The document discusses business continuity planning and management to prepare for unexpected events known as "black swans" that can severely impact business operations. It defines black swans as rare but high-impact events like natural disasters, market crashes, or data leaks. Having a proper business continuity plan (BCP) and continuity management (BCM) process in place can help businesses recover more quickly. The document outlines the key components of an effective BCP/BCM system, including understanding risks, developing strategies and procedures to address risks, implementing and testing the plans, and maintaining the plans over time. Most businesses acknowledge risks but few have fully developed continuity plans, and plans often focus only on information technology rather than all aspects of operations.
Dhiraj Lal is an expert in crisis management with extensive professional experience and certifications. The document discusses understanding crisis management through definitions of crisis, frameworks, and communication. It outlines the critical nature of crisis management and provides examples of crisis situations. Effective crisis management involves proactive identification, preparation, rapid response, and learning from experiences to improve resilience. Key aspects include crisis planning, training, clear roles and responsibilities, effective communication, and review after a crisis to strengthen organizational preparedness.
This document discusses different types of crises including financial, technological, malevolence, natural, deception, and workplace violence. It provides examples for each type such as the Kingfisher Airlines financial crisis, the Exxon Valdez oil spill technological crisis, and the Tylenol murders malevolence crisis. The document also discusses crisis management and provides an example of Union Carbide's unsuccessful management of the Bhopal gas tragedy and Pepsi's successful handling of a 1993 tampering crisis through effective communication.
This document discusses the importance of disaster recovery planning for organizations, especially higher education institutions like universities. It explains that while disasters can occur naturally or be caused by humans, most organizations are not well prepared to recover from disasters or ensure business continuity. The document recommends that disaster recovery planning should minimize costs, maintain customer satisfaction, and ensure business processes can continue. It also stresses the importance of top management support for effective disaster recovery planning.
This document provides an overview of crisis management. It discusses the history of crisis management and how crises have evolved with factors like globalization and urbanization. It also defines crisis management and lists its objectives and importance, advantages, disadvantages, and challenges. The document outlines the process of crisis management planning and how to plan for unknown events. It provides guidance on managing a crisis, including maintaining composure, communicating facts, and monitoring media coverage. Effective crisis planning and response are necessary to help organizations survive crises.
Best Practice Crisis And Issues Management A Recommended Approach By SMCJanet Saunders
The document provides guidance on crisis management and issues management. It defines what constitutes a crisis, examples of crises, and how crises are categorized based on their scale. It also outlines the key components of an effective crisis management plan and issues management kit, including roles and responsibilities, communication procedures, and stakeholder identification. The importance of issues anticipation, prevention, and regular plan evaluation is emphasized.
Severe Weather Preparedness and ResiliencyMissionMode
Storms, hurricanes, tornadoes, flooding and other severe weather events are an unavoidable fact of life. In 2012, severe weather caused more than $100 billion in damages within the United States alone.
This white paper is a guide to planning and implementing your response to weather threats, and it's much more than a simple checklist. Resiliency is the ability to withstand and 'bounce back' from an emergency event. The white paper helps you to think through the processes that will result in a successful response to a weather threat. Your business and people will then be truly prepared and resilient.
The document discusses best practices for business continuity and crisis management planning. It outlines a 6-stage process: 1) Identifying risks, 2) Analyzing business impacts, 3) Developing strategies, 4) Creating the plan, 5) Testing the plan, and 6) Maintaining the plan. The goal is to minimize downtime and costs from disruptions while protecting people and resuming normal operations. Key parts of the plan include identifying critical business processes, recovery time objectives, and developing procedures for responding to and recovering from crises. Regular testing and updates are important for keeping the plan effective.
Dhiraj Lal is an expert in crisis management with extensive professional experience and certifications. The document discusses understanding crisis management through definitions of crisis, frameworks, and communication. It outlines the critical nature of crisis management and provides examples of crisis situations. Effective crisis management involves proactive identification, preparation, rapid response, and learning from experiences to improve resilience. Key aspects include crisis planning, training, clear roles and responsibilities, effective communication, and review after a crisis to strengthen organizational preparedness.
This document discusses different types of crises including financial, technological, malevolence, natural, deception, and workplace violence. It provides examples for each type such as the Kingfisher Airlines financial crisis, the Exxon Valdez oil spill technological crisis, and the Tylenol murders malevolence crisis. The document also discusses crisis management and provides an example of Union Carbide's unsuccessful management of the Bhopal gas tragedy and Pepsi's successful handling of a 1993 tampering crisis through effective communication.
