- Is your business prepared for a fire or loss of IT?
- Is it prepared for the loss of a key worker or key supplier?
One in five businesses suffer a major disruption of this kind every year.
Eighty percent of businesses affected close within 18 months.
Preparing for emergencies is therefore an essential requirement for any business, whether commercial or charity, wishing to deliver services, remain competitive and protect staff-members.
Business Continuity Management (BCM) is the crucial step to protecting the needs of an organisation against the many disasters businesses face today.
It is 'the act of anticipating incidents which will affect [business] critical functions and processes for the organisation and ensuring that it responds to any incident in a planned and rehearsed manner' (Business Continuity Institute, 2003), combining human resource management, health and safety and public relations management.
Without BCM, a disaster could result in:
- loss of work to competitors
- failures with your supply chain
- loss of reputation
- human resources issues
- health and safety liabilities
- higher insurance premiums
For further information follow the link below: