This involves monitoring socio-
(Chams et al., 2019; Panday et al., 2021; financial trends, understanding their industry-
Tompkins, 2005). Therefore, demographic specific implications and proactively implemen-
variations such as changing population structure ting strategies that align with prevailing
and moving further the consumer preferences disruptions. Organizations that successfully
contribute to socio-financial disruptions. The navigate and harness the power of these
rise of the millennial and Gen Z cohorts has led disruptions are not only positioned to endure
to a demand for more socially responsible and but thrive in an ever-changing business
sustainable business practices. Companies that environment.
fail to align their strategies with these values risk

449

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


The Crucial Link: Organizational tance is the requirement that the emergency
Resilience and Business Continuity team, consisting of senior management, engage
in effective and timely communication with the
Crisis management encompasses the media, insurance entities, and employees. Figure
management and facilitation of decision-making, 2 illustrates the crisis management process,
authorization, and provision of various highlighting the key actions that the dedicated
resources such as economic, personnel, and department, including the crisis team, should
technology. It also involves the coordination, consider promptly and carefully.
support, and implementation of on-site security
improvement measures. Of particular impor-

Figure-2. Crisis management process discipline (Moşteanu, 2020)

The crisis is not a time for the uninitiated, nor and/or overcome social disasters. In this context,
for learning, or reinventing things that should be it is beneficial to review, adapt and apply the 5E
known. Risks have many faces; many times, they rule (Engage, Explore, Explain, Execute and
are followed by socio-economic-financial Evaluate) where appropriate. The explanation
disruptions and crises (Moşteanu, 2020a). And phase of this process requires special attention. At
the financial and social crisis is not behaving this stage, the organization addresses its core
differently, they are following the same pattern values, strategic priorities and obtains a clear
(Nathanial and Van der Heyden, 2020). understanding of available resources. The
involvement of all employees in organizational
Learning from the past and preparing for the
activities becomes vital, emphasizing the
present and future are imperative. It is advisable
importance of team spirit. Achieving alignment
for the management of each organization to
across the organization is crucial, requiring the
establish a proactive risk assessment and response
creation of a shared policy understanding - a
mechanism to prevent disruptions of any nature

450

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


concise vision strategy or page. This ensures that by activity, focusing for present and next quarter,
all employees are aware of and agree with the year, and on a multi-year plan. Having a clear
organization's goals (Harnish, 2020). image of your action plan, shared with all
employees, will let everyone know where and
Effective management of financial and social
when to focus; they will be able to prepare their
crises to ensure business continuity requires a
own daily activity plan. The success of the
clear vision and strategy in the short, medium
institution’s activity continuity through financial
and long term. A prompt and clear review of the
and social crisis depends on the business’
business plan is essential to identify core values,
strategic priorities and employees. According to
goals and mission, aligning them with strategic
Harnish (2020) and Moşteanu (2020), the one-page
priorities. This facilitates the active participation
strategic plan should start from core values,
of all employees in rebuilding or ensuring
mission, and objective, which have to be
business continuity, with clear actions and
acknowledged by all employees, in this way they
deadlines for their achievement. Figure 2
will understand better their goals and activities,
presents the 5E rule.
helping them to complete timely the KPI.
Strategic priorities will help the organization to
optimally allocate (financial) resources, activity

Figure-3. Strategic priorities settings (Moşteanu, 2020)

Keeping the core values in mind, during crisis Values serve as general criteria or guiding
times, organizational culture and behavior have principles, influencing individuals' evaluations of
to adapt to the strategic prioritized emergency desirable or undesirable behaviors, events,
business plan and to be strictly obeyed. situations, and outcomes. These values play a
significant role in shaping employee behavior
Organizational design refers to the selection of
various resources and the reasons behind those and organizational effectiveness.
choices. It is about how and why. The organization The adaptability of an organization's culture to
uses its structure and culture as tools to environmental changes, its ability to motivate
accomplish primary goals. Organizational employees, retain resources, maintain market
culture is a system of shared values, shaped by presence and increase efficiency are directly
design and operational principles. It signifies a related to how members internalize the
set of shared values and norms that govern organization's values and recognize the
interactions among organizational members and importance of active involvement and giving.
with external entities such as suppliers, Refocusing on our strategic priorities and their
customers, and others. implementation by the crisis management team,
it is essential that we establish a new set of

