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Business continuity

To minimise the impact of major disruption, businesses need an effective continuity strategy.

Most SMEs in the UK are not taking Business Continuity seriously enough, frequently because of a lack of time and money. Drafting a plan could simply be a process of setting out, at a very high level, the skeleton of interdependencies within the business, that enable the business to operate, a Business Impact Assessment (BIA). Once the core functions are identified an attempt should be made to assess the impact of the loss of each on the business. Consultants recognise that the time involved as well as the cost, may not make the exercise worthwhile. Caddick recommends SMEs to create a simple BIA and a current status assessment.

This is an article overview from the Business & Management Magazine, Issue 257, September 2017.  

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