Researchers from the University of Sheffield, led by Professor Lenny Koh, in collaboration with Rolls-Royce have developed a new approach to quantifying and enhancing organizational resilience.
The approach is explained in a new academic paper, ‘Quantifying Organisational Resilience: An Integrated Resource Efficiency View’, which was recently published in the International Journal of Production Research.
Utilising the Integrated Resource Efficiency View (IREV) framework, the study identifies four key levers crucial for organizational resilience, which the researchers have formulated into the Organizational Resilience Index (ORI).
The ORI provides leaders and decision-makers with a practical tool to assess and improve resilience effectively.
The four crucial levers for organizational resilience are:
- Resiliency Management (RM)
- Organizational Learning Capacity (OLC)
- Business Continuity (BC)
- Operational Flexibility (OF)
In tandem with this research, a tool has been developed in partnership with Rolls-Royce, aimed at bolstering resilience and efficiency in high-value manufacturing industries such as aerospace, automotive, and rail. The tool, born out of Project FPSCRS (Future Proof Supply Chain Resilience and Security), establishes a Resilience Index Scorecard System hosted online, offering a quantitative scale for resilience measurement and qualitative insights.