Which Capability Area deals with identifying threats and opportunities?

The Capability Area that focuses on identifying threats and opportunities is indeed Managing Business Resilience. This area emphasizes the importance of organizations being proactive in recognizing potential risks that could disrupt business operations, as well as opportunities that can enhance their resilience and competitive advantage.

Managing Business Resilience involves a comprehensive approach that includes risk assessment, mitigation strategies, and the ability to adapt to changes in the environment. By systematically identifying and evaluating threats, organizations are better equipped to develop response plans that minimize the impact of adverse events on their operations. Additionally, this area encourages organizations to seek out opportunities that can improve their performance and lead to growth, thereby enhancing overall sustainability.

The other Capability Areas, while relevant in their own contexts, do not primarily address the identification of threats and opportunities in the same dedicated manner as Managing Business Resilience does.