Experience shows that businesses are far more likely to survive a disaster if they have thought about it in advance and planned accordingly.
Good BCM requires a detailed understanding of the business and how it works. Engaging in BCM can drive operational efficiencies for normal business.
Banks, investors, insurers, customers and suppliers are more likely to take a company that has a Business Continuity Plan more seriously. Reduced premiums and better access to finance may give you a commercial advantage even before an event occurs.
Business Continuity Plans build employee confidence and staff will appreciate the fact that the business is doing all it can to protect their well-being and place of work.
Rapid response to an emergency can enhance your reputation and build customer confidence.
In the end, business continuity is about responsible management at all levels of a business. BCM can assist with ensuring compliance with regulations such as health and safety and supports good corporate governance.