Competency Framework and its Benefits

A competency framework is a comprehensive structure which describes different competencies with its specific set of behavioral indicators and measurement criteria.

Most of the organizations have their own distinct set of competency framework which is in alignment

Most of the organizations have their own distinct set of competency framework which is in alignment to their visions and mission and long and short term organizational goals.

There are certain clear benefits of the competency framework for the organizations:

  1. A common understanding of critical success factors and desired behaviors within the organization
  2. Integration of organizational process to competencies helps the interpretation of big picture concerns in day to day working [e.g. Situation of a new product launch and the competency Customer Focus valued by the organization]
  3. Better management and effective decisions regarding cost intensive processes like selection, hiring and promotions
  4. Assessment, feedback and communication regarding performance becomes standardized thus facilitating a common culture

Generally, competencies have behavioral indicators as their building blocks, related behaviors are grouped under a competency and similar theme of competencies are further grouped together to form clusters. Ideally, a cluster of 8-12 competencies are found to be sufficient but one can also come across frameworks containing more than 15 competencies.

Key points to consider while developing a competency framework:

  • The description should be as specific as possible to remove any traces of ambiguity
  • The language needs to be simple to make it comprehensible to the larger audience
  • The structure has to be simple and logical
  • The framework should be relevant for all the people using it and being affected by it
  • The framework should take into account unexpected changes that might affect organizational transactions, which means that it should clearly outline the behaviors that describe the manner in which the job incumbents are to perform in immediate and mid-term future
  • There should be no duplication or repetition of behaviors in the framework
  • The behaviors should be distinct and describe just one aspect or one behavior, combination of two aspects may lead to a situation where an individual might be good at the first but poor at the second aspect

Thus a Skill is something learned in order to be able to carry out one or more job functions. Whereas, Competencies may incorporate a skill, they are MORE than just skills; Competencies include abilities and behaviours, as well as the knowledge that is fundamental to the use of a skill.

Therefore, Skills are specific learned activities like accounting, financial analysis and using a computer, while Competencies are skills + knowledge + behaviour like problem-solving, communication, or professionalism.

Example:

A person can become a good presenter (Skill) through practice, learning from others, and education. However, to be a strong communicator (Competency) one must rely on a combination of skills PLUS behaviour and knowledge.

A person can learn how to be a good presenter but only a strong communicator has advanced language skills, the knowledge of diverse cultures, and behaves patiently when communicating.

Let us look at an example of a competency framework for a CEO of an SBU:

Do you observe the rating scale in the above diagram? It transcends from a behavior displayed which is ineffective or needs development to a behavior which is highly effective. The above way of measuring competency is called Behaviorally Anchored Rating Scale or BARS.

BARS is nothing but the description of the behaviors for ineffective and effective performance as shown above which when displayed by the participant or the person under observation in exercises like role plays, presentations or structured interview; is then anchored or placed at the appropriate point on the scale. The measures and descriptions of the scales are developed through a comprehensive process of job analysis using methods like critical incident technique, structured interviews etc. The scale usually ranges from 3-5 but in rare cases can go up-to 7 which becomes complex and difficult to use and therefore avoidable.

A competency framework might be developed from the scratch in a place where it does not exist or an existing framework can be expanded to make it more useful. Whatever might be the case but it would be useful to consider the following:

  • Involvement of people in developing the framework, which creates a buy-in and an ownership
  • Keeping people well informed about the developments while also explaining the objectives and reasons behind them
  • Identifying and creating competencies which are relevant to the organization

With a robust competency framework and HR processes in alignment to the framework gives an organization a competitive edge in the dynamic labor market and facilitates the brand of the organization as an employer.

