Business. It is always such a broad term. But it applies to you, even if you are operating from the garage of your home. A good thing. You are a self-made entrepreneur. You are working for yourself. And you feel as though you are accountable to no one but yourself.
Part of which is only true. Because there are a number of players within your fold of day to day responsibilities. And the larger your business grows, the bigger the responsibility grows too.
Large multinationals have already, in most cases, factored in their day to day or quarter to quarter business continuity and disaster recovery requirements. And if their businesses are, on the whole, pretty industrial in nature, you find that there is a lot more riding on them today in terms of accountability, responsibilities and industry standard and government-mandated risk compliance.
There are many ways of looking at this imperative. One way has its roots in history. Just take a look around you, and count up the number of disasters that have occurred. They would have occurred when governance and risk management were not being properly monitored and controlled. Both industry stakeholders and government authorities have been complicit in this. And while the checks and balances are now, thankfully, in place, it may still be too early to say that these checks and balances are guaranteed.
Let’s just say that they will remain subject to change. Industries are changing at such a phenomenal rate these days. All stakeholders, from industrialists to government bodies, have their hands full. You too, no doubt, and soon enough. Needless to say, you cannot do all of the work on your own. You still need guidance and a solid hands-up. And you can do that through outsourcing aspects of your business.