A range of internal and external risks could negatively impact your organisation and interfere with the normal running of your business.
It is critical that your organisation understands and effectively prepares for these risks to ensure its survival.
The importance of business continuity planning
Business continuity is a form of risk management that deals with the risk of business activities or processes being interrupted by external factors.
This is an increasingly important function as even minor interruptions can have significant consequences.
Examples of business continuity disasters include:
- Fuel crisis;
- Communications failure;
- Industrial action; and
- Loss of business facilities because of fire, flooding, theft and vandalism.
Effective business continuity management (BCM) ensures your organisation is able to provide a minimum acceptable service in spite of a disaster, and helps preserve corporate reputation, image and revenue.
Knowing what threats your organisation is facing and which of those could present a risk to its survival is vital.
Learn from previous business continuity disasters
January’s book of the month, In Hindsight: A compendium of Business Continuity case studies, is an essential guide for anyone working in business continuity planning or disaster recovery.
Taking apart real-life disasters from the past 30 years, including the Barings Bank collapse and the Gloucestershire flooding, this book reveals the themes that contributed to each and demonstrates the potentially devastating results for organisations that have not planned for the worst.
Learn how you can avoid making similar mistakes, reduce risks and enable faster recovery when things do go wrong with In Hindsight: A compendium of Business Continuity case studies.