Various Business Excellence Models

 

Let us explore various Business Model developed and practiced in different countries under different titles. The models are underpinned by the latest research in total quality management (TQM), business excellence, best practices and benchmarking. These models are used by 100,000’s of organisations worldwide as a basis for organisational improvement.  Categorising BPIR information in this way enables you to quickly identify relevant benchmarks, best practices, expert opinion, and find benchmarking partners and contacts.
  • Baldrige Criteria for Performance Excellence
  • EFQM Excellence Model
  • Singapore Quality Award Framework
  • Canadian Framework for Business Excellence
  • Australian Business Excellence Framework
  • Business Performance Improvement Resource Model

Baldrige Criteria for Performance Excellence

This is the model behind the US Malcolm Baldrige National Quality Award, an award process administered by the American Society for Quality (ASQ) and managed by the National Institute of Science and Technology (NIST), an agency of the US Department of Commerce. This framework is used as the basis for over 70 other national Business Excellence/Quality awards around the world.

The model consists of seven categories

  1. Leadership
  2. Strategic Planning
  3. Customer & Market Focus
  4. Measurement, Analysis & Knowledge Management
  5. Workforce Focus
  6. Process Management
  7. Business Results

The core concepts of the Baldrige Criteria for Performance Excellence are

  • Visionary leadership
  • Customer-driven excellence
  • Organizational and personal learning
  • Valuing employees and partners
  • Agility
  • Focus on the future
  • Managing for innovation
  • Management by fact
  • Social responsibility
  • Focus on results and creating value
  • Systems perspective

EFQM Excellence Model

This is the model behind the European Business Excellence Award, an award process run by the European Foundation for Quality Management (EFQM). This framework is used as the basis for national business excellence and quality awards across Europe. This is widely used in middle-east, especially in UAE for Dubai Quality Award and Abu Dhabi Shaikh Khalifa Excellence Award.

The model consists of nine categories

  1. Leadership
  2. Policy and Strategy
  3. People
  4. Partnerships and Resources
  5. Processes
  6. Customer Results
  7. People Results
  8. Society Results
  9. Key Performance Results

The fundamental concepts that underpin the EFQM Excellence Model are:

  • Results Orientation
  • Customer Focus
  • Leadership and Constancy of Purpose
  • Management of Processes and Facts
  • People Development and Involvement
  • Continuous Learning, Innovation and Improvement
  • Partnership Development
  • Corporate Social Responsibility

Singapore Quality Award Framework

The Singapore Quality Award (SQA) framework is used as a basis for assessing Singapore’s organisations to the highest standards of quality and business excellence. The award aims to establish Singapore as a country committed to world-class business excellence. The framework and award are administered by SPRING Singapore.

The framework consists of seven categories

  1. Leadership
  2. Planning
  3. Information
  4. People
  5. Processes
  6. Customers
  7. Results

The framework is built upon the following core values and concepts:

  • Visionary leadership
  • Customer-driven quality
  • Innovation focus
  • Valuing people and partners
  • Agility
  • Knowledge-driven system
  • Societal responsibility
  • Results orientation
  • Systems perspective
  • Systems perspective

Canadian Framework for Business Excellence

The Canadian Framework for Business Excellence is used by Canadian organisations as a management model for organisational excellence and also as the basis for adjudication of the Canada Awards for Excellence. The framework is administered by the National Quality Institute.

The framework consists of seven categories

  1. Leadership
  2. Planning
  3. Customer Focus
  4. People Focus
  5. Process Management
  6. Supplier Partner Focus
  7. Business Performance

The following Framework Principles form the foundation for long-term improvement and excellence and permeate the Canadian Framework for Business Excellence:

  • Leadership through involvement
  • Primary focus on stakeholders/customers and the marketplace
  • Cooperation and teamwork
  • Prevention-based process management
  • Factual approach to decision-making
  • Continuous learning and people involvement
  • Focus on continuous improvement and breakthrough thinking
  • Fulfil obligations to all stakeholders and society

Australian Business Excellence Framework

The Australian Business Excellence Framework is the premier framework for business excellence in Australia and provides the criteria for the Australian Business Excellence Awards.  The framework is administered by SAI Global.

  1. Leadership
  2. Customer and Market Focus
  3. Strategy and Planning
  4. People
  5. Information and Knowledge
  6. Process Management, Improvement and Innovation
  7. Success and Sustainability

The framework is built around eight business excellence principles.

