Internally, employees who are well-versed in the company’s continuity plans gain confidence, too—they know what they need to do should a crisis arise.But an unexpected benefit of business continuity planning is that employees are also more adept at handling daily, smaller disruptions.Prior to founding MHA, he was a Regional VP for Bank of America, where he was responsible for Business Continuity across the southwest region.
Internally, employees who are well-versed in the company’s continuity plans gain confidence, too—they know what they need to do should a crisis arise.But an unexpected benefit of business continuity planning is that employees are also more adept at handling daily, smaller disruptions.Tags: Excellent Problem Solving SkillsThesis Prayer In SchoolsAnalytical And Problem Solving Skills ExamplesIf I Was President EssayCritical Thinking Education Faces The Challenge Of JapanCyber Cafe Business Plan SampleTerm Paper Separation Church State
The financial losses associated with such events—even minor ones—can be avoided with a good BC program in place.
If you’re familiar with the Business Impact Analysis, you know that it details the critical operations that are necessary to recover.
They automatically assess the levels of risk associated with new activities, and are better able to maneuver business operations quickly and smoothly.
If you’ve adopted a set of business continuity standards you can rest assured that your business is compliant with industry mandates.
Companies that aren’t prepared to handle disruptions risk appearing incompetent to the public should an event arise, possibly stumbling over next steps and mishandling communication.
Your BC program is the engine behind a smooth recovery, and preserves your carefully crafted brand value and the stellar reputation you’ve worked hard to achieve.
If you think the benefits of business continuity (BC) planning revolve solely around emerging unscathed from a seemingly unlikely, could-happen-but-might-never-happen disaster sometime down the road, think again.
It’s like having an encyclopedia of valuable data about your company’s operations.
Smart companies make use of that data in other ways, like the Arizona utility company that uses its data for process improvement, and to plan strategic activities that will help move the business forward.