This document discusses the importance of disaster recovery planning for organizations, especially higher education institutions like universities. It explains that while disasters can occur naturally or be caused by humans, most organizations are not well prepared to recover from disasters or ensure business continuity. The document recommends that disaster recovery planning should minimize costs, maintain customer satisfaction, and ensure business processes can continue. It also stresses the importance of top management support for effective disaster recovery planning.
This document provides an overview of crisis management. It discusses the history of crisis management and how crises have evolved with factors like globalization and urbanization. It also defines crisis management and lists its objectives and importance, advantages, disadvantages, and challenges. The document outlines the process of crisis management planning and how to plan for unknown events. It provides guidance on managing a crisis, including maintaining composure, communicating facts, and monitoring media coverage. Effective crisis planning and response are necessary to help organizations survive crises.
Best Practice Crisis And Issues Management A Recommended Approach By SMCJanet Saunders
The document provides guidance on crisis management and issues management. It defines what constitutes a crisis, examples of crises, and how crises are categorized based on their scale. It also outlines the key components of an effective crisis management plan and issues management kit, including roles and responsibilities, communication procedures, and stakeholder identification. The importance of issues anticipation, prevention, and regular plan evaluation is emphasized.
Severe Weather Preparedness and ResiliencyMissionMode
Storms, hurricanes, tornadoes, flooding and other severe weather events are an unavoidable fact of life. In 2012, severe weather caused more than $100 billion in damages within the United States alone.
This white paper is a guide to planning and implementing your response to weather threats, and it's much more than a simple checklist. Resiliency is the ability to withstand and 'bounce back' from an emergency event. The white paper helps you to think through the processes that will result in a successful response to a weather threat. Your business and people will then be truly prepared and resilient.
The document discusses best practices for business continuity and crisis management planning. It outlines a 6-stage process: 1) Identifying risks, 2) Analyzing business impacts, 3) Developing strategies, 4) Creating the plan, 5) Testing the plan, and 6) Maintaining the plan. The goal is to minimize downtime and costs from disruptions while protecting people and resuming normal operations. Key parts of the plan include identifying critical business processes, recovery time objectives, and developing procedures for responding to and recovering from crises. Regular testing and updates are important for keeping the plan effective.
Crisis management involves planning, managing, and evaluating responses to crises. Effective crisis management requires:
1) Advance planning through structures, plans for various crisis scenarios, and training exercises.
2) Clear leadership and coordination during a crisis using integrated command systems.
3) Post-crisis evaluation to improve future preparedness and response based on lessons learned.
This document discusses crisis management and provides examples. It defines crisis management as dealing with unpredictable threats before, during and after they occur. There are typically three elements to a crisis: a threat, an element of surprise, and a short decision time. Crisis management involves establishing metrics to define crisis scenarios and communicating effectively during responses. Organizational credibility can be influenced by crisis responses. The document outlines various types of crises and provides Toyota as an example of a crisis management failure due to a lack of timely and full communication.
Crisis management and The Art of Problem SolvingTANKO AHMED fwc
The knowledge and skill for crisis management is imperative to all individuals, groups or agencies, particularly to the youth in a crises-ridden time and space like Nigeria. This paper attempts to describe the meaning and understanding of crisis management to a group of educated, smart and active young people in the pursuit of in leadership and professional competence. Models and theories associated with crisis management are employed to outline strategies for problem-solving in crisis management. The way forward calls for a clear and active role for youth in crisis management. It is recommended for youth, to actively engage in seeking for knowledge and skills, including clear thinking on what to do in times of crisis.
This document provides an overview of crisis management training. It defines crisis management and lists common types of crises. It then outlines the key elements of crisis management planning including defining the crisis, analyzing stakeholders, developing communication and technical strategies, and establishing crisis management teams. It discusses principles of crisis management such as identifying the type and impact of an incident and determining responsibility. The document also covers developing competencies through training exercises, management review, and developing a competency model.
Leadership in a crisis responding to the coronavirus outbreakGraham Watson
What leaders need during a crisis is
not a predefined response plan but
behaviours and mindsets that will prevent
them from overreacting to yesterday’s
developments and help them look ahead.
This document discusses crisis communication and management. It provides information on:
- Defining a crisis as an unpredictable threat that requires urgent response and damages an organization.
- The importance of open and timely communication during a crisis to maintain credibility.
- Examples of poor communication during past crises like Three Mile Island and the sinking of the Russian submarine Kursk, which undermined trust.
- Best practices for crisis communication including contingency planning, designating spokespeople, providing accurate information to decision-makers, and considering apologies.
The document discusses the importance of being prepared for various crises and disruptive events. It outlines many challenges organizations may face during crises related to infrastructure damage, communications, travel, insurance, and emergency plans. The key is taking an integrated approach to crisis management by linking operations and communications plans, conducting risk assessments, prevention activities, response planning, training, and reputation management before, during and after a crisis occurs. Maintaining communication is cited as the primary challenge during disasters.
