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Volume 30, Issue 1

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Thursday, 05 June 2014 15:33

Are Global Shocks Part of Your Business Continuity Planning?

Planning for business continuity includes identifying real risks and evaluating their impact on business activities and objectives. The risks to be included are the ones that could reasonably be held to apply to an organisation. Of course, each entity needs to make its own list, because many risks are situation-specific. For example, an enterprise in the middle of the desert is unlikely to include the risk of a plane crashing on its premises. On the other hand, for a company located next to an airport, the risk is more relevant. But what part should large-scale political or environmental shocks play in business continuity planning?