Business Continuity Planning: Are We Prepared for Future Disasters

Abstract

Natural and man-made disasters could cause a lot of monetary, mortality and morbidity losses for all business' operations such as: activities, products and services. In order to minimize losses from such disasters, it is essential to prepare and implement effective business continuity plans that could deal with abnormal conditions. In this study, a discussion of the major risk factors that could cause business disruption and the main strategies to prevent business' losses were discussed so as to advice effective business continuity plans for organizations. Risks are due to human and technology factors, natural and man-made disasters are the main contributors to business' losses. This study introduced the main components to evaluate and modernize business continuity plans with the intention to develop effective business continuity plans.