  1. Lead by example, provide clear direction, build organizational alignment and focus on sustainable achievement of goals.
  2. Understand what markets and customers value, now and into the future, and use this to drive organizational design, strategy, products and services.
  3. Continuously improve the system.
  4. Develop and value people’s capability and release their skills, resourcefulness and creativity to change and improve the organization.
  5. Develop agility, adaptability and responsiveness based on a culture of continuous improvement, innovation and learning.
  6. Improve performance through the use of data, information and knowledge to understand variability and to improve strategic and operational decision-making.
  7. Behave in an ethically, socially and environmentally responsible manner.
  8. Focus on sustainable results, value and outcomes.

Business Performance Improvement Resource Model 

The Business Performance Improvement Resource (BPIR) model provides an alternative, comprehensive, and simple way to classify benchmarking and best practice information on the website. The model classifies information through over 250 business processes. The high level processes are shown below (changes from the APQC Process Classification Framework, from which it is based, are shown in green):

  1. Understand markets and customers
  2. Develop vision and strategy
  3. Design products, processes and services
  4. Market and sell
  5. Produce and deliver for manufacturing-oriented organisations
  6. Produce and deliver for service-orientated organisations
  7. Invoice and service customers
  8. Deliver Leadership
  9. Develop and manage human resources
  10. Manage information and knowledge
  11. Manage financial and physical resources
  12. Execute environmental management program
  13. Manage external relationships
  14. Manage improvement and change
  15. Measures of Organisational Performance

Investors in People Launches Results of ‘2017 Apprenticeship Perception Poll’

2017 Apprenticeship Perception Poll Results:

Earlier this year, Investors in People conducted research and produced a report aiming to outline the determinants of a good apprenticeship scheme. One strand of this research was to pinpoint perceptions held by young people and their parents toward apprenticeships. It intended to discern what motivated young people when considering their options for study post- 16 and indeed what parents believed were the most important factor that their children should consider when weighing up whether an apprenticeship was right for them.

Ahead of the annual Skills Show this weekend, Investors in People has put together an overview of the results of the Investors in People’s ‘2017 Apprenticeship Perception Poll’. The statistics that were gleaned from this survey revealed that misconception and outdated thinking around apprenticeships are holding the model back from making more of an impact on our education system and indeed our economy.

The Results

The headline finding was that 53% of young people have never considered applying for an apprenticeship. Given that students must now stay in education until the age of 18, it is concerning that more have not considered the career that could be offered by an apprenticeship as an alternative to university study.

Breaking these findings down further, it appears that 52% of parents see apprenticeships as a route solely for those wanting a career in the trades when in fact apprenticeships are offered across more than 170 industries and 1500 job roles. This means that, despite these positive figures on the diversification of the apprenticeship model, the evolution is not being effectively communicated. Moreover, 28% of young people still report that apprenticeships aren’t offered in the industry they wish to work in which evidences that although great strides have been made, there is still some way to go to making apprenticeships standard practice across all sectors.

Moving Forward

Most disconcertingly, the survey revealed that 42% of young people are not confident in their ability to choose an employer who offers great quality apprenticeships. This contextualises that for those 47% of young people who do consider the apprenticeship route, it’s possible that nearly half of them don’t feel confident about their place in the process they’re about to embark on. It should be the duty of government to give schools the correct information to share with students and thus support them fully should they decide to look for an apprenticeship. Having as much information and support as possible is the most fundamental way to give young people the confidence they need to thrive on an apprenticeship scheme.

Of these findings, Investors in People CEO Paul Devoy said “There is much work to be done in communicating the benefits that following an apprenticeship scheme can produce. This is both the responsibility of government and individual employers working hard in their local areas to promote the opportunities that are available not just for school leavers, but also those looking to re-skill. The findings of IIP’s poll emphasise that perceptions must change if apprenticeships can truly be the missing link in solving Britain’s productivity puzzle.”

IIP – Key Indicators & Performance Model

The Investors in People Standard

The Standard explores practices and outcomes within an organisation under three performance headings: leading, supporting and improving. Under each heading, we have identified three key indicators.

  • new standard leading

    Leading

    Creating purpose in a fast changing environment whilst motivating through change have become essential skills for many roles. Outperforming organisations foster leadership skills at every level of the organisation to deliver outstanding results.

