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How businesses can prepare for an emergency, including a description of Business Continuity Management.
Business Continuity Management is defined as ‘a holistic management process that identifies potential threats to an organisation and the impacts to business operations that those threats if realised, might cause; which provides a framework for building organisational resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities’ - Business Continuity Institute.
All businesses can suffer from disruptions. Businesses may be affected by the loss of the following organisational resources:
Consider what types of disaster would affect the areas vital to your business. For example:
You might find it valuable to create a risk register for your business.
As a small business, you may want to consider:
You need to consider the alternative options you have if vital areas of your business become unavailable. For example:
Have you got the contact details of key stakeholders if you lose ICT or the premises?