How a typical Business Continuity Program Works ?
February 12, 2025
Facebook is a company which has been growing at a breakneck speed. Within a decade, the company has already started dominating the advertising industry. However, now, Facebook has decided that it needs to diversify from the advertising industry. Following the example set by Chinese companies, Facebook also believes that communication and payments go hand in […]
Human Resource (HR): Though the pay rolls preparation through bespoke systems is one of the early adoptions of application software in many organizations, HR module was mostly left out by them, during their early phase of implementation of ERP system, apparently due to routine nature of HR functions, involving mostly some staffing activities. However, need […]
What is the American Dream and why was it so Good while it Lasted? For a long time, the United States was seen as the Land of Milk and Honey where anyone and everyone with some talent, lots of hard work, sheer grit, and dogged determination could make a career for themselves and raise a […]
Introduction Enterprise marketing automation is part of customer relationship management module. Enterprise marketing automation can also be an independent software installed by the company. The main function of the enterprise marketing automation module is to run different marketing programs in the organization. The enterprise marketing automation module also helps the given organization develop a business […]
Inventory is a necessary evil that every organization would have to maintain for various purposes. Optimum inventory management is the goal of every inventory planner. Over inventory or under inventory both cause financial impact and health of the business as well as effect business opportunities. Inventory holding is resorted to by organizations as hedge against […]
The legendary founder of Infosys, N R Narayan Murthy once when asked what his greatest challenge everyday was replied that putting mind over mindset is something that he consciously strives to do every day. This observation is very apt for all facets of business as the mindset of success is more important than having elaborate and detailed plans on paper on how to be the number one in the chosen field.
When organizations as a whole and individuals in particular develop the mindset for success, there is nothing stopping them from achieving their goals. Similarly, the ability of a company to respond quickly and swiftly to an emergency is largely a function of the disaster preparedness mindset among its employees.
We need not look farther than the response of companies in the wake of the 9-11 attacks. Companies like Goldman Sachs and Citibank were able to resume business in no time whereas other companies took their own time to resume operations. The difference in the response times of these companies is the prevailing mindset among its employees as to do the right thing in case of an emergency.
For instance, Citigroup lost many of its employees in the attacks but was in continuity of business mode within a couple of days. This was possible mainly due to the frame of mind of its employees who were trained and prepared to tackle emergencies as opposed to that of other companies that were caught like Deer blinded by a headlight.
To inculcate a mindset of disaster preparedness, companies ought to ensure that the employees do not panic in case of an emergency and have their wits around them when disaster strikes. This is possible only if the employees are trained to respond in an agile and adroit manner to emergencies. This is particularly important for those companies that operate mission critical systems like 24/7 banking operations and communications networks.
For these companies, disasters are opportunities to show their customers on how well they can respond to the emergency and ensure that the customers do not suffer. More often than not, the agility with which companies respond to emergencies is often the way in which top management maintains its calm and presence of mind during emergencies.
The reason for this is that it is human nature to flock around a leader in times of emergency and most of us would have known how we gravitate towards the head of the family or the one in charge during personal emergencies.
Similarly, companies ought to groom leaders who are capable of displaying extraordinary leadership during crisis situations and the way in which these leaders stand up and be counted during crises determines how well the company responds to the emergency.
Hence, the key takeaway here is that companies ought to nurture and groom leaders who display calm and not lose focus during an emergency and by doing so, the companies would have planned for emergencies when the workforce looks up to this leader and follows him or her like bees around the Queen Bee.
In conclusion, like in personal crises, it is the presence of mind and the well developed sense of fortitude that pulls people through emergencies. Likewise, companies ought to ensure that the mindset of disaster preparedness permeates to all levels of the organization and also to groom leaders who are capable of displaying extraordinary leadership during contingencies.
Your email address will not be published. Required fields are marked *