The changing environment across the world has challenged business continuity and survival. Many businesses made a wrong move, which severely impacted the businesses performance and value.
According to Gartner’s recent Business Continuity Survey, only 12% of organizations are prepared for COVID-19.
The intelligent and smart heads of an organization ensured employee well-being and business continuity. The recovery plan or business continuity plan is executed and tested by large businesses.
But the strategic operations and economic changes for the time-period made small business organizations lose continuity in their business.
As the remote working became the new normal in this crisis, it helped many small businesses to respond rapidly and manage the business continuity.
First of all, organizations should be aware of risks related to coronavirus pandemic.
There are various risks associated, such as employee risks, cyber risks, business operations risks, and communication risks.
Understanding these risks allows you to prevent the suspension of your business operations.
Tips to Consider for your Business Continuity
Organizations should try and test various recovery plans to ensure business continuity. Viewham recommends you the below tips:
Companies should ensure the safety and well-being of employees and clients.
As the government provided leverage in maintaining a minimum percentage of employees at offices, you can manage your company using the safety and security measures.
Businesses should ensure the use of distinct and protected locations and create a safe working environment by proper sanitization.
The safety measures should also be used-in elevators, canteens and areas of general use.
It’s better to limit all least prioritized business travels and client visits.
Establish an emergency squad command center to take the necessary actions to meet the needs of your key investors.
Divide priority-based critical processes such as employee payroll, other payments, healthcare, supply chain, and banking-related issues. This helps to access-related problems and make immediate decisions.
For remote working employees or virtual workforce, build an expert hub to measure quality, productivity, and well-being.
Let your company be active and create a customer-oriented strategy that is accountable. Predict the actions that save your company from this pandemic.
Develop highly skilled and trained teams that can work from anywhere, anytime, to deliver customer commitments on time.
Create a broad network around your employees in the organization; this enables collaboration trackable and straightforward.
Taking care of health and child care of employees improves confidence and engagement levels, which results in better business outcomes.
- Reconsider your business recovery plans
- Modernize your risk register
- Review and update your agency’s policies and procedures.
- Undertake online training, upskill yourself and your staff.
- Be prepared for the strategical war in the long term.
As a business entity, every business wants to ensure the continuity of its services or products to their customers. But at the same time, safeguarding the welfare of staff and their families is also essential for an organization.
Following the safety measures and balancing the remote working emerges a more resilient business than ever.
Be prepared for the long-term, ready your tools and platforms to enable your business strategy to stand alone.
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