It is not just in the U.S. that business continuity management (BCM) holds sway. Today's businesses operate in a global environment, and rising companies in the Middle East and North Africa (MENA) are seeking BCM services at increasing rates, according to a recent blog post at CPI Financial.
The finance group suggests that businesses in that geographical region are facing similar struggles that their counterparts in other areas of the globe may already have realized. Specifically, area businesses “are facing the increasing challenge of managing complex operations across multiple entities as they integrate business partners, suppliers, and even competitors into an extended enterprise,” CPI Financial says. The post goes on to extensively quote one of the giants in the professional services market, Deloitte (News - Alert).
The Business Continuity Institute recently awarded Deloitte Middle East with the Business Continuity of the Year 2014 award for its contributions to the field. It has stepped forward to help companies evaluate risks and monitor their applications wisely. It is risk management that Fadi Sidani, enterprise risk services leader at Deloitte Middle East, says falls under the umbrella of BCM and is a necessary element that organizations must address.
Sidani points to business and operational resiliency, organizational resiliency, technology resiliency, and vendor and supply chain resiliency as part of what Deloitte analyzes with their business partners. As businesses in the region grow, they will be increasingly pressed to make sure that their various sectors of resiliency hold up to the demands of the overall market.
Having a business continuity plan can help businesses survive in the event of a disaster. Such plans can address what a business needs to do come any form of security breach. This is especially necessary when considering cyber-related threats which are a growing part of the business landscape as organizations rely more heavily on digital technology.
Edited by Rory J. Thompson