This document discusses volatility and its implications for controlling. It defines volatility as the unpredictable fluctuations in external and internal economic parameters affecting a company. Two concepts for managing volatility are changeability and resilience management. Changeability focuses on adapting organizational structures to change, while resilience management aims to make companies robust in the face of fluctuations. The document will examine how increased volatility impacts controlling tasks, instruments, processes and organization through eight work packages. It seeks input from controllers on their experiences with and responses to volatility.
This document discusses crisis communication and its implications for organizations. It begins by defining a crisis and providing examples of common crisis situations. It then outlines key aspects of crisis communication, including the importance of having a crisis management model and contingency plan in place. The document discusses challenges an organization may face during a crisis and recommends establishing a crisis team and communication plan. It emphasizes identifying the internal and external audiences, determining the key messages, and using various communication channels. It also stresses the role of having an effective spokesperson to handle media inquiries during a crisis.
Half Prepared?: Business Survey on Disaster RecoveryRegus
This latest Regus survey, which interviewed over 12,000 senior business people in 85 countries, also shows that firms are more likely to have an IT disaster recovery function to help them recover operations within 24 hours than to be able to provide alternative workspace for their staff, should they be unable to access their usual work
premises due to a disaster More than half of firms, however, report that they would
invest in affordable alternative workplace recovery if the service were suitably priced.
Although larger firms are better prepared for disaster recovery (DR) than smaller
companies, 26% of larger corporates still remain without a DR facility for their IT systems, and 40% have no workspace DR facility. It is the conclusion of this study that, given the widespread availability and relative low cost of IT and workspace DR,
those organisations with none in place are potentially taking an unnecessary risk with their shareholders assets.
These slides are from The Risk Doctor, David Hillson's, section of the presentation at the recent APM Wessex branch afternoon risk workshop. This event was held at the Ageas Bowl in Southampton on Tuesday 1st April 2014.
David Hillson is an honorary fellow of APM and is known globally as 'The Risk Doctor'. David is well-known as an excellent speaker, presenter and trainer. Countless individuals, teams and organisations have benefited from his blend of thought-leadership with practical application, presented in an accessible style that combines clarity with humour. David’s speaking is guided by the Risk Doctor motto: “Understand profoundly so you can explain simply”.
David sat on the panel of experts for this workshop-based event and shared his expertise with delegates who were looking for a learning experience in risk.
This document discusses the concept of resilience. It defines resilience as "the skill and capacity to be robust under conditions of enormous stress and change." While resilience is simple to define, it is difficult to develop in today's complex, rapidly changing world. The document argues that organizational resilience requires the ability to respond quickly to unforeseen changes, even chaotic disruptions. It also discusses the importance of resilience and examines some of the components involved in cultivating resilience within an organization, including strategic planning, infrastructure development, and business continuity planning.
The document discusses crisis management through risk assessment for operations managers. It advises managers to regularly identify and assess risks that could lead to crises within their organizations. The document recommends that managers have meetings with department heads to discuss the single greatest risk in their department that could disrupt production. Identifying potential risks allows managers to plan mitigation strategies to avoid crises. Quality issues are highlighted as one of the top three areas where operational crises can arise. The document stresses the importance of engagement from managers and maintaining robust quality management programs to catch issues early.
Effective communication is essential for business continuity. Leveraging audio, web, and video conferencing solutions allows organizations to minimize disruptions to communication from events like natural disasters, power outages, or infrastructure failures. The document provides examples of how conferencing has helped businesses during events like the 2010 Icelandic ash cloud. It outlines best practices for business continuity planning that incorporate remote collaboration services into the risk assessment and documentation phases. Establishing resilient communication channels through conferencing solutions is concluded to be as essential for contingency planning as it is for everyday business operations.
Crisis Management A Leadership Challenge Training by Bloomington Public SchoolsAtlantic Training, LLC.
Rick Kaufman is an experienced crisis management consultant who has responded to several high-profile crises. He discussed the essential elements of effective crisis management planning, including establishing an incident command system, communication command center, and clearly defined roles and responsibilities. Kaufman also emphasized the importance of effective communication with key audiences during a crisis through various channels, maintaining consistent messaging, and managing media relations. He stressed the importance of preparation, testing plans, and learning from past crises to improve response and recovery efforts.
Business Continuity Management(BCM) a New Paradigm for Nigerian BusinessOluwafemi Adelakun
BCM (Business Continuity Management) provides organizations with a framework to ensure uninterrupted operations during disruptive events. While common in developed countries, BCM is still overlooked in Africa. The document argues that frequent disasters in Nigeria like flooding and bombings demonstrate the need for Nigerian organizations to implement BCM strategies to minimize risks and losses from disruptions. BCM planning is important as no organization is immune from potential crises that could halt operations without proper contingency plans in place.