    1. Leading and inspiring people

      Leaders make the organisation’s objectives clear. They inspire and motivate people to deliver against these objectives and are trusted by people in the organisation.

    2. Living the organisation’s values

      People and leaders act in line with the organisation’s values at all times. They have the courage and support to challenge inconsistent behaviours.

    3. Empowering and involving people

      There is a culture of trust and ownership in the organisation where people feel empowered to make decisions and act on them.

      new standard support

      Supporting

      For many, constant change is now normal. Successful organisations are moving towards flatter structures to enable faster decision-making, customer focus and agility. Reduced overheads, better service for customers and more successful organisations are the benefits of this approach.

      1. Managing performance

        Objectives within the organisation are fully aligned, performance is measured and feedback is used.

      2. Recognising and rewarding high performance

        Recognition and reward is clear and appropriate, creating a culture of appreciation where people are motivated to perform at their best.

      3. Structuring work

        The organisation is structured to deliver the organisation’s ambition.  Roles are designed to deliver organisational objectives and create interesting work for people, whilst encouraging collaborative ways of working.

        new standard improving

        Improving

        The best organisations are always looking for opportunities to improve by seeking every marginal gain.  They know that every small change adds together to enable them to constantly outperform.

        1. Building capability

          People’s capabilities are actively managed and developed.  This allows people to realise their full potential and ensures that the organisation has the right people at the right time for the right roles.

        2. Delivering continuous improvement

          There is a focus on continuous improvement. People use internal and external sources to come up with new ideas and approaches, supported by a culture that encourages innovation.

        3. Creating sustainable success

          The organisation has a focus on the future and is responsive to change. Leaders have a clear understanding of the external environment and the impact this has on the organisation.

           

          The performance Model

          A journey of continuous improvement

          The performance model creates a roadmap for continuous improvement against the Standard’s framework.  This approach is based on extensive research into the concepts of performance and change management and sets out the criteria for different levels of accreditation; Accredited; Silver; Gold and Platinum.

          Simply put, the model describes the practices and outcomes required for better performance and higher accreditation.  Progression through the model maps out how practices are embedded within an organisation, starting at the “Developed” stage and progressing towards “High Performing”.

          1. Developed

            The principles and practice are in place, communicated, and understood. Everyone in the organisation knows what is expected of them.

          2. Established

            Employees are actively engaged in ensuring that principles and practices are applied consistently. These ways of thinking and behaving become second-nature within the organisation.

          3. Advanced

            Employees actively drive positive outcomes, taking ownership of the principles and practices, and applying their knowledge to solve new problems.

          4. High Performing

            The principles and practices are fully integrated with wider activities. Employees take responsibility for delivering consistently positive results, always with an eye on future improvement.

Enablers & Results – EFQM Excellence Model

ENABLERS – WHAT AN ORGANISATION DOES AND HOW IT DOES IT? 

There are five Enablers, pictured on the left-hand side of the Model.  These are the things an organisation needs to do to develop and implement its strategy.

LEADERSHIP

Excellent organisations have leaders who shape the future and make it happen, acting as role models for its values and ethics and inspiring trust at all times.  They are flexible, enabling the organisation to anticipate and reach in a timely manner to ensure the on-going success of the organisation.

STRATEGY

Excellent organisations implement their Mission and Vision by developing a stakeholder focused strategy.  Policies, plans, objectives and processes are developed and deployed to deliver the strategy.

PEOPLE

Excellent organisations value their people and create a culture that allows the mutually beneficial achievement of organisational and personal goals.  They develop the capabilities of their people and promote fairness and equality.  They care for, communicate, reward and recognise, in a way that motivates people, builds commitment and enables them to use their skills and knowledge for the benefit of the organisation.

PARTNERSHIPS & RESOURCES

Excellent organisations plan and manage external partnerships, suppliers and internal resources in order to support their strategy, policies and the effective operation of processes.  They ensure that they effectively manage their environmental and societal impact.

