we complete your success planning for business continuity governance for smes nigeria
DESCRIPTION
3 We Complete Your Success Methods of LearningTRANSCRIPT
We Complete Your Success We Complete Your Success
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
We Complete Your Success We Complete Your Success
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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We Complete Your Success We Complete Your Success
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