Sustainability in Crisis: Towards Business Continuity in Small and Medium Enterprises

Abstract

Small and Medium Enterprises (SMEs) epitomize a vital part in all developed and developing economies. SMEs being peculiar in nature and operations are often the most affected in case of an emergency or a crisis. Mostly, the scarcity of resources in respect to employees, time and capital make them more vulnerable to crisis. This article instantiates the need of risk assessment and disaster preparedness, and hence the utility of BCM in the context of SMEs as a viable option. It further establishes the technological foundation of a comprehensive BCM realization for SMEs.