PROCESSES, PRODUCTS & SERVICES

Excellent organisations design, manage and improve processes, products and services to generate increasing value for customers and other stakeholders.

RESULTS – WHAT AN ORGANISATION ACHIEVES?

There are four Results areas, shown on the right-hand side of the Model.  These are the results an organisation achieves, in line with their strategic goals.  In all four results areas, we find those excellent organisations:

  • Develop a set of key performance indicators and related outcomes to determine the successful deployment of their strategy, based on the needs and expectations of the relevant stakeholder groups
  • Set clear targets for key results, based on the needs and expectations of their business stakeholders, in line with their chosen strategy
  • Segment results to understand the performance of specific areas of the organisation and the experience, needs and expectations of their stakeholders
  • Demonstrate positive or sustained good business results over at least 3 years
  • Clearly understand the underlying reasons and drivers of observed trends and the impact these results will have on other performance indicators and related outcomes
  • Have confidence in their future performance and results based on their understanding of the cause and effect relationships established
  • Understand how their key results compare to similar organisations and use this data, where relevant, for target setting

CUSTOMER RESULTS

Excellent organisations achieve and sustain outstanding results that meet or exceed the need and expectations of their customers.

PEOPLE RESULTS

Excellent organisations achieve and sustain outstanding results that meet or exceed the need and expectations of their people.

SOCIETY RESULTS

Excellent organisations achieve and sustain outstanding results that meet or exceed the need and expectations of relevant stakeholders within society.

BUSINESS RESULTS

Excellent organisations achieve and sustain outstanding results that meet or exceed the need and expectations of their business stakeholders.

How to create Business Continuity Plan

Natural and man-made disasters underscore the challenges of seamless disaster recovery in the real world. Having a comprehensive business continuity plan isn’t just an IT concern; though. Nothing less than the survival of your company is at stake.

We rarely get a head’s up that a disaster is ready to strike. Even with some lead time, though, multiple things can go wrong; every incident is unique and unfolds in unexpected ways.

This is where a business continuity plan comes into play. To give your organization the best shot at success during a disaster, you need to put a current, tested plan in the hands of all personnel responsible for carrying out any part of that plan. The lack of a plan doesn’t just mean your organization will take longer than necessary to recover from an event or incident. You could go out of business for good.

Why Business Continuity Planning Matters:

Whether you operate a small business or a large corporation, you strive to remain competitive. It’s vital to retain current customers while increasing your customer base — and there’s no better test of your capability to do so than right after an adverse event.

Because restoring IT is critical for most companies, numerous disaster recovery solutions are available. You can rely on IT to implement those solutions. But what about the rest of your business functions? Your company’s future depends on your people and processes. Being able to handle any incident effectively can have a positive effect on your company’s reputation and market value, and it can increase customer confidence.

First, Create a Business Continuity Plan:

If your organization doesn’t have a BC plan in place, start by assessing your business processes, determining which areas are vulnerable, and the potential losses if those processes go down for a day, a few days or a week. This is essentially a (BIA).

Next, develop a plan. You can use an expert or find a consultancy company like ours – as knowledge and experince in the domain is critcal when you deal with BCM.

There are six general steps involved in creating a business continuity plan:

  1. Identify the scope of the plan.
  2. Identify key business areas.
  3. Identify critical functions.
  4. Identify dependencies between various business areas and functions.
  5. Determine acceptable downtime for each critical function.
  6. Create a plan to maintain operations.

One common business continuity planning tool is a checklist that includes supplies and equipment, the location of data backups and backup sites, where the plan is available and who should have it, and contact information for emergency responders, key personnel and backup site providers.

Remember that the disaster recovery plan is part of the business continuity plan, so check with your IT department to ensure it has or is actively developing a DR plan.

As you create your plan, consider interviewing key personnel in organizations who have gone through a disaster successfully. People generally like to share “war stories” and the steps and techniques (or clever ideas) that saved the day. Their insights could prove incredibly valuable in helping you to craft a solid business continuity plan.

