A business continuity plan is a contingency plan for how your company would minimize damage to its employees and property, remain as productive as possible, and eventually return to normal in the event of a major natural disaster, fire or other hazard. A business continuity plan needs clear, realistic goals, and should designate a business continuity plan. You also need to conduct a business impact analysis (BIA) assessing how core business operations could be damaged by any number of different natural and man-made disasters.
Key Takeaways:
- A business continuity plan can protect a business in the case of a disaster or communication breakdown.
- Businesses can be vulnerable to natural disasters, man-made disasters, utility failures, intentional sabotage, and cybersecurity attacks.
- A Business Impact Analaysis serves to identify the core business operations, give scenarios of all potentially damaging situations, and plans for dealing with them.
“When creating a business continuity plan, companies identify possible threats such as fires, utility disruptions or cyber attacks and proactively determine what employees can do to get the business back on track.”
Read more: https://smallbiztrends.com/2019/02/what-is-a-business-continuity-plan.html
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