By definition, emergencies are unpredictable — whether they’re on the global or local scale. However, companies that fail to plan are the hardest hit by major disasters and even minor service disruptions. That’s why having a business continuity plan in place is invaluable in the case of a crisis or an economic downturn. Planning for a wide array of circumstances will set you and your company up to rise above uncertain times, regardless of how long they last.
Any disruption to your business can have far-reaching consequences and introduce discord into otherwise streamlined processes. By creating a business continuity plan, you’ll not only ensure that everyone knows what to do in the event of an emergency, but you’ll also gain a clearer understanding of what’s working well in your business and what can be improved.
The Alternative Board has created a useful white paper on how to safeguard your business.