Then, Test Your Business Continuity Plan:

You have to rigorously test a plan to know if it’s complete and will fulfill its intended purpose. Many organizations test a business continuity plan two to four times a year. The schedule depends on your type of organization, the amount of turnover of key personnel and the number of business processes and IT changes that have occurred since the last round of testing.

Common tests include table-top exercises, structured walk-throughs and simulations. Test teams are usually composed of the recovery coordinator and members from each functional unit.

A table-top exercise usually occurs in a conference room with the team poring over the plan, looking for gaps and ensuring that all business units are represented therein.

In a structured walk-through, each team member walks through his or components of the plan in detail to identify weaknesses. Often, the team works through the test with a specific disaster in mind. Some organizations incorporate drills and disaster role-playing into the structured walk-through. Any weaknesses should be corrected and an updated plan distributed to all pertinent staff.

It’s also a good idea to conduct a full emergency evacuation drill at least once a year. This type of test lets you determine if you need to make special arrangements to evacuate staff members who have physical limitations.

Lastly, disaster simulation testing can be quite involved and should be performed annually. For this test, create an environment that simulates an actual disaster, with all the equipment, supplies, and personnel (including business partners and vendors) who would be needed. The purpose of a simulation is to determine if you can carry out critical business functions during the event.

During each phase of business continuity plan testing, include some new employees on the test team. “Fresh eyes” might detect gaps or lapses of information that experienced team members could overlook.

Finally, Review and Improve Your Business Continuity Plan:

Much effort goes into creating and initially testing a BC plan. Once that job is complete, some organizations let the plan sit while other, more critical tasks get attention. When this happens, plans go stale and are of no use when needed.

Technology evolves, and people come and go, so the plan needs to be updated, too. Bring key personnel together at least annually to review the plan and discuss any areas that must be modified.

Prior to the review, solicit feedback from staff to incorporate into the plan. Ask all departments or business units to review the plan, including branch locations or other remote units. If you’ve had the misfortune of facing a disaster and had to put the plan into action, be sure to incorporate lessons learned. Many organizations conduct a review in tandem with a table-top exercise or structured walk-through.

How to Ensure Business Continuity Plan Support, Awareness:

One way to ensure your plan is not successful is to adopt a casual attitude toward its importance. Every business continuity plan must be supported from the top down. That means senior management must be represented when creating and updating the plan; no one can delegate that responsibility to subordinates. In addition, the plan is likely to remain fresh and viable if senior management makes it a priority by dedicating time for adequate review and testing.

Management is also key to promoting user awareness. If employees don’t know about the plan, how will they be able to react appropriately when every minute counts? Although plan distribution and training can be conducted by business unit managers or HR staff, have someone from the top kick off training and punctuate its significance. It’ll have a greater impact on all employees, giving the plan more credibility and urgency.

How Business Continuity, Disaster Recovery Plans Differ:

Business continuity (BC) refers to maintaining business functions or quickly resuming them in the event of a major disruption, whether caused by a fire, flood, epidemic illness or a malicious attack across the Internet. A BC plan outlines procedures and instructions an organization must follow in the face of such disasters; it covers business processes, assets, human resources, business partners and more.

Many people think a disaster recovery plan is the same as a business continuity plan, but a DR plan focuses mainly on restoring IT infrastructure and operations after a crisis. It’s actually just one part of a complete business continuity plan, as a BC plan looks at the continuity of the entire organization. Do you have a way to get HR, manufacturing, and sales and support functionally up and running so the company can continue to make money right after a disaster?

Note that a business impact analysis (BIA) is another part of a BC plan. A BIA identifies the impact of a sudden loss of business functions, usually quantified in a cost. Such analysis also helps you evaluate whether you should outsource non-core activities in your BCP, which can come with its own risks. The BIA essentially helps you look at your entire organization’s processes and determine which are most important.

Business Continuity – Solving Challenges

2017 may be well underway, but we wanted to take the time to reflect on the past and look ahead to predict the way in which our business continuity profession will continue to mature over the coming year and beyond. In many ways, this ‘top five’ list is aspirational – that being my hopes for our profession as we solve some entrenched challenges and work to add more value to the organizations we serve.

  1. ‘Simplicity is the ultimate sophistication’

It was Leonardo di Vinci who delivered this impressive quote.

