The world is more volatile, uncertain, complex and ambiguous than ever before, especially as we begin to navigate the economic, societal and financial impacts of COVID-19. Re-assessing strategic priorities and adapting to survive and thrive are just some of the changes that organisations must make in order to respond effectively to the challenges.
Understanding risk and the level of exposure to uncertainties is critical as charities work hard to achieve their objectives.
The key is understanding what could or must change and the known or recognised risks and opportunities, to ascertain the gap between the uncertainties and the risks. This requires looking beyond the obvious, and considering both direct and indirect factors to evaluate the short and long term implications.
The pandemic has taught us that we need to focus on seven key areas: