Business Continuity Plan
Running Head: BUSINESS CONTINUITY PLAN
Business continuity plan
[Name of the writer]
[Name of the institute]
Business continuity plan
Introduction
The bigger task than starting any business is the strategies and steps taken to maintain the business and keep it surviving and growing in this dynamic environment. Business continuity plan aims to manage the risk which could happen due to catastrophic events and thus strives to minimize the risk from potential disaster that may happen due to many different reasons. Business continuity plan also includes a recovery plan that helps in the case of the adverse effects of events. In effective business continuity planning a business should consider every aspects of the business that may be influenced or effected on the event of disasters. Business continuity plan also decides the critical element and departments of an organization that can operate without some portions of their usual support system. The objective of business continuity plan is to minimize the monetary loss that a company may incur in the event of a disaster. The business continuity plans aim to continue serving customers satisfactorily in-spite of the disaster without any hitch. Business continuity plans objective is also to alleviate the negative impact troubles can have on a business’s strategic plans, reputation, operations, market position, and capability to remain in agreement with related laws and regulations (2003, p. 4).
Discussion
Previously, the only things that an organization needed to protect themselves from were events such as fires, earthquake, tornados, floods, power failures and communication outages. These events are statistically predictable, insurable, and well quantifiable and well understood events. However, in today’s age companies has to consider events that are non-quantifiable, intentional and have blurred boundaries. These new age disaster that may affect today 's businesses are terrorist attack, cyber-crimes,
Business continuity plan
[Name of the writer]
[Name of the institute]
Business continuity plan
Introduction
The bigger task than starting any business is the strategies and steps taken to maintain the business and keep it surviving and growing in this dynamic environment. Business continuity plan aims to manage the risk which could happen due to catastrophic events and thus strives to minimize the risk from potential disaster that may happen due to many different reasons. Business continuity plan also includes a recovery plan that helps in the case of the adverse effects of events. In effective business continuity planning a business should consider every aspects of the business that may be influenced or effected on the event of disasters. Business continuity plan also decides the critical element and departments of an organization that can operate without some portions of their usual support system. The objective of business continuity plan is to minimize the monetary loss that a company may incur in the event of a disaster. The business continuity plans aim to continue serving customers satisfactorily in-spite of the disaster without any hitch. Business continuity plans objective is also to alleviate the negative impact troubles can have on a business’s strategic plans, reputation, operations, market position, and capability to remain in agreement with related laws and regulations (2003, p. 4).
Discussion
Previously, the only things that an organization needed to protect themselves from were events such as fires, earthquake, tornados, floods, power failures and communication outages. These events are statistically predictable, insurable, and well quantifiable and well understood events. However, in today’s age companies has to consider events that are non-quantifiable, intentional and have blurred boundaries. These new age disaster that may affect today 's businesses are terrorist attack, cyber-crimes,
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