This document discusses the risks faced by businesses and the importance of business continuity planning. It notes that over 70% of small businesses in the UK do not properly consider the risks they face or have contingency plans. All businesses will eventually face events that threaten their continuity, from common issues like fires or floods to larger disruptions like pandemics. Having a business continuity plan is crucial to avoid severe disruptions, financial losses, and reputation damage. The document advocates that businesses develop strategies to protect investments and reputation by planning for disasters through measures like data backup, training employees on emergency responses, and ensuring key operations can continue during incidents.
Since the outbreak of Coronavirus, all industries are facing losses in huge numbers because of the lockdown and rapid spread of the virus. A scenario-based approach is required to combat the side effects caused by the virus. See More : https://www2.deloitte.com/in/en.html
The auto sector had already undergone considerable slowdown over the last 12-18 months due to structural changes beginning with goods and services tax, shift to shared mobility, axle-load reforms, the bharat stage-iv (bsiv) to bharat stage-vi (bs-vi) transition, liquidity crunch and so on. The covid-19 lockdown has had a multiplier effect – the industry has almost been at a complete standstill since 24 march. See More: https://www2.deloitte.com/in/en/pages/consumer-business/articles/covid19-response-for-automotive-companies.html
Crisis management involves planning, managing, and evaluating responses to crises. Effective crisis management requires:
1) Advance planning through structures, plans for various crisis scenarios, and training exercises.
2) Clear leadership and coordination during a crisis using integrated command systems.
3) Post-crisis evaluation to improve future preparedness and response based on lessons learned.
This document discusses crisis management and provides examples. It defines crisis management as dealing with unpredictable threats before, during and after they occur. There are typically three elements to a crisis: a threat, an element of surprise, and a short decision time. Crisis management involves establishing metrics to define crisis scenarios and communicating effectively during responses. Organizational credibility can be influenced by crisis responses. The document outlines various types of crises and provides Toyota as an example of a crisis management failure due to a lack of timely and full communication.
Crisis management and The Art of Problem SolvingTANKO AHMED fwc
The knowledge and skill for crisis management is imperative to all individuals, groups or agencies, particularly to the youth in a crises-ridden time and space like Nigeria. This paper attempts to describe the meaning and understanding of crisis management to a group of educated, smart and active young people in the pursuit of in leadership and professional competence. Models and theories associated with crisis management are employed to outline strategies for problem-solving in crisis management. The way forward calls for a clear and active role for youth in crisis management. It is recommended for youth, to actively engage in seeking for knowledge and skills, including clear thinking on what to do in times of crisis.
This document provides an overview of crisis management training. It defines crisis management and lists common types of crises. It then outlines the key elements of crisis management planning including defining the crisis, analyzing stakeholders, developing communication and technical strategies, and establishing crisis management teams. It discusses principles of crisis management such as identifying the type and impact of an incident and determining responsibility. The document also covers developing competencies through training exercises, management review, and developing a competency model.
Leadership in a crisis responding to the coronavirus outbreakGraham Watson
What leaders need during a crisis is
not a predefined response plan but
behaviours and mindsets that will prevent
them from overreacting to yesterday’s
developments and help them look ahead.
This document discusses crisis communication and management. It provides information on:
- Defining a crisis as an unpredictable threat that requires urgent response and damages an organization.
- The importance of open and timely communication during a crisis to maintain credibility.
- Examples of poor communication during past crises like Three Mile Island and the sinking of the Russian submarine Kursk, which undermined trust.
- Best practices for crisis communication including contingency planning, designating spokespeople, providing accurate information to decision-makers, and considering apologies.
The document discusses the importance of being prepared for various crises and disruptive events. It outlines many challenges organizations may face during crises related to infrastructure damage, communications, travel, insurance, and emergency plans. The key is taking an integrated approach to crisis management by linking operations and communications plans, conducting risk assessments, prevention activities, response planning, training, and reputation management before, during and after a crisis occurs. Maintaining communication is cited as the primary challenge during disasters.
This document discusses volatility and its implications for controlling. It defines volatility as the unpredictable fluctuations in external and internal economic parameters affecting a company. Two concepts for managing volatility are changeability and resilience management. Changeability focuses on adapting organizational structures to change, while resilience management aims to make companies robust in the face of fluctuations. The document will examine how increased volatility impacts controlling tasks, instruments, processes and organization through eight work packages. It seeks input from controllers on their experiences with and responses to volatility.
