What are the key components of a continuity plan for a large-scale enterprise?
What are the key components of a continuity plan for a large-scale enterprise?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What are the key components of a continuity plan for a large-scale enterprise?
Expert Solution
Step 1: Define business continuity plans:
Business continuity plans help the organization identify the potential risks and vulnerabilities that could disrupt business operations. It is important for an organization to assess the potential consequences of disruptions to various business functions. Risks can be resolved by creating strategies and plans to ensure the continuity of essential business functions.
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