Searching for a silver lining across the horizon for your business resilience? Check out the arising concept of BCM!
The world has turned out to be more complex than anybody has expected it. In the business world, the executives are familiar with BCP as their go-to reference during disrupting events. But critics said, as the BCP is commonly scenario-driven, it has its limitations in preparing organizations in their ability to manage disaster in today’s complex world.
BCM, on the other hand, focuses on the organization’s resilience. Business continuity management is defined as the advanced planning and preparation of an organization to maintain business functions. One of the BCM processes is to align analysis with board and executive perspectives, as well as operational strategies, to establish a more sturdy solution. For example, communication is an essential component of managing business continuity. The BCM helps businesses to manage its message to be consistent, accurate, and coming from a one corporate voice that's reflect your sturdy business amidst the crisis.
Responding well to a disruption or disaster with a scenario on your Business Continuity Plan is strategic, but so does BCM roles to maintain resilience in organizational culture. With a systematic approach to business, both BCP and BCM can help your business face the unexpected in the new age. The COVID19 pandemic should be a great lesson for us in the business.