Legal, Ethical and Cultural Issues of Business Continuity
May 2, 2018 - The laws and regulations of business continuity planning are pretty well known at this point, but ethical and cultural considerations may not be. These ethical and cultural issues are not illegal, but, as some have called some such practices, are "lawful but awful." You need to consider all these issues in your planning to prevent problems and even liabilities.
The wide reach of disasters can create business risks with equally broad consequences. Imagine the "butterfly effect" in business caused by flooding in northern California or civil unrest in an oil-producing country. Disasters may force manufacturers in a directly affected region to close their doors and "weather the storm." Of course, lost production probably means lost profits. A closure also probably means disappointed business partners, suppliers, and customers. As a result, many large companies require suppliers to maintain business continuity plans to mitigate the risk of disruption.
American and international populations have increasingly held business leaders to higher moral and ethical standards. Today's social and business environment requires companies to consider their impact on the environments and communities in which they exist. When companies look at their long-term plans and strategies, they have new and very serious considerations.
Keeping a business going is what business continuity is all about, but at what price? Ethics have more than one role to play as part of business continuity plan best practice. Not only are they important in order to prevent continuity from being jeopardized, but they are also a crucial part of any response to cure any continuity problem. Ethics can be a complex subject, all the more so because they go beyond what is prescribed by the law.
Most organizations have long acknowledged that business continuity planning is an essential priority for effectively anticipating, preventing, mitigating, and surviving natural disasters, data loss, accidents, and deliberate malevolent acts. What many are only now discovering is that integrity continuity planning is also due diligence. Ethical issues must be on the strategic agenda. Such planning must go beyond compliance issues and reactive disciplinary policies to actually manage integrity.
To stay on top, a business must remain relevant and be prepared to make the most of the constantly shifting market. Endless ideas and tips are thrown at business owners as a result---with the number one focus on adopting an agile company culture. Is agility the only key to success?
In this article, the authors sketch out the rise over the past few decades of what might be termed "safety culture," define an envisioned "continuity culture," and set forth how such a culture can be brought into being at your organization.
Copyright (C) 2018 Attainium Corp - All rights reserved.