Have you undertaken your Business Continuity analysis?
January 18, 2021The business continuity plan will help you to analyze the level of risk and vulnerability of your business and it will enable you to develop effective risk and contingency system for the business in case of any foreseeable or unforeseeable occurrences.
According to Catherine Wekesa, CEO at the International Talent Management Consulting Limited, this tool can help you establish the risk profile of your enterprise and the level of vulnerability to Covid-19 in terms of its impact to your people, processes, profits and partnerships.
- People: lives of workers and family members
- Process: enterprise operations
- Profits: revenue generation
- Partnerships: enabling environment to carry out business operations
The Business Continuity Plan is targeted at smaller enterprises with limited resource and is structured into two parts.
- This is a risk assessment that you can quickly do. It establishes the level of risk and vulnerability to your enterprise.
- The second is your business continuity plan which establishes how your business will weather the risks identified above.
Catherine Wekesa was a facilitator at Un.thinkable masterclass (our quarterly 10X Growth Leaders Workshop) in November 2020. Click here to apply for membership in Un.thinkable.