Tag: outsourcing

Entrepreneurial businesses both small and medium have been particularly hit hard in these challenging times, and many are now facing an existential threat. However, there are ways to rethink their business models and adapt to a world which is unlikely to return to its old habits. 

Organisations started outsourcing specific business activities in the 1990s mainly as a cost-saving measure. Functions not related to the core business, such as accounting, human resources, data processing, security and maintenance were contracted out to specialised service providers rather than handled by internal staff and resources.

Insourcing your business continuity management may seem to make sense—until, too late, you realise that 80 percent of the costs and complexities are hidden. Although most responsible organisations now accept the imperative for a proper business continuity management (BCM) plan, when it comes to investing in a business continuity capability, the eternal problem of costs asserts itself.