This document discusses crisis communication and its implications for organizations. It begins by defining a crisis and providing examples of common crisis situations. It then outlines key aspects of crisis communication, including the importance of having a crisis management model and contingency plan in place. The document discusses challenges an organization may face during a crisis and recommends establishing a crisis team and communication plan. It emphasizes identifying the internal and external audiences, determining the key messages, and using various communication channels. It also stresses the role of having an effective spokesperson to handle media inquiries during a crisis.
Half Prepared?: Business Survey on Disaster RecoveryRegus
This latest Regus survey, which interviewed over 12,000 senior business people in 85 countries, also shows that firms are more likely to have an IT disaster recovery function to help them recover operations within 24 hours than to be able to provide alternative workspace for their staff, should they be unable to access their usual work
premises due to a disaster More than half of firms, however, report that they would
invest in affordable alternative workplace recovery if the service were suitably priced.
Although larger firms are better prepared for disaster recovery (DR) than smaller
companies, 26% of larger corporates still remain without a DR facility for their IT systems, and 40% have no workspace DR facility. It is the conclusion of this study that, given the widespread availability and relative low cost of IT and workspace DR,
those organisations with none in place are potentially taking an unnecessary risk with their shareholders assets.
These slides are from The Risk Doctor, David Hillson's, section of the presentation at the recent APM Wessex branch afternoon risk workshop. This event was held at the Ageas Bowl in Southampton on Tuesday 1st April 2014.
David Hillson is an honorary fellow of APM and is known globally as 'The Risk Doctor'. David is well-known as an excellent speaker, presenter and trainer. Countless individuals, teams and organisations have benefited from his blend of thought-leadership with practical application, presented in an accessible style that combines clarity with humour. David’s speaking is guided by the Risk Doctor motto: “Understand profoundly so you can explain simply”.
David sat on the panel of experts for this workshop-based event and shared his expertise with delegates who were looking for a learning experience in risk.
This document discusses the concept of resilience. It defines resilience as "the skill and capacity to be robust under conditions of enormous stress and change." While resilience is simple to define, it is difficult to develop in today's complex, rapidly changing world. The document argues that organizational resilience requires the ability to respond quickly to unforeseen changes, even chaotic disruptions. It also discusses the importance of resilience and examines some of the components involved in cultivating resilience within an organization, including strategic planning, infrastructure development, and business continuity planning.
The document discusses crisis management through risk assessment for operations managers. It advises managers to regularly identify and assess risks that could lead to crises within their organizations. The document recommends that managers have meetings with department heads to discuss the single greatest risk in their department that could disrupt production. Identifying potential risks allows managers to plan mitigation strategies to avoid crises. Quality issues are highlighted as one of the top three areas where operational crises can arise. The document stresses the importance of engagement from managers and maintaining robust quality management programs to catch issues early.
Effective communication is essential for business continuity. Leveraging audio, web, and video conferencing solutions allows organizations to minimize disruptions to communication from events like natural disasters, power outages, or infrastructure failures. The document provides examples of how conferencing has helped businesses during events like the 2010 Icelandic ash cloud. It outlines best practices for business continuity planning that incorporate remote collaboration services into the risk assessment and documentation phases. Establishing resilient communication channels through conferencing solutions is concluded to be as essential for contingency planning as it is for everyday business operations.
Crisis Management A Leadership Challenge Training by Bloomington Public SchoolsAtlantic Training, LLC.
Rick Kaufman is an experienced crisis management consultant who has responded to several high-profile crises. He discussed the essential elements of effective crisis management planning, including establishing an incident command system, communication command center, and clearly defined roles and responsibilities. Kaufman also emphasized the importance of effective communication with key audiences during a crisis through various channels, maintaining consistent messaging, and managing media relations. He stressed the importance of preparation, testing plans, and learning from past crises to improve response and recovery efforts.
Business Continuity Management(BCM) a New Paradigm for Nigerian BusinessOluwafemi Adelakun
BCM (Business Continuity Management) provides organizations with a framework to ensure uninterrupted operations during disruptive events. While common in developed countries, BCM is still overlooked in Africa. The document argues that frequent disasters in Nigeria like flooding and bombings demonstrate the need for Nigerian organizations to implement BCM strategies to minimize risks and losses from disruptions. BCM planning is important as no organization is immune from potential crises that could halt operations without proper contingency plans in place.
This document discusses the risks faced by businesses and the importance of business continuity planning. It notes that over 70% of small businesses in the UK do not properly consider the risks they face or have contingency plans. All businesses will eventually face events that threaten their continuity, from common issues like fires or floods to larger disruptions like pandemics. Having a business continuity plan is crucial to avoid severe disruptions, financial losses, and reputation damage. The document advocates that businesses develop strategies to protect investments and reputation by planning for disasters through measures like data backup, training employees on emergency responses, and ensuring key operations can continue during incidents.