451

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


guidelines for all employees. Comprehensive addition, embracing adaptability and flexibility
training is required to educate employees on contributes to an organizational culture that
disaster response protocols, including how to values innovation and continuous improvement.
navigate shifts from office to remote (online) This mindset allows companies to learn from
work. In this context, the organizational culture challenges, iterate on their approaches, and
should adapt, incorporating the principles of risk proactively identify and address potential risks.
prevention into an internal pre-disaster employee Essentially, the role of adaptability and flexibility
policy. Prioritizing employee protection is extends beyond mere survival; it becomes a
essential. Employees play a critical role in driving force for organizations to thrive in an
ensuring business continuity and guiding the ever-evolving business environment. In
organization through disaster phases, actively conclusion, organizational resilience,
participating in recovery efforts to restore underpinned by adaptability and flexibility, is
effectiveness and profitability. In case there are essential to ensure not only continuity but also
new skills and qualifications required, the lasting business success in the face of socio-
organization would better to run for active and financial challenges.
continuous learning process, to train the
employees timely (Moşteanu, 2020a,b).
Organizational resilience plays a critical role in Crucial Approaches to Strengthening
protecting business continuity, serving as a Organizational Resilience for
fundamental element that enables companies to Business Continuity
withstand and recover from various disruptions. In the quest for organizational resilience,
Examining the intricate relationship between identifying practical tips and strategies becomes
organizational resilience and business continuity paramount to strengthen a company's ability to
reveals that the former involves a compre- navigate uncertainties and challenges. A
hensive approach to anticipating, preparing for, fundamental approach involves conducting a
responding to, and recovering from unforeseen comprehensive assessment of present state of
events. This holistic perspective enables the organization; risks to identify potential
organizations to build robust frameworks that threats and vulnerabilities (for this there must be
not only address immediate challenges but also a risk management system); creating an effective
promote long-term sustainability. By investing in communication channel; invest in new
resilient systems, businesses improve their ability technological infrastructures. By understanding
to absorb shocks, adapt to changing the specific risks that could affect the
circumstances, and ultimately ensure organization, leaders can adapt resilience
uninterrupted operations. strategies to address these challenges proactively.
A crucial aspect of organizational resilience lies This risk-aware approach forms the basis for
in its reliance on adaptability and flexibility, building a resilient organizational framework.
especially when faced with socio-financial Thus, the organization is called to design systems
challenges. In today's dynamic and unpredictable and processes that are adaptable and flexible,
business landscape, companies must be agile in giving priority to the customer-centric approach,
responding to socio-economic changes, and the development of a business continuity
technological advances and other external plan, based on a solid relationship with suppliers
factors. The ability to quickly adapt to changing and vendors, robust insurance measures of
circumstances and remain flexible in the face of quality as well as a feedback mechanism to
socio-financial challenges gives organizations a ensure continuous improvement. By
competitive advantage. Companies that understanding the potential impact of various
prioritize adaptability can reassess strategies, socio-financial factors, organizations can
change business models and take advantage of develop strategies that allow them to quickly
emerging opportunities, ensuring not only adapt to changing circumstances. This could
survival but growth amid uncertainty. In include diversifying supply chains, creating

