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Building Resilient
Continuity and Resillience Management at Glance
Business continuity management system (BCMS) is a strategy that organizations adopt to ensure that prioritized business functions and processes can continue operating in the event of a disruption or crisis. It involves identifying potential risks and implementing measures to prevent or minimize their impact on business operations. BCM aims to enhance an organization's ability to respond effectively to, recover from, and adapt to disruptions, thereby reducing the negative consequences on business performance and reputation. It encompasses various activities such as conducting risk assessments, developing business continuity plans, establishing communication protocols, and conducting regular testing and training exercises.
On the other hand, business resilience refers to an organization's capacity to anticipate, respond to, and recover from disruptions while maintaining essential business activities and achieving long-term success. It involves a broader perspective that goes beyond just ensuring business continuity. Business resilience focuses on building a flexible and adaptive organizational culture that can quickly adapt to changing circumstances, seize new opportunities, and mitigate risks effectively. It encompasses strategies such as diversifying supply chains, developing alternative business models, fostering innovation and creativity, and investing in technology and infrastructure. By implementing business resilience practices, organizations can not only survive disruptions but also thrive and gain a competitive advantage in today's dynamic business environment.