Each year around one in five businesses suffer a major disruption and those with no form of recovery plan have a greatly reduced chance of survival.
How quickly - and painlessly - organisations manage to get back to "business as usual" in the event of a major interruption, such as fire, flooding or even terrorist attacks, depends on how effectively they can devise and activate business continuity management (BCM) arrangements.
What is Business Continuity Management (BCM)?
Business Continuity Management (BCM) is a holistic management process that identifies potential threats to an organisation and the impacts to business operations those threats, if realised, might cause.
Business Continuity provides a framework for building organisational resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities.
What are the benefits of business continuity?
The benefits of having effective business continuity management in place are:
- The business will be proactively identifying the impacts of an operational disruption which will increase customer confidence.
- The business will have in place an effective response to disruptions which minimises the impact on the organisation (and could be a competitive advantage)
- Business continuity will encourages cross team working and organisational resilience
If you do not have a business continuity plan, this 10 minute assessment will help to outline issues you need to consider, in order for you to prepare for an incident should one occur.
How to implement business continuity?
In most cases business continuity planning can be done by you or your staff using information freely available on the Internet. With this information you can:
- Identify your essential resources
- Use a ten minute checklist to assess how prepared you are
- Download free templates, checklists and more
- Access business continuity advice
- Review case studies of companies who have been affected by major business interruption