Monthly newsletter Weekly news roundup Breaking news notification    

Business continuity awareness survey published

Get free weekly news by e-mailAt yesterday’s Business Continuity – The Risk Management Expo 2005, taking place in London, the Business Continuity Institute (BCI) and IMP events announced the key findings of the BCI’s annual business continuity awareness survey.

Carried out by Rosslyn Research Ltd, a specialist market research company, this research examines current attitudes towards business continuity management, via a statistically robust quantitative programme backed up by in-depth interviews.  251 interviews were carried out by telephone in January and February 2005; this methodology enabled the survey to get some psychological depth as many of the questions asked were unprompted ensuring the researchers gathered a true understanding of the concept of business continuity management. 

Key questions considered in the research programme included:

• How do companies understand the concepts of disaster recovery and business continuity management and the relation and difference between these concepts?

• How does business continuity management differ between small, medium and large companies and between industrial sectors?

• How important is IT and telecoms business continuity management and who is in the decision making chain?

• Is outsourcing becoming more, or less important as a consideration in business continuity management?

Key findings:

• Nearly 70% of the companies surveyed have business continuity plans in place. That percentage rises to over 80% in the financial and retails sectors.

• Where an organisation has business continuity management in place almost 60% of development and maintenance is carried out at Board level. 

• 27% of organisations have dedicated business continuity personnel.

• Business continuity management has emerged with a clear identity as a wide ranging management discipline and is no longer synonymous with disaster recovery.

• Telecoms protection is almost a blind spot in the planning of many businesses.  If asked to think of something adverse happening to their business, very few people spontaneously think of telecoms failure.  But when directly asked, nearly all acknowledge that it’s one of the gravest threats of all.

• Over two-thirds of the companies surveyed do not outsource any of their core business activities.  18% outsource at least some of their IT, which is by far the most common area for outsourcing. However, only 27% of organisations actually involve themselves in helping their suppliers to develop a business continuity management plan and get involved in rehearsals of the plan.  Too many companies are vulnerable to a failure in their supply chain.

• Only 16% of companies have a business continuity strategy with provision for protecting the company’s reputation.

Date: 17th March 2005 • Region: UK Type: Article •Topic: BC statistics
Rate this article or make a comment -
click here




Copyright 2005 Portal Publishing LtdPrivacy policyContact usSite mapNavigation help