Disaster Recovery Journal

How are companies planning for risk in 2012?

As the global risk environment becomes more complex, it’s become more important to mitigate that risk. Smart companies know that a good risk management plan doesn’t just reduce hazard—it lays a plan for profitability. Planning for Business Resiliency—not just risk management—allows businesses to seize opportunities created by unexpected events.

Risk is on everyone’s radar

Fewer companies are without a formal risk management plan than in past years.

42%

Last year

34%

This year

Until recently, companies have been developing resiliency plans and putting supporting technologies in place.

Create a business continuity plan

64%

Invest in new risk-related IT solutions

58%

Establish company-wide risk management team

49%

A number of financial and organizational barriers could slow adoption.

Silos
Budget
ROI questions
Lack of C-level vision
Other
Over the next few years, the focus will shift—from
development to implementation.

42% 37%

39% 42%

37% 34%

Develop integrated
business resilience
strategy
Develop
communications or
training program
Engage external
advisors

A plan for risk is a plan for profit

All data from the “2011 IBM Global Business Resilience and Risk Study.”

Read the full study and learn more about a holistic approach to business resilience at IBM.com/services/riskstudy

Large firms have led the shift towards holistic risk management, and this in turn drives their profitability. But not only large companies can develop robust business resiliency plans—many small and medium businesses are developing comprehensive plans, laying the groundwork for strong performance.