The Russian invasion of Ukraine continues to be a humanitarian catastrophe. Our responsibility as leaders is, and continues to be, to do everything we can to ensure the safety and well-being of our employees and their families. But also we must mitigate the risks of this ongoing crisis to our organizations.
Since the invasion began, our clients have found it helpful to access insights and tools for a suite of executives, who have had to work closely together to set immediate- and longer-term strategies to ensure their organization’s operational, financial and strategic resilience.
We don’t yet know how extensive or protracted the impacts of Russia’s invasion of Ukraine will be, but we’ve found that management of a range of risks over the next one to three years has come to the forefront. Some are stable for now; others are escalating. All need preparation.
Here we outline some of the major business risks facing business leaders in the medium-term. Most important is to break down silos of business information and decision making that could slow or even stop your enterprise’s response at critical moments. You must be able to detect rapid shifts in information and then act on it quickly. If need be, issue a board edict for the CEO to force information sharing across enterprise silos to enable you to sense and respond.
(Gartner clients can log in as usual to read a range of extensive resources related to the geopolitical, economic and business impacts of Russia’s invasion of Ukraine.)
We hope you will find these resources to be of practical help at this time.
Chief of Research, Gartner