Which factor enhances an organization’s resilience to risks?

Investing in training and development for employees significantly enhances an organization’s resilience to risks by ensuring that employees are well-prepared to handle unforeseen challenges and adapt to changing circumstances. When individuals receive ongoing education and skills training, they are better equipped to identify potential risks, develop innovative solutions, and implement best practices in risk management. This initiative not only builds a more knowledgeable workforce but also fosters a culture of continuous improvement and proactive risk mitigation.

Furthermore, a trained workforce is likely to respond more effectively during times of crisis, reducing the impact of risks on the organization as a whole. This capability is vital in today's fast-paced and often unpredictable business environment, where organizations must navigate a wide array of challenges. By prioritizing employee development, an organization can strengthen its overall risk management strategy and increase its agility in the face of adversity.