When people think about business continuity events, they think about disasters, hurricanes, floods and the like. But business continuity planning needs to take into account events of all types.
Jessie Livermore was an American investor and securities analyst who flourished in the first half of the twentieth century. After reading about Livermore’s approach to risk management it was the things that were not obvious that got me thinking about the value of Business Continuity Management in his business life.
Olympic City, UK If you’re spending any time in London at the moment, it impossible not notice the amount of construction work that is underway. This ranges from the number of high profile buildings that are being built (such as The Shard, and The Cheese Grater, The Bishopsgate Tower), to an above average number of roadworks projects that are underway to ensure that the capital’s roads are not being dug up during the 2012 Olympics that opens on July 27th.
A Disaster by Any Other Name The clue is in the name really, but many people consider Business Continuity (BC) to be keeping a business running after a crisis or incident (see our previous post The Biggest Secret of BCP). This is of course true, but the definition of what makes a crisis or incident is what trips up many people.