Remove Communications Remove Impact Analysis Remove Insurance Remove Strategic
article thumbnail

Separating the Best from the Rest: An Analysis of Why Business Preparedness Is Critical in an Uncertain Future

Erwood Group

In addition to preventing severe financial losses, it can prevent companies from “cl osing their doors” To celebrate April’s Financial Literacy Month, I will share examples of what happens when you do not have a plan and outline strategic steps on how to build a resilient organization during the next crisis. in a single day.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. The critical point a business needs to understand is that the program implementation and its maturity will require some time and effort across the organization.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Section 4 - Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis. 4 – Business Impact Analysis.

article thumbnail

Everything You Need to Know About Business Continuity Plans

Erwood Group

Another definition from the Federal Continuity Directive 1 is, Continuity Plan is a documented plan that details how an individual organization will ensure it can continue to perform its essential functions during a wide range of events that can impact normal operations. Insurance Contact Information. Crisis Communications.

article thumbnail

Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

It encompasses a holistic approach, safeguarding an organization’s people, processes, facilities, technology, vendors, and communications. It integrates people, processes, properties, communication, technology and other key areas. Myth 8: Business Continuity is Only Relevant in Crisis Communication.

article thumbnail

Business Continuity as a Business Strategy

Disaster Recovery Journal

The core strategic element of the business strategy was to provide customer service no matter what the situation. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The shared perspective was ingrained in the organizational culture. Conclusion.

article thumbnail

14/03/14 Business Impact Analyses

Plan B Consulting

The following article was published on the Microsoft website and written by Nick Saalfeld of Wells Park Communications. If a computer or hard drive is lost or stolen, for example, the value of it (which is what your insurer is interested in) may be £400. It’s been a sobering start to the year for many businesses.