Morgan Solus

Be Prepared For Any Eventuality

Expert Consulting for Business Continuity, Crisis Management and IT Disaster Recovery

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Award-Winning Company

As an award-winning business continuity advisory firm, we provide not only a comprehensive software platform but also expert consulting services. Our team of certified professionals is dedicated to enhancing the maturity and effectiveness of your resilience program, ensuring a well-rounded, robust approach to business continuity and IT disaster recovery.

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Business Continuity

Business continuity refers to the planning and preparation undertaken by an organisation to ensure that it can continue to operate and recover quickly from disruptions. These disruptions could be due to natural disasters, technical failures, cyber-attacks, or any other events that could potentially halt business operations.

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Business Continuity Management (BCM) is a comprehensive approach to ensure the critical functions of an organisation to continue to operate in the face of disruptions or crises. It encompasses threat assessment, business impact analysis, and the development of resilience strategies, plans, and exercises.

In an increasingly complex and interconnected world, disruptions – whether natural, technological, or man-made – are inevitable. BCM prepares businesses to respond effectively to these challenges, minimising downtime, financial losses, and damage to reputation.

Business Continuity Management (BCM) and IT Disaster Recovery (IT DR) are closely related concepts but focus on different aspects of an organisation’s preparedness and response to disruptions.

BCM: Business Continuity Management focuses on ensuring the continuity of critical business functions and processes in the event of a disruption. This includes areas like finance, human resources, operations, supply chain, and facilities etc.

IT DR: IT Disaster Recovery is a subset of BCM, focusing specifically on the recovery of IT systems and data. It deals with restoring hardware, applications, data, and connectivity in a timely manner to support business continuity.

A typical business continuity programme includes, but is not limited to:
  • A threat assessment
  • Business impact analysis (BIA)
  • List of critical functions
  • Implemented recovery solutions
  • List of roles and responsibilities
  • Training and awareness programs
  • Schedule for testing and reviews

It’s advisable to review and update a business continuity plan (BCP) at least annually, or when there are significant changes to the business, its operations, or the environment it operates in. However, regular drills and exercises can provide insights for more frequent minor tweaks.

No. Businesses of all sizes can face disruptions. While the scale and complexity of the business continuity plan might vary for each entity, the core principles apply universally – from startups to multinational corporations.

If your business has operations, processes, or functions whose disruption could lead to financial losses, reputational damage, regulatory penalties, or any other significant negative impacts, then you would certainly benefit from a good business continuity programme

While it’s certainly possible to develop a business continuity plan in-house, especially if you have the expertise, many organisations benefit from external consultants who bring in-depth knowledge, a fresh perspective, and best practices from various industries. We also provide a complimentary, once-off, no-obligation 30-minute virtual session with one of our expert advisors. This one-time opportunity allows you to ask questions or seek advice on your program, ensuring you get the guidance you need.

Regular awareness,  training,  and simulations can help employees understand the benefits of Business Continuity and what their individual roles will be during a disruption. Effective communication, leadership buy-in, and fostering a culture of resilience is also crucial.

The true test of BCM is how effectively an organisation can respond to and recover from disruptions. Regular testing, drills, and after-action reviews provide tangible metrics. Feedback from stakeholders, downtime statistics, financial impact analyses, and whether the Recovery Time Objectives (RTO) of each recovery stage were achieved, can also offer valuable insights.