Future-proof your business – create a continuity plan
The Organizational Resilience Good Business Guide emphasizes that in the face of uncertainty and adversity, resilient organisations will:
- have the operational flexibility to seize and maximize new opportunities
- have stronger business-as-usual (BAU) performance, higher profit margins and better return on investment
- during disruptions, maintain operational continuity for longer and return to BAU more quickly than competitors.
Business continuity planning can help you to:
1. Prepare your small business to operate with minimum impact through an incident, crisis, or disaster.
2. Build resilience into your small business and provide tools to help you pivot quickly when a crisis occurs.
3. Build systems into your critical functions of your business to help you be ready to recover with ease.
4. Build continuity into your current plans for making sales, supporting customers, obtaining supplies, managing team members, and maintaining systems, technology, and equipment.
Australian Government, Department of Home Affairs, 2016. Organisational Resilience Good Business Guide. [Online]
Available at: https://www.organisationalresilience.gov.au/resources
[Accessed 16 June 2021].
Business Continuity Management
Do you know the internal and external factors that could disrupt your business?
Create a business continuity plan!
Business continuity planning is part of a cycle of Business Continuity Management (BCM). BCM considers risks to businesses and helps to build Organisational Resilience. In recent times there has been a rise in high impact, low probability events. BCM has proven itself as particularly relevant to these trends. BCM encompasses diverse (but interrelated) contingency planning elements, including Business Continuity Planning, IT Disaster Recovery Planning, Crisis Management and Emergency Management. A common feature of all these elements is a formal process for documenting response plans to deal with disruptive events. Each BCM element has matured over the years with leading practices and standards associated with it. International Organization for Standardization, 2019. International Organization for Standardization, 2019. Security and resilience — Business continuity management systems — Requirements. ISO 22301:2019 ed. s.l.:s.n.. [Online] Available at: https://www.iso.org/standard/75106.html [Accessed 01 January 2022]. National Institute of Building Sciences, 2018. Natural Hazard Mitigation Saves: 2017 Interim Report. [Online] Available at: https://enews.nibs.org/t/r-A40041C9475B66082540EF23F30FEDED [Accessed 20 October 2021]. |
BCM is defined as a “holistic management process that identifies potential threats to an organisation and the impacts to business operations if those threats are realized.”
Business Continuity Standard
Adaptability is key. Create a business continuity plan to earn an income in challenging times. Interest in BCM has led to a rise of leading practices and the publication of a BCM global standard: ISO 22301:2019 Security and resilience — Business continuity management systems — Requirements5. According to the standard, business continuity is the “capability of the organisation to continue delivery of its products or services at acceptable predefined levels following a disruptive incident”6. BCM encompasses diverse (but interrelated) contingency planning elements, including Business Continuity Planning, IT Disaster Recovery Planning, Crisis Management and Emergency Management. A common feature of all these elements is a formal process for documenting response plans to deal with disruptive events. Each BCM element has matured over the years with leading practices and standards associated with it. In Queensland, business continuity planning emerged in the Office of the Inspector-General Emergency Management’s, Cyclone Debbie Review (2017-18). The Review found that business continuity planning can mitigate the impact of disasters by building business and organisational resilience. Interest in BCM has led to a rise of leading practices and the publication of a BCM global standard: ISO 22301:2019 Security and resilience — Business continuity management systems — Requirements. According to the standard, business continuity is the “capability of the organisation to continue delivery of its products or services at acceptable predefined levels following a disruptive incident”. International Organization for Standardization, 2019. International Organization for Standardization, 2019. Security and resilience — Business continuity management systems — Requirements. ISO 22301:2019 ed. s.l.:s.n.. [Online] Available at: https://www.iso.org/standard/75106.html [Accessed 01 January 2022]. The Office of the Inspector-General Emergency Management, 2018. Cyclone Debbie Review Report1-17-18, Brisbane, Queensland, Australia: Inspector-General Emergency Management. |
Business Continuity Framework
Make sure customers can access your products in an emergency – create a continuity plan. As a small business owner, you’re required to wear many different hats. You are an expert in your field, a marketing specialist, a salesperson, an entrepreneur, and an accountant. Proper planning is needed even for small projects in small businesses. An investment in planning upfront can make the entire project more effective, much easier to implement and improve the results you get for your business. Business Continuity Management (BCM) provides a framework for building organisational resilience with the capability of an effective response, which safeguards the interests of its key stakeholders, reputation, brand, and value-creating activities.” Business continuity planning, as one element of BCM, is a formal process for documenting response plans to deal with disruptive events. At BCP-AU we specialize in building a framework that assists small businesses and entrepreneurs to consider, create, implement, and improve on their current business continuity processes. We will help you with risk management ideas to improve your current business plans. Make an appointment with us to discuss how we can help to build resilience into your business at: www.bcp-au.com/bookings International Organization for Standardization, 2019. International Organization for Standardization, 2019. Security and resilience — Business continuity management systems — Requirements. ISO 22301:2019 ed. s.l.:s.n.. [Online] Available at: https://www.iso.org/standard/75106.html [Accessed 01 January 2022]. Make sure customers can access your products in an emergency – create a continuity plan. As a small business owner, you’re required to wear many different hats. You are an expert in your field, a marketing specialist, a salesperson, an entrepreneur, and an accountant. Proper planning is needed even for small projects in small businesses. An investment in planning upfront can make the entire project more effective, much easier to implement and improve the results you get for your business. Business Continuity Management (BCM) provides a framework for building organisational resilience with the capability of an effective response, which safeguards the interests of its key stakeholders, reputation, brand, and value-creating activities.” Business continuity planning, as one element of BCM, is a formal process for documenting response plans to deal with disruptive events. At BCP-AU we specialize in building a framework that assists small businesses and entrepreneurs to consider, create, implement, and improve on their current business continuity processes. We will help you with risk management ideas to improve your current business plans. Make an appointment with us to discuss how we can help to build resilience into your business at: www.bcp-au.com/bookings International Organization for Standardization, 2019. International Organization for Standardization, 2019. Security and resilience — Business continuity management systems — Requirements. ISO 22301:2019 ed. s.l.:s.n.. [Online] Available at: https://www.iso.org/standard/75106.html [Accessed 01 January 2022]. |
Business Continuity Policy
Create a business continuity plan to maintain operations in the toughest of circumstances.