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Planning for Business Continuity

Governance for SMEs Nigeria

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Exit

Rules

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Methods of Learning

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Objectives

• Define and explain the importance of business continuity planning

• Explain the relevance of good citizenship (CSR and ethics) to business continuity

• Develop and integrate business continuity plans into strategic and operational plans

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Content

• Business Continuity Planning• Corporate citizenship and Business Continuity• Implement Business Continuity Planning

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Business Continuity Planning

Session 1

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Session 1: Objectives

• Define business continuity planning• Determine scope of business continuity planning• Explain the necessity and benefits of business

continuity planning

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Session 1: Content

• What is Business Continuity Planning?• The necessity of Business Continuity Planning• Scope of Business Continuity Planning• Benefits of Business Continuity Planning

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What is Business Continuity Planning?

• Creating value in your business in the short, medium and long-term

• Building a sustainable business in the long-term

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What it is not?

• Disaster recovery plan• Crises Management plan• Business interruption plan

These plans are developed by management as part of the Risk Management Process

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Why Business Continuity Planning?

• The ever-changing world– Global Economic and financial crises– Climate change crisis– Ecological crisis– Social media, internet, 24 hour news channels– Greater expectations from stakeholders– Others

• SMEs are more vulnerable

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The Ever Changing World – What it Means for Your Business?

• The ever changing world means that you cannot carry on business as usual

• Mindset change– We have to learn to make more with less– We have to have knowledge of and react to the

Stakeholder agenda– We have to have integrated rather than ‘silo’ thinking

• Requires planning and innovative thinking

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Understanding, Knowing & Planning

• How and what your company needs to make money?

• How and what your company needs to sustain value creation in the long-term?

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Business Continuity

• Recognition that a company consists of interacting, interrelated and interdependent operations, functions, relationships

• Decision-makers to take account of:– The connectivity between these factors – The changed world in which we live– Company’s impact on the world– Leverage for the company out of the changing world

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Scope of Business Continuity

• Financial• Manufactured• Human• Intellectual • Natural • Social

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Benefits of Business Continuity Planning

• Establishes Trust• Builds reputation• Decreases your expenses• Increases your opportunities• Increases your operational efficiency• Creates value in your business• Makes your business sustainable in the long-term

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Corporate Citizenship and Business Continuity

Session 2

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Session 2: Objectives

• Describe how good corporate citizenship can help with Business Continuity

• Identify Good Corporate Citizenship activities• Identify challenges with Partnerships and explain

how to overcome them

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Session 2: Content

• Corporate Citizenship and Business Continuity• Good Corporate Citizenship• Overcome challenges in sustaining partnerships

of Corporate Citizenship

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Corporate Citizenship and Business Continuity

• Being in business• Corporate activities that can be classified as

Good Corporate Citizenship

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Good Corporate Citizenship

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Benefits to

Society

high

low

highlow Benefits to Business

petprojects

philanthropy

propaganda

partnering

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Partnerships of Corporate Citizenship

• What do you think are the characteristics of a sustainable partnership of corporate citizenship?

• What might be the challenges in sustaining a partnership of corporate citizenship?

• How might these challenges be overcome?

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Sustaining a partnership of Corporate Citizenship

CHALLENGES• Finding an

appropriate partner• Getting the attention

of a potential partner• Other

WAYS TO OVERCOME• Research potential

partners• Look across all

sectors not just traditional ones e.g. private, public and not for profit

• Be innovative and open ton all ideas

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Drivers for Good Citizenship Reporting (KPMG International 2011)

Driver 2005 2008 2011Reputation or Brand 27% 55% 67%

Ethical considerations 53% 69% 58%

Innovation and Learning 53% 55% 44%

Employee Motivation 47% 52% 44%

Risk Management or Reduction 47% 35% 35%

Access to capital/increased s/h value 39% 29% 32%

Economic considerations 74% 68% 32%

Strengthened supplier relationships 13% 32% 22%

Market position improvement 21% 22% 22%

Improved relations with Govt. 9% 21% 18%

Cost Savings 9% 17% 10%

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Implement Business Continuity Planning

Session 3

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Session 3: Objectives

• Describe steps for Business Continuity Planning• Develop Plans for Business Continuity

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Session 3: Content

• Steps in Business Continuity Planning• Develop Plans to ensure sustainability of

business• Action plan

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Steps in Business Continuity PlanningDetermine critical Capitals for business sustainability

Identify the threats to these Capitals

Develop plans to ensure sustainability

Integrate into strategic and operation plans

Monitoring and reporting

Evaluation

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Sources of threat to sustainability

Succession Planning

Lack of skilled

personnel

New technologies

New policiesNatural

Resource scarcity

Loss of intellectual

capital

Poor image and

credibility

Inefficient decision-making

Others

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Develop a Plan to ensure the Business is Sustainable

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Sustainable Business

Have plans to face the

threat

Have systems to

identify opportunities

Leverage CSR

programs

Build all plans to

corporate strategy

Allow for changes

Integrated thinking

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Contact details

SME Management SolutionsIFC Sustainable Business Advisory/Nigeria First Floor, Maersk House Plot 121 Louis Solomon Close, Victoria Island Lagos-Nigeria Tel: +234 1 2799 400 Fax: +234 1 2793618-9