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uae's growth as commercial hub highlights need for businesses to prepare for crisis.


The UAE's continuing growth as the regional commercial hub highlights the need for private and public sector organisations to follow Britain's lead in taking steps to ensure businesses can cope with a crisis, management systems experts say.

Research by BSI BSI - British Standards Institute , which launched its Business Continuity Management (BCM BCM Baylor College of Medicine
BCM Become
BCM Business Communications Manager (Nortel)
BCM Broadcom Corporation
BCM Business Continuity Management
BCM Business Contact Manager (Microsoft) 
) system, BS 25999, in Dubai today, shows that UK businesses are increasingly active in preparing themselves for the threat of disruption or disaster.

The annual survey of FTSE FTSE

A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.

Notes:
The FTSE is similar to Standard & Poor's in the United States.
 250 companies by BSI, a leading management systems registrar, found that:* 81% of FTSE companies would expect to last up to one week before feeling serious detrimental effects following disruption or disaster* Almost two thirds (63%) are very well prepared for serious IT failure* Half of businesses surveyed are fully prepared for a forced office relocation* Almost half (47%) are fully prepared for comprehensive supply chain failure

The research also showed that 71% of FTSE 250 companies recognise the importance of Business Continuity Management (BCM) in staying competitive and winning new business in the future - an increase of 10% on 2006.

Mike Low, Director of BSI British Standards British Standards are the national standards of the UK. The standards body which produces them is BSI British Standards, a division of BSI Group. It is incorporated under a Royal Charter and is formally designated as the National Standards Body (NSB) for the UK. , said: "The scale of risk and opportunity in the FTSE 250 are enormous and these organisations are recognising that BCM has to be at the heart of their operations.

"It's also crucial for smaller organisations and those in other sectors to look seriously at how they would cope in the event of a disaster.

"Bearing in mind the spiralling growth of business in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. , coupled with increased awareness of how unexpected natural and man-made disasters man-made disaster Technological disaster Public health An event in which a significant number of people are injured or die as a result of human devices or activities, unrelated to conflicts, and attributed to operator error–eg, Exxon Valdez  can impact on private and public sector organisations, it's logical that businesses here should take a much closer look at how well prepared they are to deal with a crisis."

The Business Continuity Management (BCM) system introduced today at an official Dubai launch event at the Jumeirah Beach Hotel This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using .
 is a process of managing the risks related to a company's resilience to unexpected incidents; planning how to respond to events and how to recover afterwards af·ter·ward   also af·ter·wards
adv.
At a later time; subsequently.


afterwards or afterward
Adverb

later [Old English æfterweard]

Adv. 1.
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The launch coincides with the announcement of a new BSI office for Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. . BSI, the world's leading management systems registrar, already serves more than 1,200 clients from its Dubai office which opened in 2003.

BSI says there is a clear need for businesses to adopt robust BCM standards such as BS 25999. By following the requirements of the standard, organisations can improve enterprise stability, increase job security, ensure the flow of money into communities and prevent regional economic collapse in the event of a disaster.

Without BCM standards in place, infrastructure and supply chains are less secure and employment and economic growth is placed at risk.

The launch of a new global standard for business continuity is a timely development for UAE companies. In recent months, floods in Dubai, earthquakes in Sharjah and disruption to the internet have highlighted the need for businesses to prepare for the worst rather than hope for the best.

Meanwhile, turmoil in the international financial markets, natural disasters and terror threats have warned of the huge risks faced around the world by companies without robust continuity plans in place.

BSI is introducing its Business Continuity Management (BCM) system, BS 25999, in the UAE at a time when audited programmes showing how a firm can continue to operate in the event of major problems are quickly becoming a standard requirement in the world of commerce.

"In today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002.  world, companies face all manner of potential threats on a daily basis and the consequences for those that are not properly prepared can be disastrous," said Frank Post, Group Communications Director for BSI Group BSI Group, also known in its home market as the British Standards Institution (or BSI) is a multinational business services provider whose principal activity is the production of standards and the supply of standards-related services. .

"The Business Continuity Management system will help companies in the UAE to cope with disasters, such as the recent extreme flooding we experienced in Dubai, the earthquakes in Sharjah and the interruption to Internet services. In today's climate, businesses wanting to survive must adopt robust continuity plans for their critical risks."

The Dubai Strategic Plan developed by HH Sheikh sheikh
 or shaykh

Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders.
 Mohammed Bin Rashid Al Maktoum Sheikh Mohammed bin Rashid Al Maktoum (Arabic (محمد بن راشد آلمكتوم) (born 1949) is currently the Prime Minister and Vice President of the United Arab Emirates, as well as the , Vice President and Prime Minister of the UAE and Ruler of Dubai, provides for the following business continuity elements:* Ensure full readiness for efficient crisis and disaster managemento Develop crisis and disaster contingency planso Ensure concerned stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
 adopt contingency planso Provide equipment and infrastructure for crisis and disaster management* Strengthen strategic and forward looking focus by developing mechanisms for risk identification and management* Align Dubai's' laws and regulations with international best practice

About BSI Management Systems This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using .
 

BSI, the world's leading management systems registrar, provides a range of registration and assessment services for ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9000, ISO 14001, ISO/TS 16949, QS-9000, ISO 27001, AS 9100, TL 9000, CMSAS 86:2000, OHSAS OHSAS Occupational Health and Safety Management System
OHSAS Occupational Health & Safety Assessment Series
OHSAS Occupational Health and Safety Assessment Scheme (UK) 
 18001 and BS 25999.

The implementation and registration of a management system helps an organisation achieve continuous performance improvement and demonstrates to customers, competitors, suppliers, staff and investors, that an organization uses industry-respected practices.

Registration with BSI is the best way to ensure your company is recognised immediately as a world leader in your field. Our highly qualified professional assessors are paired with you based on similar industry backgrounds so we both speak the same language and have the best possible understanding of your business processes and procedures

BSI Management Systems operates in the Middle East from its Dubai office to provide local support and service to the region. This office currently serves over 1,200 clients.

About BSI Group

BSI Management Systems is part of BSI Group, a global independent business services organization that inspires confidence and delivers assurance to customers with standards-based solutions. Originating as the world's first national standards body, the Group has over 2,250 staff in more than 50 global offices. The Group's key offerings are:

* The development and sale of private, national and international standards and supporting information* Second and third-party management systems assessment and certification* Product testing and certification of services and products* Performance management software solutions* Training services in support of standards implementation and business best practice.

For further information please visit www.bsigroup.com

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COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
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Publication:Albawaba.com
Geographic Code:7UNIT
Date:Mar 27, 2008
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