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Business Continuity Management - Expecting the Unexpected
How would your business cope in a crisis? Do you have a Business Continuity Management (BCM) plan to guide your recovery? Or are you just leaving it to luck?
If you would like some free, excellent and straightforward advice on how to plan and implement business continuity management in your business or organisation, this is available at:
london prepared
preparing for emergencies
According to AXA research, three-quarters of small and medium-sized enterprises (SMEs) are risking everything through lack of survival planning. One third admit to relying on luck to make important business decisions. Despite the news of recent high-profile threats to business from terrorist attacks, extreme weather, petrol blockades, fires and trade disputes, research has found that the UK’s SMEs are gambling on their future.
A common misconception is that BCM merely includes back-up and recovery plans and that external consultants are needed to do this. However, BCM is actually a lot more than that… and provided you know your business environment, it can in fact be inexpensive and relatively easy to do. Put simply, it is a process of identifying and evaluating the risks to your business and then planning to enable the business to continue operating (and recover) if the worst happens.
Increasingly, lack of BCM is affecting business profitability now. This is because insurance companies set the level of business interruption premiums according to the speed at which an organisation is able to resume business and because large businesses are starting to insist on suppliers having robust BCM processes before they will trade with them.
Bromley Council’s Emergency Planning Unit
Tel. 020 8313 4379