Blog posts

So what’s all this about black swans?

Mar 23, 2015 14:11 GMT The Business Continuity Institute So, first things first. What’s a black swan? Let’s get a definition out of the way: a black swan, to paraphrase Naseem Taleb, is an event that is (1) unpredictable, (2) massively game-changing and (3) in hindsight completely foreseeable. If it does not embody all three elements it’s not a black swan. Taleb says they’re rare – I say that’s changing.

Don't wait until it's too late to develop a business continuity plan

Mar 20, 2015 13:05 GMT The Business Continuity Institute In any business, there are always pressing issues that need immediate attention so it's easy for business owners to let developing a business continuity plan fall to the bottom of to-do lists. However, preparing a plan should be a priority for all business leaders, especially in Canada where extreme weather is known to wreak havoc on business operations.

Testing and exercising business continuity plans

Mar 19, 2015 09:50 GMT The Business Continuity Institute A crisis, if not fatal, represents an opportunity to look at a situation with new eyes and perspective, a chance for improvement and change, lessons to be learned next time. A crisis implies a crucial point which calls for an action, to decide how to react and what to do, to force us to look outside the box and actively seek opportunities. It is better to do this before a crisis.

Defining a resiliency strategy early to ensure complete business protection

Mar 18, 2015 15:30 GMT The Business Continuity Institute We are quickly coming to terms with the cloud evolution, realizing that the sense of urgency required to transform existing IT capabilities by leveraging new technologies that exploit automation is key to the overall success of the business. Providing uninterruptible service to the marketplace has not only become our number one priority, but is essential to staying in business.

Why is a 'near miss' always more successful than an exercise in focusing the mind?

Mar 17, 2015 10:00 GMT The Business Continuity Institute Recently I had occasion to be flying into Frankfurt with a well-known airline, the equipment as they say in aircraft parlance seemed very knew, which was a comfort somehow. Gently we approached and the flight attendants were instructed to take their landing positions and dutifully buckled up. I could see the ground approaching and I had heard the landing gear come down.

Exercising builds organisational resilience

Mar 17, 2015 10:00 GMT The Business Continuity Institute Business continuity (BC), as a key discipline within the resilience framework, must articulate this message. Exercising BC plans, viewed from this strategic lens, is an opportunity to gauge resilience. It is fitting therefore that this year’s ​​Business Continuity Awareness Week focuses on the role of exercises in building organisational resilience.

​Why testing and exercising are essential for an effective business continuity programme

Mar 17, 2015 10:00 GMT The Business Continuity Institute It’s a ‘no brainer’! Any type of plan that has not recently been tested and updated is not worth the paper it’s written on. We spend hours building and maintaining our BCM programmes, keeping the plan up to date and relevant, claiming that we are ‘ready’ to respond and ‘capable’ of coping with the impact of expected and unexpected disruptions.

Business continuity and business resilience: Why do we need it?

Mar 16, 2015 16:50 GMT The Business Continuity Institute Many years ago when working with a University, a history academic asked me a question along the lines of, “Why do we need business continuity now? The world has got on fine for years without it.” On the face of it, the statement seems logical. Trade had existed for several thousand years without a BIA or crisis management plan in sight.

Engaging stakeholders meaningfully for exercise planning

Mar 16, 2015 14:45 GMT The Business Continuity Institute When we arrive at the planning phase for a test or an exercise, you'll find that the only people who will be involved tend to be limited to some Managers from those critical business units along with their outsourced vendor representatives.

Can you test a business continuity plan?

Mar 13, 2015 12:08 GMT The Business Continuity Institute I am not a grumpy old man but for this article I intend to be! Business Continuity Awareness Week is next week and the enthusiasm is whipping into frenzy. The topic 'exercising' is the most inspiring and enthusiastically supported area of the BC programme. Hence I think a couple of us are getting a bit over excited and forgetting our theory.