What does the term "business continuity plan" refer to? 🔊
The term "business continuity plan" refers to a comprehensive strategy that outlines how an organization will continue operating during and after a significant disruption or disaster. This plan addresses potential risks, recovery procedures, and resource allocation to ensure essential functions remain operational. Key components include risk assessments, recovery strategies, and employee training. By establishing a robust business continuity plan, organizations can minimize downtime, protect critical assets, and maintain stakeholder confidence during crises, thus supporting long-term sustainability.
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