Companies care for IT more than staff
UK companies are more worried about losing IT capacity than their people or offices in the event of a terrorist attack.
UK companies are more worried about losing IT capacity than their people or offices in the event of a terrorist attack.
Despite this, businesses are failing to plan for possible disruption to their operations caused by war and terrorism, according to research by the Chartered Management Institute.
More than half of the 742 managers polled admitted they did not know whether their company had a business continuity plan in place. Of the 46% that did, only one-in-five organisations practised organisation-wide recovery, while 40% limited their dry runs to IT. And, while more than four-out-of-five rehearsals revealed shortcomings, one in six companies subsequently failed to address them.
The findings of the fourth annual CMI survey, published in association with the Business Continuity Institute and the UK government’s civil contingencies secretariat, which is based in the Cabinet Office, coincided with Business Continuity Awareness Week, held at the end of March.
‘External levers – demands from customers, insurers, regulators and the government – are forcing business leaders to take business continuity planning seriously,’ said John Sharp, chief executive of the Business Continuity Institute. ‘But we are concerned that the focus on IT systems could mean businesses are neglecting soft issues regarding reputation and people.’
Visit the British Continuity Institute’s site at www.thebci.org.
The numbers you crunch tell a story. Your expertis...
21yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article