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Below is an essay on "Business Administration" from Anti Essays, your source for research papers, essays, and term paper examples.

Requirements for Business Contingency and Continuity Plans

Technology plays a critical role in business contexts and threats to technology are consistently evolving. Thus, businesses should be ready to respond to a multitude of circumstances from hurricanes to computer viruses. The only approach to respond successfully is by having a well-designed, well-tested continuity and contingency plan. The steps that can be used in planning involves identifying threats through BIA (Business Impact Analysis), planning for risk mitigation or minimization of the effects of business via contingency plan development, and establishing recovery options, for example, backup sites. Furthermore, the plan should remain up-to-date and actionable, and the best approach of ensuring this is through testing the plan and training personnel on a regular manner.

Requirements for Business Contingency and Continuity Plans
In 2013, a huge explosion emerged without warning in a small town in Texas, following the fire outbreak in the West Fertilizer Company. The origin of fire is still a mystery, but the fire claimed lives of many people who attempted to contain the massive blaze, even air traffic over that area was halted because of the hazardous chemicals emitted, and structures enclosing the plant were evacuated, damaged and reduced to the ground (Eilperin & Fears, 2013). Many people wonder how this fire emerged given that it could have been prevented. The Environmental Protection Agency, EPA, started that the fertilizer plant was penalized in 2006 for not employing risk management plan that could have addressed safety hazards, maintenance procedures, and employee training. Additionally, the owner of the factor was not certain whether he would recover from this fire disaster (Eilperin & Fears, 2013).  Although the West Fertilizer had insurance to cover for damage of the building, its assets and costs required to fully recover from...

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"Business Administration". Anti Essays. 13 Dec. 2018


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Business Administration. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Business-Administration-759024.html

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