Since the outbreak of Coronavirus, all industries are facing losses in huge numbers because of the lockdown and rapid spread of the virus. A scenario-based approach is required to combat the side effects caused by the virus. See More : https://www2.deloitte.com/in/en.html
The auto sector had already undergone considerable slowdown over the last 12-18 months due to structural changes beginning with goods and services tax, shift to shared mobility, axle-load reforms, the bharat stage-iv (bsiv) to bharat stage-vi (bs-vi) transition, liquidity crunch and so on. The covid-19 lockdown has had a multiplier effect – the industry has almost been at a complete standstill since 24 march. See More: https://www2.deloitte.com/in/en/pages/consumer-business/articles/covid19-response-for-automotive-companies.html
The document discusses risk management in organizations. It defines risk management as an organized process to identify, analyze, and control risks. It notes that success of businesses today depends on their ability to handle risks well. The paper will discuss the definition of risks and risk management, risks associated with businesses, and risks related to using information technology. It aims to explain why risk management is important for organizations.
The document discusses Business Continuity Awareness Week (BCAW) hosted by ContinuitySA from March 18-22, 2013. It provides details on events during the week including breakfast talks on ISO22301 standards, webinars on various business continuity topics, and an eLearning course on Good Practice Guidelines. ContinuitySA is facilitating these free events to educate organizations on business continuity. The document also summarizes some presentations to be given during the week on topics like organizational resilience, business continuity issues, and backup strategies.
COVID-19 has turned into a global crisis, evolving at unprecedented speed and scale. It is creating a universal imperative
for governments and organizations to take immediate action to protect their people.
It is now the biggest global event—and challenge—of our lifetimes. As such, it is changing human attitudes and behaviors today and forcing organizations to respond. However, the need to respond won’t end when the virus’s immediate threat eventually recedes.
The document discusses the limitations of technology in risk management based on past failures, such as the financial crisis. While technology plays an important role in areas like data collection, analysis, and monitoring, it cannot replace human judgment and challenge. Risk models can be wrong or lead to a false sense of security if people rely on them without questioning the assumptions. The key is using technology as a tool alongside qualitative risk assessment to improve decision-making.
Business continuity in small business 1John Johari
This document provides guidance for small businesses on creating a business continuity plan. It emphasizes that having a plan can help businesses survive major incidents like fires or floods. The guide outlines steps to take such as defining potential disasters and risks, establishing basic emergency procedures, and appointing a business continuity manager. Creating a continuity plan fits each business and ensures it can recover critical processes with minimal disruption if an incident occurs. While not mandatory, a plan makes businesses more resilient and attractive partners.
This is a comparative analysis of the cruise ship industry. I compared three different cruise ship crisis communication plans and then made recommendations from a public relations perspective. I created this in a Public Relations Writing course.
Global risks pose unprecedented challenges for businesses today. As risks become more interconnected and volatile, they can disrupt markets worldwide nearly instantly. This report identifies 36 global risks across economic, geopolitical, societal and environmental categories. The 10 risks most likely to greatly impact business are: instability in Iraq, terrorism, emerging fiscal crises, disruption in oil supplies, radical Islam, a sudden decline in China's growth, pandemics, climate change, weapons of mass destruction, and unrestrained migration. Addressing global risks requires understanding interconnected systems and considering long-term impacts, rather than just reacting to short-term events. However, global risks also provide new opportunities for businesses that can anticipate changes and position themselves advantageously.
1) The document discusses major global risks facing businesses today that are more interconnected and volatile than in the past. These risks can disrupt markets worldwide and are difficult to anticipate.
2) It identifies 36 global risks classified into economic, geopolitical, societal and environmental categories. The ten risks seen as most likely to greatly impact business are listed.
3) The summary explains that global risks present new opportunities for businesses that can react quickly to anticipate changes. However, most businesses only prepare for past events and fail to consider future risks, despite evidence that exogenous risks increasingly affect companies.
TVA p3 RISK ... LESSONS LEARNED ... OR NOT!Peter Burgess
RISK should not be ignored. Risk should not be discounted in the same way that future profits may be discounted, and risk should not be gamed so that it is handled by society at large rather than the responsible parties. This is becoming more and more important as existential threats like climate change, sea level rise and social unrest emerge.
This document discusses crisis management in three parts. It first defines a crisis and explains how crises are mapped. It then examines crisis management processes, models, and complexity. Finally, it highlights the concepts of risk management and its role in crisis management. Crisis management is concerned with disruptive events that threaten an organization, and effective plans are needed to address crises. Models show crisis management follows stages of detection, damage, recovery, and resolution. Risk management also plays an important role in crisis preparation and prevention.
