The Chartered Institute of Management Accountants launched its Business Resilience Toolkit in a bid to support finance professionals and business leaders in building resilience amid economic uncertainty and challenging conditions.
The move comes as business insolvencies in Asia are projected to rise by 5% in 2025 and 6% in 2026, reflecting the financial vulnerability many businesses face, thereby highlighting the need to implement proactive, long-term strategies that prioritise sustainable growth and resilience.
Considering this, the Institute calls on finance leaders not just to manage risk, but to lead the strategic response. The resource offers a range of financial tools, strategic frameworks, and thought-provoking prompts to help organisations, including:
- Scan the external environment with clarity
- Evaluate how economic shifts may impact different parts of the business
- Adapt strategies to not only weather uncertainty but identify new opportunities
Further, the toolkit seeks to encourage fresh thinking regarding how uncertainty and volatility interact with the different parts of an organisation and explores some key areas for businesses and offers a set of prompts to help evaluate how shifting conditions could impact their business model, strategy, and operations.