452

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


flexible workforce models and establishing This can create stress for employees, and they
robust communication protocols to keep must have the ability to cope with such an event,
stakeholders informed during difficult times. or they may want to leave the organization. This
ability to cope with stress is known as resilience
Integrating technology solutions and
(Connor and Davidson, 2003) and the
encouraging innovation are essential in
willingness to leave the organization is known as
improving business continuity. Using cutting-
turnover intention (Firth et al., 2004).
edge technologies such as artificial intelligence,
data analytics and cloud computing enables Effective leadership plays a critical role in
organizations to optimize their operations, fostering a resilient culture within an
making them more resilient to disruptions. organization, especially in times of socio-
Automating critical processes not only improves financial uncertainty. In times of crisis,
efficiency, but also minimizes the risk of human employees look to their leaders for guidance,
error. Additionally, embracing innovation allows reassurance, and a sense of direction (Moşteanu,
companies to stay ahead of the curve by 2021). A resilient culture starts at the top, with
proactively identifying new opportunities and leaders setting the tone and exemplifying the
adapting to emerging trends that may impact the values that will guide the organization through
business landscape. turbulent times. Leaders must cultivate an
environment that encourages adaptability, open
A holistic approach to proactive business
communication, and a collective commitment to
continuity encompasses not only reactive
strategies, but also a proactive mindset that overcoming challenges.
pursues ongoing improvement. This call for In the author's opinion and in the same line as
fostering a culture of adaptability and Suryaningtyas et al, in the design of strategic
responsiveness within the organization, management systems, organizational resilience
encouraging employees to embrace change and directly improves the organizational
think creatively when faced with challenges. By performance of human resources (Suryaningtyas
developing a resilient organizational culture, et al., 2019). Resilient leadership and
companies can better navigate uncertainties and organizational culture serve as mediating factors
position themselves to thrive in an ever-evolving in the relationship between organizational
business environment. In addition, fostering a resilience and performance. These elements
culture of adaptability and continuous learning is represent organizational capabilities to
critical to building organizational resilience. effectively navigate and manage disruptive
Encouraging employees to embrace change, stay challenges, ultimately contributing to improved
informed about industry trends, and actively organizational performance.
contribute to problem solving cultivates a A key aspect of leadership in times of crisis is
workforce that can easily respond to unexpected transparency. Leaders better communicate openly
disruptions. Organizations that prioritize and honestly with their teams, sharing
learning and adaptability empower their teams to information about the current situation, potential
navigate complex situations with agility, impacts on the organization, and steps taken to
ultimately contributing to overall enterprise navigate uncertainty. Transparency builds trust
resilience. and fosters a sense of unity, as employees feel
informed and included in the decision-making
process. Leaders who demonstrate authenticity
Leadership in Times of Crisis and vulnerability in difficult times create an
According to Wibowo and Paramita (2022), and environment where individuals are more likely to
in line with the present research, an unexpected come together, collaborate, and contribute to
change in the business environment could affect finding innovative solutions.
almost everyone in an organization, regardless of Effective leaders during times of socio-financial
the country and industry in which they work. uncertainty exhibit specific traits and take

453

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


decisive action to guide their organizations decisions that align with organizational goals and
through turbulent waters. Resilient leaders contribute to resilience.); Empowerment and
remain calm under pressure, demonstrating Delegation (Empower and delegate
emotional intelligence and the ability to make responsibilities to capable team members.
well-informed decisions in the face of Effective leaders trust their teams and empower
uncertainty. They are adept at managing change, them to take ownership of tasks, promoting
inspiring confidence and maintaining a positive resilience at all levels of the organization.);
outlook even when circumstances are difficult. Learning Culture (Foster a culture of continuous
Additionally, these leaders prioritize empathy, learning and improvement. Leaders who
understanding the unique concerns and needs of encourage a learning culture contribute to
their team members and providing support to organizational resilience by adapting and
help them navigate personal and professional evolving based on insights gained from
challenges. experiences.); Ethical Leadership (Uphold ethical
standards in decision-making. Ethical leadership
In addition to traits, leaders must take proactive
builds trust and integrity, which are foundational
actions to ensure organizational resilience. This
for organizational resilience.); Innovation,
includes strategic planning that anticipates
Adaptability and Flexibility (Leaders should be
potential disruptions, scenario analysis to assess
adaptable and flexible in their approach.
different outcomes, and developing agile
Adaptable leaders can navigate uncertainties and
response plans. Effective leaders also invest in
guide the organization through change,
the development of their teams, equipping them
contributing to overall resilience.)
with the skills and knowledge to adapt to
changing circumstances. By fostering a learning Therefore, leadership in times of crisis is
mindset within the organization, leaders essential in shaping the resilience of an
empower their teams to continuously evolve and organization. Leaders must actively foster a
thrive in the face of adversity. culture of adaptability and transparency,
embodying traits such as emotional intelligence
Leadership management in order to build a
and decisiveness. By taking proactive action and
resilient organization and ensure effective
demonstrating empathy, effective leaders create
management, you must take into account a
an environment where teams can navigate socio-
number of elements, such as: A clear vision and
financial uncertainty with confidence and unity,
strategic direction (Leaders should provide a clear
ultimately ensuring the organization's ability to
vision and direction for the organization. A clear
vision and mission help guide decision-making thrive in the face of adversity.
and aligns the organization toward common
goals.); Inclusive Leadership (Practice inclusive
leadership that values diverse perspectives and Wrap-Up and Entreaty for Action
contributions. Inclusive decision-making Finally, the research can conclude that exploring
incorporates a range of viewpoints, leading to organizational resilience and business continuity
more robust and well-informed decisions.); underscores their essential roles in navigating the
Decisiveness (Leaders must be decisive, especially unpredictable terrain of today's dynamic
in times of crisis. Decisive leadership is crucial business environment. Several key takeaways
for swift and effective decision-making during emerged from our review, underscoring the need
disruptions.); Communication Skills (Effective for proactive measures to fortify organizations
leaders are skilled communicators. Clear against potential disruption. First, recognizing
communication ensures that decisions are the inevitability of challenges and disruptions is
understood, and it helps maintain transparency the first step to building resilience.
and trust within the organization.); Strategic Organizations need to take a forward-thinking
Thinking (Leaders should think strategically and approach, recognizing that change is constant
consider the long-term impact of decisions. and that preparation is the cornerstone of
Strategic thinking enables leaders to make sustainable success.

