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Volume 32, Issue 2

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Wednesday, 16 May 2018 19:13

Standard Time: The Time to Choose a Standard Is Now

Written by  MICHAEL HERRERA

Would you trust your life to an airline that did not adhere to the standards of the industry? How about a hospital or drug company? The answer should be a resounding “NO.” You would not do business with any of these entities if they were not following industry standards to ensure your safety. In 2016 we informally surveyed more than 200 BCM practitioners and found that fewer than 10 percent of programs had adopted one of the established BCM standards. Does your program follow such a standard? If not, why should anyone place their trust in it? Should your stakeholders feel comfortable if you have not instituted a standards-based framework that promotes a higher potential for a successful recovery in the event of disruption? What Is A Standard? A standard is an agreed-upon way of doing something. In business, standards have been developed to cover everything from performing customer service to how to