This document summarizes the costs associated with ineffective business continuity programs. It finds that IT/telecommunications outages can cost organizations millions, with minor incidents costing on average $53,210 per minute of downtime. Data breaches and cyber attacks were found to cost on average $11.6 million annually according to one study. Adverse weather events in the US alone resulted in $12.8 billion in insurance payouts in 2013 according to one report. The document concludes by recommending that organizations strengthen their business continuity programs to reduce costs from disruptions.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
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Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
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B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
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Business Continuity Planning
1. Business Continuity Planning:
Paving a way to future protection
Author
392016
Keywords
Black swans, Business continuity, Business
planning, Prevention
Abstract
Future protection for large and small
businesses has to be in place, with
globalisation developing over the last 100
years, impacts from disasters can reach
around the world affecting everyone.
Disasters are more commonly known as Black
Swans within a professional industry but can
be further defined into self inflicted and
natural. With the idea of black swans comes
the idea of protection, protection though an
efficient use of business continuity planning
and management. Both can provide a
recovery time which would be acceptable for
a business, however without proper
management the plan will become outdated
and inefficient.
Introduction
Creating a successful business in
recent years has not been the easiest feat;
lessened consumer buying power, increased
fees for services and fierce competition. All
are obstacles to any business and without
proper management within the business,
trade may cease to due to financial difficulty.
Along with these factors which are down to
human influence other phenomenon’s most
commonly known as a catastrophe or a
natural disaster could also halt business
operations for the unforeseeable future.
Catastrophes and disasters can be defined as
a rare event but carries a large impact and as
described by Cred (2010) it is a situation or
event, which overwhelms local capacity and
requires local or international assistance.
Certain criteria need to be fulfilled for an
event to be branded as a disaster. A more
unknown term for a catastrophe or a disaster
which incorporates a range of rare situations
are Black Swan events.
This report is going to look into how
Black swans are defined within the
construction and real estate industry as well
as how proper planning and management
through a Business Continuity Plans (BCP) and
Business Continuity Management (BCM) can
result in a faster recovery period during a time
of halted business trade.
Black Swan Events
Black swans are events are generally
rare and lead to large amount disruption to
either business operations or public living
standards. Past examples which have had
extreme impacts are the 9/11 terrorist attacks
which resulted in a major dip in the stock
market and a halt of business around the city
of New York and the tsunami in Japan which
halted all business within its country and
destabilised its economy. Both have had
impacts directly and indirectly to every
business in the modern world.
Within the professional industry black
swans are often referred to as unpredictable
events and as characterised by Taleb (2007)
they are events which are outside regular
expectations and carry an extreme impact
such as natural disasters, market crashes or
terrorist events. However within that
definition it does not describe how smaller
events can have an equally large impact on a
business or organisation. Smaller events like a
2. power loss, a network freeze or a data leak
are all small black swan events but have an
equally large impact on a business. Although
these events are still infrequent they may
happen more often due to their nature.
Another theory about these
catastrophic events are self inflicted black
swan events. It will never happen to me is a
common phrase which can be applied in this
situation. As Kronenberg (2011) stated texting
while driving is frowned upon, but a situation
may arise which requires the attention of the
driver. Sending one text the first time may not
cause an accident, but a habit of sending texts
while driving, and a thought of “it will never
happen to me” will eventually cause an
accident. This can then be further explained
and demonstrated by applying it to the
construction industry. Under no pressure or
time constraints a labourer may follow all
health and safety checks. If delays become to
develop, routines may become rushed and
shortcuts found. The same shortcut could be
used multiple times creating a habit within
the rushed routine. This could result in
something major being forgotten or missed, a
vital wall tie on a scaffolding tower or a
forgotten screw on a crane attachment, both
have happened in the past and both have
been caused by a self inflicted event.
These events, whether self inflicted or
not will always occur randomly and
infrequent, but as technology advances and
mans influence on the world grows; new
types of rare events will emerge. As depicted
by Woods (2006) these “surprising events”
reflect on the businesses inability to recognise
new threats as well as their ability to produce
an effective countermeasure during times of
recovery. With the inherent uncertainty and
new threats constantly emerging, knowledge
should be at the forefront of prevention.
Taleb (2007) also described that black swans
represent our misunderstanding of the
likelihood of a surprise. Both authors
demonstrating that knowledge is always
required to prevent and recover but Masys
(2012) also explained that planning and
managing risk along with proper
understanding of the space of possibilities is
also required to avoid disasters.
