Planning for the worst is an integral component of business operations. By looking towards and past natural disasters and cyberattacks, businesses are taking proactive steps in resuming business operations as quickly as possible. Business continuity planning is often confused with the process of disaster recovery planning. While a disaster recovery plan focuses on restoring an IT infrastructure and operations after a disaster, it’s only a part of the larger business continuity which takes a look at the continuity of the entire organization.
Below, we take a look at the foundation of a successful business continuity plan and the steps that you need to take to ensure that your organization is prepared for the worst.
Why business continuity matters
It’s always about the customer. If an adverse event hits, this could be the perfect opportunity to see how well you can retain your customers. By handling the event thoughtfully and effectively, you can build customer confidence which in turn improves your market value and reputation. In the age of ransomware, good security is an expectation. Businesses need to look at regulations within their industry and shape their recovery process around allowable downtimes. Doing so builds customer confidence in your organization, while failing to do so can sink your market value.
The structure of a business continuity plan
If you’re looking to develop a business continuity plan and don’t already have one in place, the best place to start is to begin taking note of which parts of your organization are the most vulnerable and identify any significant losses if your organization were to go down for a given period of time. ..
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