Requirements:1. What can you recommend in the scenario?2. Give an action plan according to what you have recommended in number 1 Answer in bullet form Equity Technologies Corporation, a business that offers warehouse facilities and services forequipment, known what it means to be prepared. Located in Mobile Alabama, the company haslong had plans and procedures in place to counter the threat posed by hurricanes and othersevere weather. For instance, Equity Technologies promotes family and individual preparednessand has set up a means of communicating with employees when dangerous weather threatens.Employees carry laminated cards with contact information for supervisors and a voice recordedcall-in number with updates about the company's status.But it was the risk Y2K-related disturbances that motivated Equity Technologies to get seriousabout its disaster preparedness and business continuity plans. "We are a small company whichdoes business around the world. To be competitive, my clients must feel confident that we areready for everything," said Equity Technologies Corporation's President and CEO CathyAnderson-Giles. It wasn't hard to put together a plan, you just have to make it a priority."First, the company identified workers to serve as the contacts for the 72 employee operations.These key contacts, then, established safety and security teams which analyzed EquityTechnologies Corporation's entire emergency process.The teams realized that communication between the company and the outside world was thesingle most important operational factors in an emergency. As a result, Equity Technologiespurchased generators to power their phone system during utility outages and trained co-workersto set them up within seven minutes. Not only does the company have emergency plans andprocedures in place, it has made a commitment to review the plans and tools each year at thestart of the hurricane season. "We have the annual review on our corporate calendar," saidAnderson-Giles. "Being prepared means being ready for any kind of emergency, be it hurricane,utility disruption, or manmade disaster."

INTRODUCTION: Small businesses are particularly vulnerable to disasters. Unlike large businesses,…

Answered: What can you recommend in the scenario?…

What can you recommend in the scenario? 2. Give an action plan according to what you have recommended in number 1 Answer in bullet form

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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