article thumbnail

Why It Should Be The Year Of Crisis Preparedness For Your Brand

Bernstein Crisis Management

Would you be ready if you needed crisis management today? When a full 63% of your brand’s market value can be tied directly to how strong its reputation is, a single negative news article or popular social media post bashing its behavior can hit you right where it really hurts — in the bank account! Erik Bernstein.

article thumbnail

Herrera Unplugged: How to Hamstring Your BC Consultant

MHA Consulting

Our commitment also explains why I find the tendency I want to discuss today so unfortunate, and why I’d like to make a suggestion aimed at mitigating it. Here’s how: Ensure that senior management knows absolutely nothing about business continuity. Finally, explain and illustrate with a diagram the business continuity life cycle.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. Businesses can embrace business continuity without breaking the bank. Training, testing and exercises are essential components of business continuity, disaster recovery and crisis management programs.

article thumbnail

Sensing the Tremors of Disruption

Fusion Risk Management

So, how might the new operational resilience methodologies and requirements help us to mitigate future harm? Over the past year and more, we saw financial firms implementing operational resilience programs to comply with the Bank of England, PRA, and FCA regulations. Pinpointing the Moment of Impact.

article thumbnail

Why resilience is not the saviour of Business Continuity

Plan B Consulting

For example, in the public sector, Scotland Emergency Planning Units have renamed themselves as ‘Resilience’ and I have seen a number of resilience roles within the banking sector. Having identified a risk, other disciplines within resilience can help mitigate the risk and provide ongoing monitoring.

article thumbnail

Why resilience is not the saviour of Business Continuity

Plan B Consulting

For example, in the public sector, Scotland Emergency Planning Units have renamed themselves as ‘Resilience’ and I have seen a number of resilience roles within the banking sector. Having identified a risk, other disciplines within resilience can help mitigate the risk and provide ongoing monitoring.

article thumbnail

Clarity from Chaos: the Global Regulatory Challenge

Fusion Risk Management

A Morgan Stanley representative spoke at the GFMI event expanding on this, to illustrate the end-to-end picture of crisis management. Once you’ve done that, it’s becoming increasingly important to train all of your teams, not just the crisis management team, on how to respond to disruptions.