Resilience rules -
[Cached Version]
Published on: 8/16/2007
Last Visited: 6/12/2009
"Without executive sponsorship you will get very little momentum to implement a major BC program," said Jeremy Haworth, head of regional business continuity planning at HSBC in Hong Kong.
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Haworth added that embedding BC in organisational culture in fast-growing companies and economies is key to long-term stability.
"As economies grow exponentially in this region, businesses are trying to capture the fruits of that economic growth for their shareholders," he said.
"Being able to effectively embed BC in rapidly expanding businesses is a key challenge - think of new premises, new processes, acquisition and large numbers of staff to assimilate."
He added that big business is increasingly seeing that BC is being incorporated into expansion plans to meet growth expectations.
"Doing it early - and bringing in BC planners into the equation when selecting [new assets] will prevent expensive retrospective action at a later stage," Haworth told Risk Management.