Suddenly, you find that business continuity management (BCM) is top of mind amongst executives, and in some instances even dominating virtual meetings. Why now? An effective business continuity management strategy is about how an organisation can respond to, and recover from, unforeseen disasters or emergencies.
It is the management’s responsibility to ensure that their organisation can survive a disaster. Given the pandemic that organisations need to face, and everything else that can go wrong, it is no surprise that the importance and relevance of business continuity is at the forefront of the executive’s concerns.
BCM needs to be a continual organisational process, embedded within an organisation’s culture. It is a holistic process that should identify possible business threats and put plans in place to mitigate them. An effective BCM strategy should set out clear contingency plans that are aligned to an organisation’s business processes, while redesigning those processes that may contribute to risks.
The main aim of business continuity is to ensure uninterrupted business operations while executing organisational disaster recovery protocols. Thus, ensuring that the business continues to function in the midst of its changing environment, and adapt to new environmental conditions.
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