Each year, businesses and organizations are affected by man-made and natural events and disasters. Market competition and the fast pace of business demands that companies be prepared to respond to these events to help prevent or reduce business interruption and loss. These events run the gamut from fires, explosions, weather-related and other natural disasters to man-made events, including terrorism, data theft, cyber attacks on computer systems and networks, extended power outages and critical equipment breakdown. Major events can cause extensive disruption and damage to business and business operations. In a highly competitive, global economy, the inability of organizations to respond quickly and continuously to an adverse event could mean that consumers, clients and customers go elsewhere. Loss of customers, market share, and extended down times can result in your businesses never reopening. The importance of business continuity planning, that is, a continuous process and plan to identify the impacts of events and potential losses and ensure viable recovery strategies and continuity of services, cannot be overstated.
An organization’s business continuity plan should be an integral part of its operating strategy and part of its overall business planning process. It is not a “one-shot” project or one-time activity. Rather, it is an integral part of an effective business strategy. It requires a pre-defined, thoughtful approach and planning ahead. A well-executed and practiced business continuity plan is not only intended to help organizations recover and return to operations as quickly as possible. It also can be an important defense in reducing the overall impact on its business.
This guide is a high-level introduction to core business continuity planning concepts. Companies should tailor their own plan to their particular situation and needs.
Read More »Introduction to Business Continuity Planning
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