Instinctif Partners has launched a crisis management tool to help companies measure the resilience of their business.
CrisisOptic is the new tool and it measures resilience in 10 key areas; from governance and risk management to operational response. It generates a business resilience score based on the examination of 112 data points.
Along with the score, Instinctif Partners will prepare a brief report to inform policies, procedures and capabilities at the business and prepare companies for a potential crisis situation.
Andrew Caines, group technical director at Cranswick plc, which was involved in the beta-testing of CrisisOptic, said: “Business leaders need to measure how well their organisation can withstand a world that is volatile, uncertain, complex and ambiguous. The Turnbull Report established standards of risk management back in 1999 and since then businesses have been crying out for a quick way to evaluate how resilient they might be in the event of a crisis.
“CrisisOptic delivers precisely such insights in a swift and straightforward way. It’s the most powerful way I have seen to measure an organisation’s ability to bounce back from setbacks, keep going in the face of adversity, and adapt to change.”
Victoria Cross, who leads Instinctif Partners’ risk, issues and crisis team, added: “CrisisOptic is a game-changer for business resilience, antifragility, and risk and crisis management. Until now it’s been impossible to quickly identify strengths and weaknesses across an organisation and comprehensively compare the results against a peer group. But this is exactly what CrisisOptic provides. It’s fast, accurate and will enable organisations to focus finite resources on the specific areas where they are most exposed.”