By BUUMBA CHIMBULUBUSINESS continuity and disaster recovery plans for companies will need to be hard and clear for them to survive the current external shocks.Stress-testing business plans against external shocks will be critical in planning, says Bankers Association of Zambia (BAZ) Chairperson, Herman Kasekende.Mr Kasekende said companies would need the plans to take into account the macro-economic realities and the other uncertainties caused by nature such as a pandemic or natural disasters.He said this in his write-up on Setting Goals Amidst Uncertainties.“We will need to set shorter term targets that allow the company/entity to navigate the “turbulence” without losing sight of the vision and the purpose of company.“Our respective Business Continuity and Disaster Recovery Plans will need to be hard, clear and ready to go – always – with military precision. We will also need a parallel Plan B for when nature or external circumstances strike again!” Mr Kasekende said.Mr Kasekende indicated that the successful […]
PLAN FOR EXTERNAL SHOCKS, FIRMS URGED
