If you are drawing up your department’s budget and wondering how best to make a business case for including emergency response and disaster preparedness in your organization’s plans, here are 7 solid data points to help you make your case.
1. Disasters put companies out of business
More than 60% of businesses confronted by a major disaster close within two years.
2. Events that impact employees impact operations
Two thirds of businesses surveyed said they could not maintain normal operations if half their workers were out for two weeks.
3. Crises affect the value of your organization
Nearly 50% of companies that experienced a crisis suffered declines in share prices of more than 20% in a one-month period; a year later, a quarter had not recovered to their original levels.
4. 21st Century threats are increasing
Workplace violence increased 15.6% between 2005 and 2007 (the most recent data set currently available) and terrorist incidents have increased exponentially since 2001.
5. Government is not equipped to handle the response alone
The US gave itself an “F” in preparedness for a biological weapon attack, despite declaring that an attack of this kind was “more likely than not” by the end of 2013. The Preparedness Task Force’s report to Congress states: “Homeland security policy increasingly recognizes the critical role of individuals, the private sector and non-governmental organizations in preparedness.” –
6. Key stakeholders are starting to expect preparedness
38% of those polled reported customers have asked for proof of preparedness; 23% report strategic partners such as suppliers have asked.
7. Having a “plan” is not enough
Of those who have had to invoke a business continuity plan, 50% discovered there hadn’t been enough training across the company and 49% found plans didn’t adequately address internal communication.
Do you need help assessing your organizations level of preparedness? Contact us and we will be happy to assist.
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- Association of Records Managers & Administrators
- Harvard Business School study on Pandemics
- “Transform the Resilient Economy: Integrating Competitiveness and Security” by Debra can Opstal
- Poll of IT professionals and C-level executives by SteeleEye Technology
- Commission on the Prevention of WMD Proliferation and Terrorism, Jan. 2010/Preparedness Task Force’s Report to Congress, Sept. 2010
- Forrester Research Inc. poll of 295 global business continuity decision-makers and influencers
- Forrester Research Inc. poll of 151 business continuity decision-makers and influencers