The paper "The Role of Business Continuity Management within the Organization " is a great example of business coursework. The goal of business is to create value to their customers in a manner that guarantees them market leadership and reward to the shareholders. However, the continuity or smooth operation of the business can be disrupted to various extents as a result of interruptions such as accidents related to human error, natural disasters, terrorism and utility disruption as a result of the basis that no organisation can have exclusive control over business environment.
Moreover, they can be tied to environmental factors, economic factors and socio-political factors. These events are likely to impact on the overall productivity of a business and ultimate performance (Hassanain & Al-Mudhei, 2006, p. 62). Businesses constitute a significant portion within the economic system of a country and thus their disruption, especially in a given magnitude equally impacts on the resilience of a nation. Therefore, the same argument is valid for the case of a country where the identified factors pose threat & risk to the continuity of a country if not well anticipated & managed.
Businesses should have continuity planning so that in an event of unforeseen hazard they can be able to rise up. For instance, McCafferty (2013 cited in Musgrave & Woodman, 2013, p. 3) observes that “ companies with robust plans in place recovered more quickly from the effects of extreme weather, contributing to the improved resilience of their company, their community and to the overall resilience of the UK” . Anchored on this realisation, the principal focus of the paper is to assess critically and outline the role of business continuity management both within the organisation and the contribution it makes to national resilience. The role of BCM in business organisations and in the nation’ s resilience lies in its ability to ensure that organisations can continue to operate so as to attain company’ s objectives & obligations to the consumer and maintain her market share (Tilley, 1995, p. 49).
The approach taken in this section is a two-pronged answer. In the first instance, the paper examines the role of business continuity management within the organisation. Secondly, with the realisation that business organisations and organisation occupies a core position on economic growth & development through delivery of goods & services and other social services, the paper outlines the significant contribution it makes to national resilience.
Resilience is taken within the context of the ability to withstand or overcome disruptions. In discussing, the role of business continuity management in an organisation, the entry point that depicts its significance to businesses emanates of out the definition of the said subject. First, let examine the role of BCM in business organisations. According to Business Continuity Institute (2005, p. 8), BCM is “ a holistic management process that identifies potential impacts that threaten an organisation and provides a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities” .
From this definition, two significant categories of roles emerge out of it that are worth interrogating. The first is anchored on the platform that it empowers managers to be in a position to pinpoint possible threats that might cause disruptions and their impacts. Secondly, BCM is critical in informing management on a framework for developing resilience which in turn occupies a central position in safeguarding stakeholders’ interest, organisation’ s reputation, brand image/ equity and value-creating activities & processes.
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