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Are You Resilient? Your Tech Function Can Tell You.
By optimizing technology costs, sourcing, and management, businesses can thrive amid disruption. Here’s how the most resilient companies do it.
In times of volatility, the most successful leaders turn uncertainty into opportunity, activating a business resilience strategy that is forward-looking, resilient, and competitive. No matter their starting point, BCG can help.
Business resilience is the capacity to absorb stress, recover critical functionality, and thrive in altered circumstances, and it has become a key indicator of a company’s overall health. Resilient companies enjoy better outcomes than their peers in three ways: an external shock can have a lesser impact on their performance, the speed of their recovery can be faster, and the extent of their recovery can be greater.
Downturns and disruptions are inevitable. Whether companies lose momentum or—preferably—adapt and advance comes down to one thing: business resiliency.
No two resilience journeys are the same, with each path forward individually based on region and industry, so BCG’s business resilience consulting experts help leaders recognize their starting points and guide them each step of the way. Our business resilience framework—sense, adapt, thrive, and transform—equips leaders managing uncertainty with a head-on strategy and a more long-term approach for business resilience planning.
BCG’s sense, adapt, thrive, and transform approach is a dynamic strategy mindset that helps leaders chart their course for the future and build a more resilient enterprise, no matter their starting point. Our business resilience consulting teams help companies reinforce their positions and create functional advantage, even at times of disruption.
A major health care company faced challenges hitting its growth targets in an increasingly competitive market. BCG developed a resilience transformation plan to enable the company to re-invest in growth. We pursued end-to-end cost management and top-line business resilience tactics including streamlining the organizational structure, automating processes, and optimizing where and how to invest across product, marketing, and distribution, leading to a +40% increase in stock price by the completion of the transformation.
The CEO's Dilemma: Building Resilience in a Time of Uncertainty offers a playbook to leaders looking to build more resilient organizations. Explore our deep dives on everything from shoring up supply chain resilience to creating value by embedding sustainability into business resilience strategy, and more.
By optimizing technology costs, sourcing, and management, businesses can thrive amid disruption. Here’s how the most resilient companies do it.
A BCG survey of C-suite leaders reveals how they are setting priorities and taking action.
Artificial intelligence can provide optimized solutions to three key retailer concerns: rising cost of goods, declining consumer spending, and supply chain volatility.
BCG Executive Perspectives offer insights on global topics that matter most to leaders in the public and private sectors. Explore the latest edition from our team of experts, introducing how AI will shape the future of functions.
Successful initiatives depend on a holistic approach that considers every aspect of the organization and uses quick wins to fund long-term initiatives for future growth.
BCG’s research reveals six key success factors and the steps companies need to take to drive innovation, gain competitive advantage, and build for the future.