24 March 2010
Company bosses in the UK have been urged to put business continuity at the top of their agendas.
According to Stuart Sterling, civil contingencies secretariat at the Cabinet Office, business continuity fell down many people's lists of priorities during the recession.
He stated that while this is understandable, not having business continuity plans in place could prove harmful in the long run.
"The potential for lost revenue as a result of inadequate planning cannot be ignored," Mr Sterling commented.
"If organizations fail to prepare, they must be prepared to fail."
Mr Sterling added that the need to have adequate business continuity plans in place became apparent during the recent spell of heavy snow.
According to the Federation of Small Businesses, about one in seven people who work for small companies could not get into work during the severe wintry weather.
This was because of transport disruption and schools being closed.
How confident are you in your business continuity and risk management plans?