New tool helps boards measure business resilience
- Published: Friday, 07 October 2016 10:07
A new tool measuring a business’ ability to respond to a crisis has been launched. CrisisOptic quantifies business resilience in ten key areas, from governance and risk management to operational response. Using a carefully weighted assessment system, it generates a bespoke Business Resilience Score and visual dashboard presentation based on the examination of 112 data points.
Risk, issues and crisis experts from Instinctif Partners, who developed the diagnostic tool, then prepare a brief report to accompany the score that can be used to inform policies, procedures and capabilities, to strengthen risk and issues management, and crisis preparedness.
CrisisOptic is based on international best practice for crisis management – including the BS 11200:2014 standard – and Instinctif Partners’ end-to-end methodology developed while working with clients from global brands to government regulators and SMEs.CrisisOptic is free to use for a limited time. After the two-month free introductory period, Instinctif Partners will charge companies £5,000 to access the tool. Businesses wishing to use CrisisOptic should go to https://optic.instinctif.com to apply for their own secure dashboard.