which value is promoted by protecting business from natural risk
Answers
Answer:
How to Protect Your Business From a Natural Disaster
Explanation:
For businesses to be able to survive a catastrophic event, they need to have a plan in place for what to do before, during and after such an event takes place. Communicating your continuity plan with employees and conducting regular emergency practice drills will help train your team on how to respond and recover.
As part of that plan, businesses should assign responsibilities to various team members and make sure there is someone in the organization, outside of leadership, who understands key operational processes in order to keep the business running.
“Have someone designated who knows what all those pieces are, what the time frame would be to get them back online, what equipment is needed,” Hodgers says.
Also consider what might happen if your customers and suppliers are also affected by the disaster, and what that might mean in terms of your ability to do business. Find out in advance if they have backup plans of their own. And determine what should happen if you or any of your affiliates need to go an alternative location.