We’ve seen a tremendous amount of energy around the idea that our approach as business continuity professionals needs to resonate better in our organizations, doing so in a manner that is easier to digest. In other words, pulling back on jargon, stale methodology, and unnecessary complexity. The goal should be to use approaches that are easier to connect to and participate in (from the perspective of the audience that we’re working to protect).

Some ‘simplicity’ opportunities include:

  • Business impact analysis processes that get to realistic business continuity requirements without endless analysis;
  • Actionable, ‘skinny’ plans that describe how to recover and clarify how to operate differently until a return to normal; and
  • Training and awareness activities that focus on how to respond to a disruption rather than how to participate in business continuity methodology.

We are going to become much more aware of how our organizations use our tools, processes, and outcomes, and we will become more open-minded and look for ways to make working with us easier and more effective.

  1. Meaningful coordination across disciplines

Organizational resilience. Enterprise risk management. Governance, risk, and compliance. These umbrella efforts all involve a broad range of disciplines to enable the organization to manage risk and achieve its objectives. Involving ourselves in these efforts necessitates the needs to coordinate, share information, and prioritize where to spend limited resources.

But, what does this coordination look like – and with whom? Some of the most innovative companies are exploring this question and achieving success, which often involves a shared understanding of:

  • The most important products and services (today and into the future)
  • Organizational strategy and priorities (again, today and into the future)
  • Risk appetite (tolerance)
  • The organizational structure and resources necessary to deliver products and services
  • The best way to engage senior leadership in prioritizing and decision-making

Putting aside the topic of where business continuity does or should report to, different disciplines that can and should work together to solve organizational risk issues include physical security, information security, product/marketing, credit risk, legal/regulatory compliance, public relations/communications, information technology, operational risk, and business continuity.

As business continuity professionals do we need information and engagement such as this? Absolutely! Would it be beneficial to work with others to develop such an understanding and an engagement model, sharing resources and knowledge? No doubt!

We see less of a focus on the disciplines that contribute to managing risk, and more of a focus on the realization of efficient, prioritized outcomes.

  1. A focus on outcomes rather than methodology

The business impact analysis, risk assessment, plans, and exercises are all a means to an end. The actual end that we need to be laser-focused on achieving is helping our organizations become more resilient and prepared for a disruption.

“What would we do if…?”

“How would we do X if we lost Y?”

“Is it possible to meet Customer Z’s expectations when…?”

Having answers to these common questions that worry our senior leadership teams is the key to adding value. Whether a for-profit private sector company or a governmental entity, your organization provides something of value to a customer or citizen.

Protect the processes and resources that deliver value and do so in the most efficient manner possible.

We can predict that a growing percentage of business continuity professionals will learn to focus more on outcomes than methodology and terminology.

  1. Flexibly – include rather than exclude

That’s not what business continuity is, so no, we don’t do that.” We think we’re all guilty at times of saying something like this. Perhaps we should approach all requests for help with an open mind and determine how we can contribute to a solution. Even if the organization’s issue isn’t traditional business continuity – or maybe it’s not even close – why not reflect on what we can contribute? Is it a detailed understanding of the processes, activities, and resources and can our value be volunteering that information as part of a team to solve the issue?

We don’t see the need for business continuity profession going away, but we do believe we will see more flexible, nimble professionals that will be less focused on drawing boundaries around their responsibilities and more focused on solving organizational barriers to achieving objectives. This solution will take place by working with other disciplines to share knowledge and manage risk appropriately.

  1. Affecting culture (versus focusing on plan documentation)

Building on number 3 above, here’s another quote that really tells a lot about an organization’s business continuity maturity:

Before we make this decision and go down this path, have we thought about the business continuity implications of this approach? Are we more or less at risk if we do this?

Imagine an organization that no longer focuses on bolting on business continuity solutions to high-risk strategy but instead proactively takes into account disruption-related risk when making choices. That’s a mature organization and one that we predict will become more and more common in the years ahead.

