Business Continuity
The process of business continuity planning entails development of a practical strategy for corporations to prepare themselves for, and keep up their operations, following a crisis or disaster. Business continuity plans (BCPs) aid organizations in identifying and preventing risks wherever possible, preparing for risks they are unable to control and responding and recovering in the event a crisis or incident does occur. Preparation of a plan for business continuity will facilitate quick business recovery in the event of a disaster/crisis. One cannot predict all sorts of incidents that pose threats to businesses. However, one can formulate a plan covering an array of incidents (natural disasters, staffing issues, computer/technological issues, etc.). (Queens Land Government, 2015) In every instance, companies cannot flourish without proper planning, monitoring, and resource management.
The organization -- First Class Cleaning and Sanitation Services -- offers general cleaning services to businesses as well as homes. It has no BCP, which has negatively impacted the organization, particularly in times of floods. Some consequences of failing to have a BCP are outlined below:
Cash flow problems will certainly crop up if the company fails to plan adequately for when and where funds are required. Late payments will likely lead to...
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