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POINT OF VIEW:
Make Business Continuity Planning a
Strategic Imperative
A MorganFranklin White Paper by Jeremiah Rothschild
edited by Mindy Shaltry
www.morganfranklin.com
Abstract
In today’s business world, a greater degree of risk is assumed along with more interconnected business models and the rising number of widespread disasters. While some industries are ruled by compliance laws and regulations, like the pioneering Sarbanes-Oxley Act of 2002, many entities are still unprepared for a large-scale disaster. Time lost in recovery can have detrimental effects on both client demands and shareholder value. To mitigate this risk, standards-based business continuity planning (BCP) is essential. A strategic, rather than tactical, approach to BCP requires a foundation in organizational structure and provides corporate advantages beyond readiness.
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