454

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


It is crucial that businesses cultivate a resilient management to meet evolving challenges. As
mindset that permeates their organizational research concludes, it distills key takeaways,
culture. This mindset involves fostering durging businesses to adopt an integrated
adaptability, agility and a robust risk approach to fortify their foundations. The call to
management strategy. By doing so, companies action encourages readers to assess and enhance
can not only weather unforeseen storms, but their organization's resilience, risk management,
also turn challenges into opportunities for and business continuity practices, providing a
growth and innovation. Resilience is not just a roadmap for navigating the uncertainties of
reactive response, but an ongoing commitment tomorrow.
to learn, adapt and evolve in tandem with the
ever-changing business landscape.
Conflict of Interests
As the present workpaper concludes this
discussion, the research extends a call to action No conflict of interest.
for businesses to seriously assess their current
state of resilience. This introspection involves a
comprehensive assessment of operational References
vulnerabilities, supply chain dependencies and Akgün, A.E. & Keskin, H. (2014).
the effectiveness of existing business continuity Organisational resilience capacity and firm
plans. By conducting such assessments, product innovativeness and performance.
organizations can identify areas for International Journal of Production Research, 52(23),
improvement and implement strategic measures 6918-6937.
to increase their overall resilience. https://doi.org/10.1080/00207543.2014.910624
To support this journey to organizational Annarelli, A. & Nonino, F. (2016). Strategic and
resilience, the present research encourages operational management of organizational
readers to explore additional resources that resilience: Current state of research and future
provide in-depth information and practical directions. Omega, 62, 1-18.
guidance. A wealth of tools, frameworks and https://doi.org/10.1016/j.omega.2015.08.004
case studies are available to help develop and Busick, J. (2014). Disaster recovery. Safety
implement robust resilience strategies. Whether Compliance Letter, 5(2562), 5.
through industry-specific publications, seminars,
or interaction with subject matter experts, Chams, N., & García-Blandón, J. (2019). On the
continuing education is essential to stay on top importance of sustainable human resource
of best practices and emerging trends. management for the adoption of sustainable
development goals. Resources, Conservation and
In closing, let's collectively take up the challenge Recycling, 141, 109-122.
to foster resilience within our organizations. By https://doi.org/10.1016/j.resconrec.2018.10.006
doing so, we not only prepare for tomorrow's
uncertainties, but also pave the way for a future Chen, R., Xie, Y., & Liu, Y. (2021). Defining,
where business thrives in the face of adversity. conceptualizing, and measuring organizational
The call to action is clear – strengthen your resilience: A multiple case study. Sustainability,
organization, cultivate a resilient mindset and 13(5), 2517. https://doi.org/10.3390/su13052517
embark on a journey of continuous Connor K. M., & Davidson J. R. T. (2003).
improvement to ensure sustained success in an Development of a new resilience scale: The
ever-evolving business landscape. connor-davidson resilience scale (CD-
RISC). Depression and Anxiety, 18(2), 76-82.
https://doi.org/10.1002/da.10113
Conclusion Dikbiyik, F., Tornatore, M., & Mukherjee, B.
The article advocates for a continuous cycle of (2014). Minimizing the risk from disaster failures
monitoring, adaptation, and dynamic risk in optical backbone networks. Journal of Lightwave

