What happens when it all goes wrong?
It's a tough question and one that requires a lot of thought.
There are numerous examples of companies suffering due to poor Business Continuity Planning. In the 1993 World Trade Centre bombing, 150 companies went out of business (out of 350 affected)-scarcely an encouraging statistic. But an incident does not need to be a dramatic terrorist attack to have a massive impact on an organisation.
For instance, in the case of fires, 44% of businesses fail to reopen and 33% of these failed to survive beyond 3 years. The examples could be continued endlessly. The bottom line is businesses need to have plans in place to cope with incidents both small and large, and thereby avoid major business interruptions.
It's a tough question and one that requires a lot of thought.
There are numerous examples of companies suffering due to poor Business Continuity Planning. In the 1993 World Trade Centre bombing, 150 companies went out of business (out of 350 affected)-scarcely an encouraging statistic. But an incident does not need to be a dramatic terrorist attack to have a massive impact on an organisation.
For instance, in the case of fires, 44% of businesses fail to reopen and 33% of these failed to survive beyond 3 years. The examples could be continued endlessly. The bottom line is businesses need to have plans in place to cope with incidents both small and large, and thereby avoid major business interruptions.
