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Murphy's Law - Are You Ready?

July 16, 2018

‘If something can go wrong, it will’ – Murphy’s Law.

 

So, it is surprising to find out that 65% of businesses in the Middle East do not have a Business Continuity Plan in place.

 

In today’s dynamic world, where business crossed international borders at the speed of light, supply chains extend all around the globe and the political-economic arena is constantly changing, can businesses not take precautions to prepare for the worst?

 

According to Ventures Middle East, the 10 top threats to Business Continuity in the Region are:

  • Cyber-attacks & Data breach

  • Adverse weather like Rain Floods, Sand Storms, Earthquakes etc.

  • Fire

  • Active War

  • Terrorism

  • Pandemics & Infectious Disease

  • Security incident

  • Unplanned IT or telecom outages

  • Supply chain disruption

  • Utility supply interruption

These can cause serious damage to a business, its products or services, its reputation and its continued existence.

 

And, it doesn’t just affect big businesses! For SMEs it is critical to be prepared as you haven’t the resources that big companies and multi-conglomerates have. 

 

Implementing the ISO 22301:2012 Business Continuity Management System (BCMS) can help you identify the risks, action plan against them, keep your staff aware and put procedures in place to keep the business running when problems strike.

 

Among the benefits of implementing ISO 22301 BCMS are:

  • Reduces impact and frequency of business disruptions

  • Enhances your ability to respond when disruptions do occur

  • Gives you confidence in your responses and ensures appropriate and agile contingencies

  • Better stakeholder/interested party relationships

  • Protects and enhances your reputation and credibility

  • Improves your ability to win tenders

  • Greater visibility of business risks both externally and internally across the business

  • Cost savings through mitigating impact of disruptions

For more information on Business Continuity Planning and Implementation email info@csa-consultants.me or visit our website www.csa-consultants.me

 

Don’t fall foul of Murphy’s Law – Be Prepared!

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