Business Continuity Failures Costs The UK £11 Billion
New research from the Business Continuity Institute has shown that overlooking risks costs UK firms around £11 billion. The issue they highlight is one of looking at suppliers, especially in the economic downturn. In essence, would your company survive if your key supplier went out of business?
They have also produced a nice simple survival guide to help weathering the economic downturn. There are 18 self-assessment questions which will make you think through some of the issues – and might even nudge you into reviewing your Disaster Recovery / Business Continuity plans.
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