The assessment ranks the companies on a scale from 1 (the least resilient) to 10 (the most resilient).
The assessment reflects the company's ability to adapt and progress in demanding conditions. The aim of adaptation is not mere »survival« but quicker recovery and creation of an advantage on the market.
Business resilience is built on the integrated management of numerous elements. Sound finances do not contribute to long-term business resilience if the company does not have a clear strategy, responsive organisation, motivated employees, research and progress via development, diversification of sale and procurement as well as broader inclusion into the environment.
Financial soundness is a shield against vulnerability in case of late-payment culture and limitation of loans in the business environment.
A clear strategy is regularly monitored, includes a large proportion of employees and manages to realise strategic goals.
The responsiveness of the organisation and people makes a key contribution to the adaptation to new (crisis) conditions. The synchronisation of company priorities and employees attracts talent.
Maximising efficiency can negatively affect resilience. It is necessary to provide diversity, »golden« reserves, and the ability to learn.
Only resilient companies constantly regenerate, survive and succeed in the long run.
The business resilience diagnostics tool is unique.
The measurement result shows the advantages and vulnerabilities of your company compared to those that have already participated in the measurement. The measurement takes place via an on-line questionnaire with 49 questions, to which 21 indicators from publicly accessible data are added, as well as our expert judgement (GVIN, AJPES, bizi.si, websites of participating companies). Based on a total of 70 indicators with adapted weights, we calculate your assessment and provide all comparisons with other companies.
Over 100 companies and key managers have already participated in the extended resilience measurement research. The sample of all assessed companies is representative in all industries and for all company sizes. The comparison data is aggregated and anonymous. When performing the measurement, we focus on 9 key areas of the company's business operations and take into account the established standards of best financial, business, organisational, and leadership practices.
After taking part in the measurement, you receive feedback in the form of a report, which includes: your individual assessment, differences by areas compared to other companies, a detailed business resilience index, balance index and change potential.
The standardised questionnaire is not ideal for micro-companies, companies with a turnover under EUR 0.5 million or less than 5 employees, as well as companies whose business activities are classified under B, K and from O to S marks. These limitations can be resolved with an individual approach to your company.
Do you have problems dealing with turbulent times? Did you realise that you are unprepared? Did opportunities suddenly arise that you are missing out on?
If your answer is yes, it is time for you to increase your business resilience! Set your business resilience as your fundamental competence and business imperative and integrate business resilience into all your crucial business areas. Dedication to adaptation is the best jumping board for achieving a high resilience.
A company that finds itself in a crisis situation (e.g. Covid-19) and is already fundamentally less resilient, has a double problem. But there is a way that can lead the company out of the crisis situation, and with greater resistance. The first responses go in the direction of critical management (getting rid of the ballast), identification of quick opportunities on the market, acceleration of improvements, and understanding fundamental shifts in the industry, which represents a foundation for innovation.
In calmer times, there are many good opportunities for preventive increase of resilience, more time for learning and advancing via understanding the environment and own weaknesses, which represents a foundation for new strategic plans, organisational adaptations, diversification of sales, and last but not least, lessons that eventually lead to a change of behaviour.
Valior d.o.o. has been engaged in business resilience research and company measurement since 2018, with the prediction of a coming crisis. The crisis came, more obstinate and completely different than the world expected, as it is first and foremost a medical crisis that has exceptional economic and social consequences.
By deepening our research and measurement of business resilience, we continue our mission to support companies in dealing with all these new circumstances. We have additionally included even more experts and prepared an in-depth document entitled White Paper on Managing and Measuring Business Resilience of a Company in times of crisis and in times of no crisis, intended for a broader public, which is available here.
We have broad experience in the field of finances and also in the soft skills of business optimisation. We have dealt with companies in serious trouble that procrastinated in making radical changes, as well as healthy companies that are intelligently focusing on prevention. We have completed a multitude of projects in the field of financial and business consultation, rehabilitations, and complex restructuring of companies. This width enables us to have a comprehensive insight into the key factors affecting the business resilience of companies.
Contact us, if you need an in-depth and unique insight into the business resilience of your company and potential measures for its increase. We would be happy to help you.