Business Continuity is a planning process aimed at managing the risks you face. Keeping the critical elements of your business operational in the event of an emergency and recovery of it afterwards. By having a tried and tested plan for your organisation will ensure you suffer the least possible disruption and ultimately continues to operate.
Emergencies can have a catastrophic effect on business and organisations with threats arising from accidents, criminal activity or natural disasters. Every year one in five companies / organisations faces a major disruption to its services through incidents such as fire, flooding, power or communications failure, flu pandemic or even terrorism (For a comprehensive list of the risks you might face in Warwickshire please refer to the Warwickshire Community Risk Register and 80% of those without a business continuity plan close down within 18 months.
Without a business continuity plan you could also be faced with:
- Loss of income
- Loss of reputation & customers
- Financial, Legal or regulatory penalties
- Higher insurance premiums
- Human Resources issues
Whether you are a large corporate company, an SME (Small to Medium Enterprise) or Voluntary sector organisation, the ability to respond swiftly and effectively to a major emergency is vital, and could make the difference on your ability to survive. The business continuity process can be tailored to meet the needs or each organisation, and your plan need not be complicated, nor cover every eventuality or business process just those that are most critical.
Business Continuity is a generic management framework which is valid across all sectors and helps organisation anticipate, prepare for, prevent, respond to, and recover from disruption. To assist in this the Business Continuity Institute has developed a five-stage BCM process recommended within the Civil Contingencies Act guidance, and also incorporated into the British Standards Institute Business Continuity Management BS-25999 – the New Standard in Business Continuity
Warwickshire County Council is launching a new forum for business and voluntary organisations in Coventry and Warwickshire, which will focus on business continuity and resilience.
The forum will help members address a wide variety of business continuity issues and increase awareness of business continuity management in Coventry and Warwickshire’s business and voluntary sector communities.
While the forum is in the early stages of development we would like to obtain as much input as possible from a wide variety of organisations.
We would like to attract small, medium and large sized organisations, from a variety of industries, with differing levels of experience and knowledge of business continuity.
This will help us to create and develop a Business Continuity Forum which best reflects the needs of organisations within Coventry and Warwickshire.