– Cheif Business Continuity Consultant | Bay Global

Policy Development

The process of developing public policy is an activity that generally involves research, analysis, consultation and synthesis of information to produce recommendations. It should involve an evaluation of options against a set of criteria used to assess each option. An effective policy process is one that is generally characterized by the following five attributes: ƒ

  • Issue Identification ƒ
  • Issue Analysis ƒ
  • Generating Solutions ƒ
  • Consultation ƒ
  • Performance Monitoring

An effective policy process is one that includes two-way communication between policy leaders/managers and policy analysts. There are two critical ingredients that can assist the process not only of identifying potential solutions but as well, the process of evaluating those potential solutions:

  • having a conceptual framework that will guide the process of generating and assessing various potential solutions to the problem; and
  • having a clear sense of the desired outcomes or goals that the selected policy is expected to achieve.

A conceptual framework is the underpinning that should drive the selection of policy options to be assessed. Such a framework should consist of:

  • the main working parameters (i.e., the “givens” or the limitations within which you are working);
  • key principles/values; – governmental regulations or goals and priorities.

Policies exist either to ameliorate certain situations or to prevent the occurrence of certain outcomes. The root cause(s) of a policy provides the seeds of potential indicators by which to measure progress in achieving the policy objective. Performance measurement should not be handled as an after thought to the policy development process; it needs to be an integral part of the process because reflecting on performance measurement at the beginning also helps in refining one’s thinking with respect to the expected outcomes. So beyond determining whether the proposed policies will be evaluated, you need to also give some thought (as part of the policy development process) to what the indicators might be and whether data sources exist and how data collection might be handled. It is also important when developing policy to ensure that it is sufficiently robust to deal with change in the outside world, whether predicted or unpredictable.

In summary, policy-making needs to be forward looking; outward looking; innovative, flexible and creative; evidence-based; inclusive; joined up; to learn lessons from experience; to be communicated effectively; and to incorporate ongoing evaluation and review.

Business Development Consulting

Bay Global – Business Development wing specialize in providing strategic advice and operational support for developing your business. This includes:

  • Strategy Formation
  • Development plan
  • Infrastructure Management
  • Team Management
  • Lead Generation
  • Customer Relations
  • Branding
  • Advertisement
  • Internet Marketing & SEO
  • Social Media marketing
  • Public Relations

Our approach focus on:

  1. Working with the business owners or senior management team to understand the needs of the business.
  2. Execution plan as per the strategy and development plan, including infrastructure development.
  3. Testing and brainstorming to provide option to achieve the targeted audience.
  4. Go public with Print Media, Website, SEO & Social Media campaigns.
  5. Providing a ‘holistic’ approach to the company’s marketing and business development programmes.
  6. Translating the strategy into marketing and lead generation.
  7. Providing practical hands-on support to implement your marketing activities.
  8. Product knowledge training and marketing skill development for the internal and outsourced BD Staff.
  9. Delivering a healthy ‘Sales Pipeline’ with quality leads to drive revenue generation.
  10. Last, but not the least – Retention Practice Implementation.

Compensation & Benefits

A compensation philosophy is developed to guide the design and complexity of your compensation programs; this is done by identifying your goals and objectives, considering your competitiveness in attracting and retaining employees, your emphasis on internal and/or external equity, and whether performance is tied to pay increases. A consistent philosophy provides a strong foundation for both the organization and the employee. Without a philosophy, leaders often find themselves unsure of what to offer as a starting salary for a new employee.

Companies want to attract, retain and motivate brains to meet objectives. Today Humans are regarded as one of every company’s assets so they need to be efficiently and effectively managed.

Total reward for an employee is majorly divided into three and they are:

Direct financial compensation consisting of pay received in the form of wages, salaries, bonuses and commissions provided at regular and consistent intervals
Indirect financial compensation including all financial rewards that are not included in direct compensation and understood to form part of the social contract between the employer and employee such as benefits, leaves, retirement plans, education, and employee services
Non-financial compensation referring to topics such as career development and advancement opportunities, opportunities for recognition, as well as work environment and conditions
Understanding what balance you want to achieve between direct and indirect financial compensation is critical in developing your overall total compensation approach.