The Risks of Poor Business Planning

Natural disasters such as earthquakes, floods, and fires often come at the least expected time. Others, such as hurricanes and tornados, are increasing in severity and destruction. Many reports and studies have found that only about 50% of businesses have comprehensive business continuity plans in place. Disasters can come in many shapes and forms. To those foolish enough not to be prepared, it could mean the death of the business. Organizations must plan for these types of disasters:

Each of these can cause aninterruption in operations. The length of time that services could be interrupted are defined as follows:

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