Introduction
In today’s world, businesses face many critical challenges and are surrounded by lots of threats that can seriously disrupt and hinder the business’ performance. The facilities in which the businesses are conducted are also facilitated with lots of threats that can be major disruption in causing a decline in the overall profitability of the business. These threats can be natural as well as man-made, but eventually the performance of the business and the continuity is disturbed. Therefore, creating a protection plan for the business or the recovery plan is very essential for a business.
The important point is that protection plan will be able to address all these threats and manage the risks associated quite carefully in order to safeguard the uniqueness of the business. There are some important facets that are to be covered by the business in order to be responsive to these threats. On the other hand, the reason or the major objectives of the business to create a recovery or protection plan is to first of all make the property or the facility in which the operations and production is conducted secure and vulnerable.
Secondly, the main objective is also to make the business continuity smooth and free from all the hindrance. Furthermore, the plan is prepared in order to stay prepare for the emergency and be quick in responding to all the man-made hazards plus all the natural disasters. However, before deciding on the recovery plan, it is important to take into the account the location and the industry in which the company is operating.
Furthermore, the company’s culture and the structure of the business along with the management style, and the main or key objectives of the business are also taken into account. However, this does not have any resemblance, but it holds key importance. It is important to take all these aspects into account as the disaster will make significant disruption in these component and the recovery plan will incorporate the way these facets will respond to the disaster or the hazardous situation.
Furthermore, the performance and the recovery of all these elements after the disaster and their continuity as they are key elements of business is also important and taken into account. Therefore, the association of all these business elements with the protection plan is important and needs to be aligned quite carefully. However, the businesses fail to identify the potential threats at many occasions, which is an inability of a business and accounts for a big mistake.
Secondly, the businesses identify a potential threat but on the other hand, underestimate the severity associated with it. This is also a crucial mistake done by the business that leads to disasters and restrict businesses form managing the situation or creating a strong disaster management plan immediately to show a rapid response. Thus, it is important for business to initiate with risk assessment and the process of identifying the vulnerabilities associated with the potential risks.
In this regard, the first and the major tasks that business must comply is to identify the threats like natural disasters and also the man-made threats. The next step is to differentiate between those man-made threats and the natural disasters and identify which are the most potential threats to the business.
It is important to identify the risks associated with the disasters and the potential loss that a business facility can suffer from such threats. This will be very helpful in developing the action plan as it will be giving a strategic picture of the possible disruptions that can occur and the kind of loss a business can face. Thus, a plan should be developed that will be responsive to all such threats and should cover all the loss that occur.
Risk Evaluation
The paper will incorporate two different type of threats or risks that a business can suffer from and the potential loss that can occur due to these threats or disasters. The first type of threat emerges from the natural disasters that are of different type and have different impact on the businesses. The second is the man-made threats that can cause a disaster and can put the business into a concerning situation.Cultural Differences Case Solution
Natural Disasters
The first and the most important factor is the geographic location of the business facility and to identify that if the business is under some real natural disasters or is located in allocation that is surrounded by some natural eruptions. The first natural disaster that can occur is the earthquake, which can cause serious disruption in the business operations and can put the facility under real hindrance reading operations...................
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