Southeast Asia and the Korean Peninsula in particular have been dealing with a growing wave of alarming news: missiles and threats seem to fly with increasing frequency and magnitude; nuclear tests and talk of apocalypse, sanctions and the beating of the war drums are sure to set people’s nerves on edge.
While the diplomats do their best to try to find a peaceful solution to this crisis, business leaders are probably asking themselves questions about the current and potential impact of all this evolving situation on their business – specifically about their ability to continue functioning under major disruptive conditions. Regardless of how the crisis evolves, there will always be the day after. The only question is where will you and your business be in that day-after?
To that end, there are several focused questions that each business leader should ask:
- Has my company undergone a disciplined and professional risk assessment audit recently?
- Does my company have an enterprise-wide Crisis Management Plan (CMP and Business Continuity Plan (BCP)?
- Do my domestic and international office locations have their own individual CMP and BCP in place?
- Do we understand the different evolving scenarios and their current and potential impact on our ability to do business both regionally and globally?
- Do we have a mechanism in place to provide us with on-going, real time assessment of the situation in the field, and advise us of the options available to us at each stage?
- How current are our security and evacuation programs – for local as well as expatriate staff (and their families)?
- Do we have a robust communications network in place, one that will operate under crisis conditions and allow us to maintain contact between our local facilities, personnel, headquarters, and local first responders?
- Do we have trained and practiced business continuity teams, people who know what they have to do in time of crisis, and the resources they will need to carry out their mission when called upon to do so?
- Have we coordinated our business continuity plans with essential actors such as vendors, suppliers, customers?
Asking, and seeking answers to any of these, and many other, questions after a crisis has erupted is not going to work, and whatever assistance is secured will be prohibitively costly, if obtainable at all. It’s highly unlikely that any meaningful progress along any of these essential business continuity fronts can be accomplished while a crisis is in progress, travel and communications are severely disrupted and resources are limited at best.
To be able to respond with maximum effectiveness during a crisis, a CMP and BCP should be in place, including planning, training, resources, lines of authority and responsibility, protocols, resources and communications networks should be in place today.
Remember, it’s never too late to start preparing – until it’s too late.
TAL Global can provide a complete CMP and BCP solution for companies large and small. We utilize our “Team of Experts” concept to provide a high level of service and value added propositions to our clients. Contact us to learn more about CMPs and BCPs and discuss your company’s specific needs.at [email protected] talglobal.net