Business Continuity Plans
As black swan impacts are potentially
catastrophic, full planning should be laid out
in order to prevent such events or to lead to a
faster recovery period. These plans are
commonly known as Business Continuity Plans
(BCP) and as characterised by Hotchkiss
(2010)A BCP’s are a set of procedures for each
potential risk which if carried out in full could
result in an acceptable level of recovery and
continuation of business operation. Recovery
times will vary dependant on the situation
however the need to recovery will always be
the same. Loss in revenues may result in
bankruptcy so it is clearly evident to have a
plan in place. Unfortunately Kash and Darling
(1998) discovered only a few businesses have
a continuity plan set up even though 85% of
businesses acknowledge the risk of a crisis.
For a BCP to be efficient for the future
protection of business operations it also
needs to cover a range of aspects. However
frequent studies have found that the plans set
up only concentrate on a limited range of
events. Hearnden’s (1995) study identifies
that the majority of BCP’s primordially focus
on ICT, even though ICT usage is important in
the modern age the protection of just this
area is not enough. Plans for a new building of
operations or a procedure to move all
equipment need to be in place along with
other backup plans.
With all planning comes management,
an essential role to keep the plan or
procedure up-to-date and well know within
the business culture.
3. Business Continuity Management
Business continuity management will
ensure the longevity of the BCP within the
business, through further training, testing and
maintaining of the current BCP, in doing so
the plan will stay up to date and well
communicated. Hotchkiss (2010)B said that a
BCP without proper management will
eventually fail.
With more business looking into a
BCP and BCM the British Standards have
produced a life cycle model (Fig 1 BS 259991;2006) demonstrating the four key areas
which should be focused on when producing a
new BCP and BCM.
(Figure 2 Risk Matrix)B
The second area is “Determining BCM
Strategy”. This will involve taking all risks
found and producing a procedure (BCP) to
overcome the problem. HM Government have
produced some general procedures (Fig 3-4).
(Figure 1 BCM Life Cycle)A
The first of the four key areas is
“Understanding the Organisation”. This will
include a business impact analysis and a risk
assessment with a risk matrix score for each
eventuality (Fig 2).
(Figure 3-4 Tactic to Adopt)C
4. The third area is “Developing and
implementing”. Possibly the hardest stage
due to:
Employee resistance to change
Extra training needed
However after it is fully integrated the only
stage left is testing and maintaining. The stage
required for the BCP’s to be successful in
years to come. Testing and auditing will riddle
out potential problems which could in the
long term save the business if a high impact
event were to happen.
Conclusion
In conclusion humans influence is not
the only factor which can end a business.
Black swans can and do also play apart.
Whether it is self inflicted or natural, past
events have had dire impacts on singular
business, but due to the modern era of
globalisation, impacts can reach around the
globe. With this in mind it is ever more
important to have BCP’s and BCM in place.
However at the moment 85% of businesses
accept the risk but a much lower rate do not
have any recovery plans in place. If they do
however the majority only focus on ICT. This
lower rate and singular focus needs to
improve for the future protection of single
businesses and the country wide economy.
5. References
BRITISH STANDARDS. (2006) Figure 1 BCM Life Cycle. Don’t panic and stay calm [Online]
Available from: www.bsigroup.hk
[Accessed: 28th Dec, 2012]
Centre for Research on Epidemiology of Disaster 2000, Cred website
Avaible from: www.cred.be
[Accessed: 25th Jan 2013]
HEARNDEN .K. (1995) Business continuity planning
Cited in: PITT, M and GOYAL, S Business Continuity Planning as a Facilities Management Tool Vol.22
(3), pp87-89
HM GOVERNMENT (2006)A-C Figure 2-5. How prepared are you? [Online]
Available from: www.direct.gov.uk
[Accessed: 28th Dec, 2012]
HOTCHKISS, S. (2010). Business Continuity Management.
Available from: www.dawsonera.com
[Accessed: 1st Nov, 2012]
KASH, T.K, and DARLING, J.R. (1998) "Crisis management: prevention, diagnosis and intervention"
Leadership & Organization Development Journal Vol.19 (4), pp179-186 [Online]
Available from: http://www.emeraldinsight.com
[Accessed: 28nd Dec, 2012]
KRONENBERG .E. (2011) “Strategy and Business” How to Prevent Self-Inflicted Disasters[online]
Available from: www.ljmu.ac.uk
[Accessed 15th Jan, 2002]
MAYSYS .A.J. (2012)”Black swans to grey swans: revealing the uncertainty”.
Disaster Prevention and Management Vol.21 (3), pp320-335 [Online]
Available from: www.emerald.com
TALEB N.N. (2007) The Black Swan: The Impact of the Highly Improbable
Cited in: MASYS A.J. Disaster Prevention and Management Vol.21 (3), pp320-335
WOODS .D.D. (2006) Essential Characteristics of resilience
Cited in: MASYS A.J. Disaster Prevention and Management Vol.21 (3), pp320-335