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Volume 31, Issue 4

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Thursday, 04 January 2018 15:56

Do the Right Thing: Start a BCM Program

Is your business part of the 48% that lack a BC plan and still regards itself as ready for trouble? If so, it might be time to start a BCM program.

A recent study found that 48 percent of small businesses are operating without any type of business continuity plan, yet 95 percent of the businesses indicated they felt they were prepared for any disasters that might strike.

Is your business part of that 48 percent that lacks a BC plan and yet still regards itself as ready for trouble? If so, perhaps you think your insurance will cover you if something goes wrong, or that your evacuation plan will help you out. Or maybe you have an old dust-ridden binder lying around that is labeled “Business Continuity Binder,” but which you haven’t looked at in ages. If either of these things is true of your company, chances are that you are not truly prepared for disaster. From Hurricane Maria and the shooting in Las Vegas to the current fires in California, history shows us that companies that do not proactively consider how to respond to events are among the last to get back to business.

So, why do people and companies neglect to implement business continuity management (BCM) in their organizations even though they know it’s the right thing to do and can ensure the survival of their business? That’s a difficult question to answer, I think because it has very little to do with business continuity management and a lot to do with human nature.

People and companies are inherently motivated to do what’s good for them. The problem is that accurately perceiving “what’s good for them” is not nearly as easy as it sounds—and even if a company can figure this out, they may not believe that it is possible for them to do it.