455

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


Technology, 32(18), 3175-3183. Kantur, D. & Say, A.I. (2015). Measuring
https://doi.org/10.1109/jlt.2014.2334713 organizational resilience: A scale
Duchek, S. (2020). Organizational resilience: a development. Journal of Business Economics and
capability-based conceptualization. Business Finance, 4(3), 456-472.
research, 13(1), 215-246. https://doi.org/10.17261/Pressacademia.20153
https://doi.org/10.1007/s40685-019-0085-7 13066
Firth L., Mellor D. J., Moore K. A. & Loquet C. Lengnick-Hall, C.A., Beck, T.E. & Lengnick-
(2004). How can managers reduce employee Hall, M.L. (2011). Developing a capacity for
intention to quit? Journal of Managerial Psychology, organizational resilience through strategic
19(2), 170-187. human resource management. Human resource
https://doi.org/10.1108/02683940410526127 management review, 21(3), 243-255.
https://doi.org/10.1016/j.hrmr.2010.07.001
Grothmann, T., & Reusswig, F. (2006). People
at risk of flooding: Why some residents take Lindell, M. K., & Perry, R. W. (2000). Household
precautionary action while others do not. Natural adjustment to earthquake hazard: A review of
Hazards, 38(1-2), 101-120. research. Environment and Behavior, 32(4), 461-
https://doi.org/10.1007/s11069-005-8604-6 501.
https://doi.org/10.1177/00139160021972621
Harnish, V. (2020). Why A one page vision
summary is critical for your business growth and Linnenluecke, M.K. (2017). Resilience in
how to create your own. Growth Institute. business and management research: A review of
Retrieved from influential publications and a research agenda.
https://blog.growthinstitute.com/scale-up- International Journal of Management Reviews, 19(1),
blueprint/one-page-vision-summary 4-30. https://doi.org/10.1111/ijmr.12076
Hillmann, J., & Guenther, E. (2021). Markides C. (2006). Disruptive innovation: In
Organizational resilience: a valuable construct need of better theory. Journal of Product Innovation
for management research? International Journal of Management, 23(1),19–25.
Management Reviews, 23(1), 7-44. https://doi.org/10.1111/j.1540-5885.2005.00177.x
https://doi.org/10.1111/ijmr.12239 McManus, S. (2008). Organisational resilience in
Holling, C. S. (1973). Resilience and stability of New Zealand [Ph. D. thesis]. Univ. of Canterbury,
ecological systems. Annual review of ecology and Christchurch, New Zealand.
systematics, 4(1), 1-23. Monteil, C., Simmons, P., & Hicks, A. (2020).
Hollnagel, E., Woods, D.D. & Leveson, N. eds., Post-disaster recovery and sociocultural change:
2006. Resilience engineering: Concepts and precepts. Rethinking social capital development for the
Ashgate Publishing, Ltd.. new social fabric. International Journal of Disaster
Risk Reduction, 42, 101356.
Kivimaa, P., Laakso, S., Lonkila, A., & Kaljonen, https://doi.org/10.1016/j.ijdrr.2019.101356
M. (2021). Moving beyond disruptive
innovation: A review of disruption in Moşteanu, N. R. (2023). Charting the Financial
sustainability transitions. Environmental Innovation Landscape: ECU, SDR, BRICS, and
and Societal Transitions, 38, 110-126. Cryptocurrencies - Addressing Challenges and
https://doi.org/10.1016/j.eist.2020.12.001 Paving the Path Forward. European Journal of
Theoretical and Applied Sciences, 1(5).
Koren, M. & Pető, R. (2020). Business
disruptions from social distancing. Plos Moşteanu, N. R. (2020a). Socio-Financial
one, 15(9), p.e 0239113. Disruption–Key Tips to Manage and Ensure the
https://doi.org/10.1371/journal.pone.0239113 Business Continuity. Global Journal of Social
Sciences Studies, 6(2), 87-95.
Gilbert, C., Eyring, M. & Foster, R.N. (2012).
Two routes to resilience. Harvard Business Moşteanu, N. R. (2020b). Management of
Review, 90(12), 65-73. disaster and business continuity in a digital

