CVS Blog

How to Stay in Business—When the Sky Falls In

Posted on August 9th, 2008 by Terence Kierans, aka TK

Part 1

In essence, Disaster Recovery Planning is an essential part of Business Continuity Management (BCM). It is not just about disaster recovery, crisis management, risk management or about IT. It is demonstrably a business issue.

In summary — Foresee the Unexpected

To quote the Business Continuity Institute, the professional body for Business Continuity Management:
“Business Continuity Management is the act of anticipating incidents which will affect critical functions and processes for the organisation and ensuring that it responds to any incident in a planned and rehearsed manner”.

You are taken ill; your office is burnt down; your computer hard drive dies on you; a key supplier goes bankrupt or closes down. How would any of these occurrences affect your business?

A Gartner research found that 50 percent of all businesses fail after experiencing a major disruption.

Nearly one in five businesses suffers a major disruption every year; yours could be next. With no recovery plan, you have a lessened chance of survival.

Your business cannot avoid all forms of risk or potential damage. However, you can ensure the survival of your organisation by compiling a Business Continuity Management (BCM) Plan—and following it.

Learn how to cope with the risks that could cause:

• Inability to maintain customer services, and subsequent loss of work to competitors;
• Damage to image, reputation or brand;
• Failure to protect the company assets;
• Business control failure;
• Higher insurance premiums; and
• Failure to meet legal or regulatory requirements.

To be continued

Terence CAVB (Certified Australian Virtual Business)
Principal, Cyberspace Virtual Services, Western Australia
www.virtualservices.com.au Experience the Difference
www.avbn.com.au Australian Virtual Business Network—You Deserve the Best
2007 Thomas Leonard International VA of Distinction Award Nominee
Contented Member of ‘A Clayton’s Secretary’
Use our skills to help you succeed
Tel: 61 8 9304 6983 Fax: 61 8 9304 3202 Mobile: 61 414 25 1091 UK Residents: 07092391723

Having problems coping with all that paperwork?
Turn those piles into files and find any document in 10 seconds or less!
http://tinyurl.com/64ag2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Permalink