It’s now 5 years since Hurricane Katrina hit New Orleans causing the breach of levees and flood walls in more than 50 places and flooding about 85 percent of the city, and the recent press coverage of the anniversary has prompted me to wonder about how many of the businesses that were disrupted by the flooding have survived.
The Business Continuity world is very short on statistics to back up its claims about the benefits of implementing Business Continuity Management, and it strikes me that New Orleans is probably a unique opportunity for some research to be done that will enable quotes such as “80% of the business affected by the New Orleans flood that did not have Business Continuity Plans did not survive, but 80% of those that did have Business Continuity Plans were still trading 5 years after the event”.
The New Orleans flood has created a wonderful opportunity to go back and look at the business that were in the city at the time, and do some research on the ones that have failed and those that have survived. It should be possible to compare the implementation of Business Continuity Management in each group, so providing the missing evidence on the benefits of Business Continuity through a classic cohort study.
So far as I know, this research is not being undertaken. Should the Business Continuity Institute be trying to find someone willing and able to do this research? Should it be down to the US Department of Homeland Security, or should one of the US universities that offer Business Continuity courses be sponsoring the research? Does anyone out there want a PhD in Business Continuity?