Thursday, May 28, 2020

Disaster Management


Business Continuity Planning (BCP) is part of the risk management of companies built for endurance and resilience. It involves brainstorming and preparing for any threats, and setting up plans for before, during, and after disasters. You often get accountants who get their own finances in a mess. Actuaries who don’t have adequate insurance. Handymen whose own house is falling apart. Therapists who don’t look after their own mental health. The problem with 5 days a week of work, and only 28 days of leave a year, is getting your own house in order. A key part of BCP is key man risk. A good company shouldn’t be dependent on any individual. Unfortunately, lots of individuals are very dependent on the companies they work for. And more energy goes into thinking about the threats to the business than the threats of depending on that business. No sustainably good business would have just one client, or just one employee. Yet we structure society on individuals depending on a single stream of income.



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