Advantages and Disadvantages of Business Continuity Management

In current global economics the application of Business Continuity Management is the prerequisite for sustainable competitive advantage in an organization. Business Continuity Management is a managerial which identifies the potential impact of losses in an organization. The aim of this paper is to identify and critically evaluate the relative advantages and disadvantages of deploying Business Continuity Management in an organization on the basis of seven criteria. The strongest advantage of Business Continuity Management is in its capacity to identify a crisis situation and help the organization to flexibly and also to keep the critical knowledge within the organization. By contrast the main disadvantage is that establishing Business Continuity Management in an organization is time-consuming and its implementation as an integral part of the organizational culture present significant difficulties. Keywords—Business continuity management, criteria, advantages, disadvantages, organisations, survey.

[1]  Sunil Rai,et al.  Business Continuity Model: A Reality Check for Banks in India , 2006 .

[2]  Sui Pheng Low,et al.  Business continuity management in large construction companies in Singapore , 2010 .

[3]  David Kaye.  Managing Risk and Resilience in the Supply Chain , 2008 .

[4]  Michael Blyth.  Business Continuity Management: Building an Effective Incident Management Plan , 2009 .

[5]  Vincenzo Morabito,et al.  Business continuity and the banking industry , 2010, CACM.

[6]  Andrew Hiles,et al.  Business Continuity: Best Practices , 2002 .

[7]  Matthew J. Morgan.  CONTINUITY MANAGEMENT: Preserving Corporate Knowledge and Productivity When Employees Leave , 2004 .

[8]  Michael Pitt,et al.  Business Continuity Planning as a Facilities Management Tool , 2004 .

[9]  Brahim Herbane.  The evolution of business continuity management: A historical review of practices and drivers , 2010 .

[10]  Andrew Hiles,et al.  The Definitive Handbook of Business Continuity Management , 2010 .

[11]  Arif Ahmed,et al.  Business Continuity and Disaster Recovery Plan , 2012 .

[12]  Brahim Herbane,et al.  Business Continuity Management: A Crisis Management Approach , 2010 .

[13]  Rebecca Kay,et al.  Introduction to Human Resource Management , 2008 .

[14]  Rama Lingeswara Tammineedi.  Business Continuity Management: A Standards-Based Approach , 2010, Inf. Secur. J. A Glob. Perspect..

[15]  Peter Massingham,et al.  Knowledge risk management: a framework , 2010, J. Knowl. Manag..

[16]  Lyndon Bird.  Journal of business continuity and emergency planning. , 2014, Journal of business continuity & emergency planning.

[17]  Kasim Randeree,et al.  A business continuity management maturity model for the UAE banking sector , 2012, Bus. Process. Manag. J..

[18]  Tim Weitzel,et al.  The performance impact of business process standardization: An empirical evaluation of the recruitment process , 2010, Bus. Process. Manag. J..

[19]  Jim Burtles,et al.  Principles and Practice of Business Continuity: Tools and Techniques , 2007 .