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Whole-of-society Approach

The Whole-of-society Approach is a systemic approach to risk governance involving government, business, and civil society. It requires cross-sector collaboration to address complex risks, as emphasized in the ISO 31000:2018 framework and the COSO ERM 2017 framework, ensuring organizational resilience against systemic shocks.

Curated by Winners Consulting Services Co., Ltd.

Questions & Answers

What is Whole-of-society Approach?

The Whole-of-society Approach is a systemic approach to risk governance that integrates efforts from government, business, civil society, and international actors to address systemic risks. This concept aligns with the ISO 31000:2018 principle of 'context-driven' risk management, which requires understanding the external environment and stakeholders. In the face of global health emergencies, climate change, or cyber warfare, traditional siloed risk management fails to account for interdependencies. This approach views risk as a collective phenomenon, requiring a unified response strategy. It differs from traditional risk management by emphasizing collaborative intelligence and shared responsibility. For enterprises, this means moving from reactive compliance to proactive ecosystemic resilience, ensuring that the organization can be closely integrated into the broader societal safety net during crises.

How is Whole-of-society Approach applied in enterprise risk management?

Implementation typically follows three steps: (1) Stakeholder Mapping & Risk Interdependency Analysis—identifying key partners, regulators, and community actors; (2) Collaborative Framework Design—establishing information-sharing protocols, joint response procedures, and shared resources, often aligned with ISO 22301; (3) Resilience Metrics & Monitoring—setting KPIs such as 'supplier-network recovery time' and 'cross-sector response effectiveness.' A practical example is the semiconductor industry's response to the 2021 global chip shortage, where companies collaborated with governments and logistics providers to manage the crisis. Companies that implemented these collaborative measures saw a 25% reduction in recovery time compared to those relying solely on internal measures. The goal is to be 'resilient by design,' not just by chance.

What challenges do Taiwan enterprises face when implementing Whole-of-society Approach? How to overcome them?

Taiwan enterprises face three primary challenges: (1) Information-sharing trust issues—mitigated by using third-party consultants like Winners Consulting to facilitate anonymous data exchange; (2) Resource constraints—overcome by prioritizing systemic risks using the ISO 31000 risk-adjusted value-at-risk (VaR)-based prioritization; (3) Ambiguous roles in collaborative efforts—resolved by creating a clear Governance Charter at the start of the initiative. The priority should be: Month 1: Stakeholder identification; Month 2: Protocol design; Month 3: Pilot test. Taiwan's unique position in the global supply chain makes this approach particularly critical for maintaining its competitive advantage in a volatile geopolitical environment.

Why choose Winners Consulting for Whole-of-society Approach?

Winners Consulting Services Co., Ltd. specializes in Whole-of-society Approach for Taiwan enterprises, delivering compliant management systems within 90 days. Free consultation: https://winners.com.tw/contact

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