Why is it that some companies thrive but others fail? There is no cut and dry answer, but one of the contributing factors is their ability or inability to change with the times. Simply put ? businesses that don?t adapt, fail. Recognizing opportunities, minimizing risk, and being flexible enough to respond to unexpected challenges are some of the qualities that any sized company needs to succeed. One of the ways to increase resiliency is with a comprehensive business continuity plan. Here are some things to keep in mind while planning for potential business interruptions. Identify Processes to Protect Natural and manmade disasters have the potential to cause major disruptions in any business. The first step in creating a business continuity plan is identifying the company?s key processes that need to be protected in case of an emergency. Once they have been identified, a plan can be c best fat blocker reated to protect them in any situation. Anticipate Threats Disasters are impossible to predict. That?s why it?s important to make a list of all possible threats for maximum protection. Identifying every potential risk is an effective way to make sure all the bases are covered before disaster strikes. Chances are these threats will never actually materialize; but, businesses that have a disaster recovery plan in place have a better chance of surviving and thriving before, during, and after any event that comes their way. Predict Impact of Threats Each threat has its own unique set of consequences with varying levels of severity. Predicting the impact of all potential risks is an essential part of the business continuity process. This step helps businesses come up with a detailed plan to solve these possible problems, such as budget requirements based on the different levels of impact.
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