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Challenges and opportunities for business continuity within 21st-century business models

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  • Kaye, David

Abstract

This paper sets out to explore the new challenges and opportunities for business continuity within 21st-century business models. It illustrates why and how businesses are changing, demanding that traditional silos of risk thinking be broken down, and business continuity management (BCM) become a central and crucial tool for the board and its risk management team. The paper also sets out to explain an important need for traditional organisational barriers to be lowered among the risk community. As in all business change, there are drivers for that change. By exploring and understanding these drivers, it will be possible to fully appreciate why business continuity itself is changing, and why it must change further if it is to satisfy the needs and trust of its own stakeholders. That understanding will also help to forecast the challenges and opportunities for risk and continuity professionals that will evolve in years to come. It will also encourage some organisations to rethink how BCM is best skilled and positioned within their management structures.

Suggested Citation

  • Kaye, David, 2006. "Challenges and opportunities for business continuity within 21st-century business models," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 1(1), pages 47-54, September.
    • Handle: RePEc:aza:jbcep0:y:2006:v:1:i:1:p:47-54
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    More about this item

    Keywords

    21st-century business models; business continuity management; continuity risk management; intellectual assets; supply chain; business impact; ‘hollow’ companies; supply chain failure;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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