Business Continuity Management is the guarantee of stability in a constantly changing world!
At Positive Side Company, we understand that business continuity is not just a crisis management strategy but an integral part of organizational strategy. Therefore, we offer comprehensive solutions based on principles of transparency and continuous communication, allowing you to maintain the continuity and effectiveness of your business even in the toughest conditions
Business continuity, in our understanding, goes beyond mere survival during crises. It is an opportunity to improve and enhance the organization’s capabilities for adaptation and innovation. Considering each challenge as an opportunity to rethink procedures and systems to be more flexible and effective
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Definition of Business Continuity
Business Continuity Management is the process of planning, organizing, directing, controlling, and evaluating to ensure the continuity of an organization’s operations in the event of an unexpected occurrence, such as natural disasters, terrorism, economic, political, legal, or health crises. The goal of Business Continuity Management is to identify and reduce risks that may impact the company’s operations and ensure the continuity of its business under all circumstances.
Business Continuity Management includes risk analysis, impact assessment, preparation of business continuity plans, training the team on these plans, testing and regularly updating these plans. It also involves working to improve the technology and infrastructure of the organization and ensuring the availability of necessary resources to ensure business continuity in crisis situations.
Organizations face various challenges in managing business continuity, including reliance on limited resources, difficulty coordinating with different departments, lack of professional commitment to best practices, and challenges in documenting the plan and outputs of the business continuity testing phase. Therefore, at Positive Side Company, we recognized this need and provided a technological tool that acts as a framework to facilitate the analysis, planning, and documentation of business continuity plans at all stages following best practices.
Business continuity is also defined as the organization’s ability to continue providing its priority activities at predefined levels after an interruption. This is achieved through the existence of specific resources and technologies within a specified timeframe. The presence of Business Continuity Management and disaster recovery contributes to maintaining the organization’s ability to deal with unforeseen risks, reducing the likelihood or impact of such risks, through rapid response, improving stakeholder confidence, and enabling organizations to activate communication plans effectively during crises.
Business continuity helps raise the maturity level of organizations to achieve organizational resilience and withstand crises and disasters, reducing financial, legal, regulatory, operational, and reputational consequences for the enterprise.”
We offer comprehensive solutions for Business Continuity Management to help you adapt to any potential challenges.
What are the steps to develop a business continuity plan
The steps for developing business continuity plans are summarized as follows:
Risk assessment that includes assessing the organization's risks and problems, assessing the potential impact of disruption factors, prioritizing results and developing a new roadmap, as well as identifying the most likely threat forms.
Work on developing a business continuity plan as an important step in developing a business continuity plan and includes developing plans at the department and site level, reviewing the plan with key employers to confirm its effectiveness and proper distribution..
Develop the strategy and plan after verifying the validity of the recovery times to achieve the desired goals, and using the different views of employees and all departments to draw a comprehensive map that reflects the general feeling within the company, and after developing the appropriate plan, it must be ensured that there is an implementation or administrative team to follow up the implementation of the set plan..
Regularly test and maintain the plan by conducting periodic exercises at the top of the schedule, simulating to ensure key stakeholders agree on the steps of the plan, and implementing semi-annual plan reviews
Objective of Business Continuity Management
- Reduce the negative impact of unexpected events.
- Ensure the timely recovery of critical operations through effective and tested plans.
Elements of the Business Continuity Plan
A business continuity plan model primarily includes the following elements
Business Continuity Strategies and Requirements
This involves establishing the strategies to be followed for business continuity and identifying the necessary resources. Top of Form
Preparing for Incident Management
This includes defining the structure of incident management and training for dealing with emergency conditions.
Business Impact Analysis
By identifying the operations that have a priority for continuity in the event of an emergency
Principles of business management
Securing the future of the organization lies in the foundations of business continuity management
On the positive side, we realize the importance of business continuity management as a fundamental pillar for ensuring the survival and success of organizations. Here is a summary of the most prominent principles that make up this system
Business Continuity Strategies
Business continuity strategies should be built based on the results of previous analyses. Detailed and thoughtful planning implies the presence of a strong and effective management system capable of adapting to changes and different conditions.
Business Impact Assessment
Business Impact Analysis (BIA) is essential for determining the potential consequences of any disruption to the core operations of an organization. This analysis provides a detailed insight into how critical operations would be affected during emergencies and risks, as well as how they can be recovered.
Risk Anticipation
Every organization should act as a vigilant guardian, always prepared to monitor potential risks, whether existing or future. This requires conducting a precise risk analysis to identify the timeframes during which interruptions can be tolerated and pinpointing sensitive operations that could be significantly affected in the event of any disruption.
Training and Awareness-raising
Promoting awareness and providing ongoing training for all employees is essential to enhance the overall effectiveness of continuity management.
Exercises and Testing
Exercises and regular testing play a central role in achieving readiness and preparedness for any emergency.
Business Continuity Governance
Business continuity governance comes as a crucial element to ensure the effective implementation and monitoring of adopted strategies and procedures.
We offer you strategies to help you adapt to any challenges and succeed in challenging circumstances
Examples of Risks and Crises Affecting Business Continuity
There are many challenges that organizations may face in the field of business continuity, including financial impacts, legal impacts, reputation impacts, impacts on human resources, and impacts on objectives.
- Economic Crises: Economic crises can affect companies and limit the ability to maintain profits and sustainable business operations.
- International Crises: International crises can affect international trade and companies relying on it.
- Natural Crises: Natural crises can impact businesses, such as disruptions that may occur in factories and services.
- Security Crises: Security crises can affect business operations, such as terrorist attacks and internal crises.
- Cyber Attacks: Cyber attacks can lead to disruptions in major business sectors such as the government, finance, and communications.
Challenges in Implementing Business Continuity Measures
- Weak Internal Organizational Efficiency: Lack of internal organizational efficiency within the institution.
- Difficulty Identifying Potential Risks: Difficulty in identifying potential risks, leading to the design of an ineffective plan.
- Lack of Employee Training: Failure to train employees on flexibility, crisis management, and risk management.
- Institutional Non-Commitment to Training: Lack of commitment to training on business continuity plans.
- Difficulty Obtaining Necessary Funding: Difficulty in obtaining the necessary funding to implement the business continuity plan.
The Role of Business Continuity in Corporate Governance
Business continuity contributes to corporate governance by addressing important questions and providing answers, such as
- The flexibility of business operations and the organization’s operating model.
- Identifying the key threats that may affect the institution’s operations.
- Identifying mechanisms and plans for the institution to address any loss, loss, or threat.
- Ensuring that continuity plans will work when applied.
Positive Side Consulting Services in Business Continuity Management
- The flexibility of business operations and the organization’s operating model.
- Identifying the key threats that may affect the institution’s operations.
- Identifying mechanisms and plans for the institution to address any loss, loss, or threat.
- Ensuring that continuity plans will work when applied.
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