456

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1


world. International Journal of Management, 11(4), Slovic, P. (2000). Perception of risk. Series: Earthscan
169-177. https://ssrn.com/abstract=3600760 risk in society ser (pp. 280–285): Taylor & Francis
Moşteanu, N. R. (2020c). Challenges for Group.
organizational structure and design as a result of Suryaningtyas, D., Sudiro, A., Eka, T. A. & Dodi,
digitalization and cybersecurity. The Business & I. W. (2019). Organizational resilience and
Management Review, 11(1), 278-286. organizational performance: examining the
https://doi.org/10.24052/BMR/V11NU01/A mediating roles of resilient leadership and
RT-29 organizational culture. Academy of Strategic
Moşteanu, N. R. (2021). Artificial Intelligence Management Journal, 18(2), 1-7.
Helping the Fight against COVID-19. Sutcliffe, K. M., & Vogus, T. J. (2003).
Supporting the Pharmaceutical Industry beyond Organizing for resilience. Positive organizational
the Financial Aid. Proceedings of ICSEB '21, scholarship, 94-110.
ACM, 55–60. Tompkins, E. L. (2005). Planning for climate
https://doi.org/10.1145/3507485.3507495 change in small islands: insights from national
Nathanial, P., & Van der Heyden, L. (2020). hurricane preparedness in the Cayman
Crisis management: Framework and principles Islands. Global Environmental Change, 15(2), 139-149.
with applications to CoVid-19. INSEAD https://doi.org/10.1016/j.gloenvcha.2004.11002
Working Papers Collection, 17, 1–8. Walker, J. & Cooper, M. (2011). Genealogies of
http://dx.doi.org/10.2139/ssrn.3560259 resilience: From systems ecology to the political
Rejda, G. E., & McNamara, M. J. (2017). economy of crisis adaptation. Security
Principles of risk management and insurance dialogue, 42(2),143-160.
(13th ed., pp. 64). Edinburgh: Pearson. https://doi.org/10.1177/09670106113996
Panday, S., Rushton, S., Karki, J., Balen, J., & Wibowo, A. & Paramita, W. (2022). Resilience
Barnes, A. (2021). The role of social capital in and turnover intention: the role of mindful
disaster resilience in remote communities after leadership, empathetic leadership, and self-
the 2015 Nepal earthquake. International Journal of regulation. Journal of Leadership & Organizational
Disaster Risk Reduction, 55, 102112. Studies, 29(3), 325-341.
https://doi.org/10.1016/j.ijdrr.2021.102112 https://doi.org/10.1177/154805182110687
Pedersen, C. L., Ritter, T. & Di Benedetto, C. A. Weick, K.E. (1993). The collapse of
(2020). Managing through a crisis: Managerial sensemaking in organizations: the Mann Gulch
implications for business-to-business disaster. Administrative science quarterly, 38(4), 628-
firms. Industrial Marketing Management, 88, 314- 652.
322. Xiao, L., & Huan C. (2017). Organizational
https://doi.org/10.1016/j.indmarman.2020.05. resilience: The theoretical model and research
034 implication. In ITM Web of Conferences, 12, 04021.
Powley, E.H., 2009. Reclaiming resilience and EDP Sciences.
safety: Resilience activation in the critical period https://doi.org/10.1051/itmconf/2017120402
of crisis. Human relations, 62(9),1289-1326. 1
https://doi.org/10.1177/0018726709334881 Pina e Cunha, M., Castanheira, F., Neves, P.,
Tierney, K.J. (2003). Conceptualizing and Story, J., Rego, A. & Clegg, S. (2013). Resilience
measuring organizational and community in Organizations. Working Paper nr. 573.
resilience: Lessons from the emergency response
following the September 11, 2001 attack on the
World Trade Center.

457

www.ejtas.com EJTAS 2024 | Volume 2 | Number 1

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy