Critical Success Factors Of Effective Business Continuity Management: A Malaysian Case Study

Abstract

This paper examines the critical success factors of effective Business Continuity Management (BCM) practiced by Malaysian organizations. The effectiveness of BCM is measured by the overall organizational performance which comprise of financial and non-financial performance indicators. For purpose of data collection, conventional and electronic survey questionnaires were deployed to a total of 147 organizations nationwide involving the private and public sectors. This study managed to obtain 77 usable responses from the respondents which reflecting 55 percent of effective response rate. Using the multiple regression analysis techniques, the study reveals that external requirement and embeddedness of continuity practices have significant relationships with the overall organizational performance. Meanwhile, the management support and organizational preparedness are not significantly related to overall organizational performance. Theoretically, the research framework is supported by the Resource Base View (RBV), crisis management and stakeholder theories. The study contributes in the theoretical framework for understanding the critical success factors that affect the establishment of effective BCM in an organization that eventually lead to superior performance. This study believes that by understanding the relationships, it could contribute to the betterment of the overall organizational performance. Furthermore, this paper also highlights the limitation of the study and recommendation for future researches.