Independent research commissioned by British Standards Institution (BSI), the business standards company, explores the top threats to organisational resilience, with macroeconomic uncertainty ranked top ahead of disruptive competition and information security.
The 120 CEOs polled from around the globe, show how fragile modern operations with global supply chains are.
Two thirds (64 per cent) of bosses admit that the concept of organisational resilience is inconsistently understood across their business, despite 70 per cent believing it to be vital to the long-term viability of their operation.
"CEOs may become so risk averse that they're not only missing out on opportunities, but potentially undermining the long-term resilience of their organisations. Leaders need to have confidence in the ability of their team to remain agile and adaptive, while maintaining robust processes in the face of uncertainty.
"Ultimately today's challenging conditions offer an opportunity to forge stronger team dynamics and delivery," the report said.
Just a quarter (25 per cent) entrusted responsibility to colleagues below C-level in their seniority.
"Change must be led from the top. Organisations can be surprisingly naive, ignoring advice and best practice until they experience a setback themselves. CEO resignations aren't just token sacrifices; they are a symptom of a wider malaise.
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