What Business Continuity Management is
Business Continuity Management (BCM) is the proactive vision of the risk and threat analysis, added of fundamental components: a contingency plan, prevention and response actions, in order to protect companies and businesses from major losses.
In Beacon’s vision, BCM deals with five different risk groups:
- safety or daily-routine risks (e.g. fires, vehicle accidents…)
- internal major events (e.g. collapsing of a building, major data losses…)
- security threats, breaches and leaks (e.g. data hacking…)
- environmental and man-made risks and threats (e.g. earthquakes, floods, atmospheric phenomena, pandemics… or terrorism, conflicts, political instabilities..)
- financial meltdown
In its vision, Beacon uses a more holistic approach than what is normally included in BCM. That is because your company, your organization, is not unlinked with the external world, but is full nested in it. So it is part of a more complex multi-risk scenario and have to cope with it in the best way possible.
As further analysis, it is important to do not forget that BCM has to be as wide as your company’s business is: if you are producing in UK and you sell in Indonesia, a good BCM plan will be focused on both the areas.