There is an urgent need for Business Continuity Management (BCM) in Africa starting with the leaders and Giants in the African continent.
Business continuity
management (BCM) is a relatively new concept in the area of business protection
and enterprise wide risk management. However, organizations do not exist in a
vacuum and organizations must seek to understand where its application will
bring value as well as fits with other activities to support the achievement of
organizational objectives. The subject and importance of business
continuity management has received significant attention and awareness
especially in developed economies of the world; however, it has received little
or no attention in developing economies of Africa and Asia and as such many
business leaders especially in Africa still do
not recognize the starting point in developing these capabilities.
Business Continuity Management is a
management process that identifies potential impacts that threaten an
organisation and provides a framework for building resilience and the
capability for an effective response which safeguards the interests of its key
stake holders, reputation, brand and value creating activities.
It provides a basis for planning to ensure an organization’s long-term
survivability following a disruptive event.
No organization can have complete
control over its business environment
and as such all organizations from all sectors will at some point
encounter possibility of disruptive incidents that have short and long standing impact on normal operations to
the very destruction of the organization. Organisations are faced with a
variety of threats and vulnerabilities as business disruptions can include
natural disasters such as flood, tsunami, fire outbreaks, power outages, system
failures, man-made disruptions and as such organisations would look beyond industry
specific and a single class of crisis and disruptive event.
BCM is beyond just
dealing with big impact; low probability events. It has become an essential
enabler of organisational resilience as part of business as usual (daily
operation) with direct attention and focus on identifying and protecting
sources of value and value creating activities within an organisation.
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