The security of a business is an aspect that deserves due attention for any organization that desires to grow and prosper. A significant number of organizations in the US and other parts of the globe have failed and closed shops due to security threats. However, a comprehensive analysis of the causes of business failure has shown that while some risks are beyond business control, a considerable number could be mitigated if a strategy to handle threats was in place. Visibly, creating a Business Continuity Plan (BCP) will play a prominent role in ensuring that a strategy to manage risks and security threats exists

A BCP embraces the development of a strategy based on the threats and risks that a corporation faces. A BCP is essential for a company that desires to ensure that both its employees and protected and the business functionalities are not affected in case a disaster occurs. Through a BCP, a business entity will define the potential risks and determine how they may impact on the day to day operations of the firm. After that, an organization will come up with safeguards and designs for mitigating the risks and test the viabilities of the selected procedures. Additionally, time to time review of the procedures will ensure that the chosen procedures are up to date (Gupta & Saini, 2013).

Although a BCP is vital in ensuring that the operations of an entity are not affected, it is essential to note that the degree of a risk will determine the continuity of business. Typically, companies face disasters ranging from minor to catastrophic. For instance, a fire outbreak in a single entity of a company may not be detrimental as a fire that affects an entire population. However, if the fire has an impact on a single entity of the business and the entity has fire extinguishers, then the problem can be tackled to salvage the organization and reduce the effect of the disaster. On matters to do with finance, a bank may back up its computers and client files offsite so that in the case of the occurrence of any risk, critical information can still be accessed (Steinbart, et al, 2015).

Opponents of the strategy have argued that BCP is an expensive undertaking. The initial cost of designing a BCP is undoubtedly high. However, the core purpose of embracing a BCP is apparently visible. The number of lives and property that is saved by a BCP shows precisely why the plan is fundamental to any enterprise. Moreover, the amount is time and money that is saved by ensuring the running of the business is not disrupted vividly shows the importance of a BCP to any enterprise (Parker & Fox, 2016).

Through the use of a BCP, MDL will surely reap numerous benefits. By employing a BCP, a MDL will identify both internal and external threats that its network is exposed to and come up with information assets to assist in the vital prevention and recovery strategies. By undertaking a BCP plan, disruption of essential MDL services will be tacked, and functionalities will be restored rapidly and smoothly. Moreover, any issues in the network can only be tackled before they get out of hand if a corporation appreciates and employs a BCP to keep an eye on failing components and attend to slowly running parts (Steinbart, et al, 2015).

In a nutshell, it is apparently vivid that a BCP is a vital aspect that each and every company should embrace. By employing a BCP, a company will have an ideal strategy in place to safeguard both its employees and its functionalities. Each organization faces risks. However, through a BCP, an entity will be aware of the potential hazards and embrace vital tools to minimize the extent of the risk and ensure continuity of its operations.