business-continuity

Vocabulary Word

Definition

'Business continuity' is a strategy that helps a business keep operating during a crisis. It's about planning and preparing for different difficulties, so your business does not stop even when things get tough.

Examples in Different Contexts

In operations, 'business continuity' focuses on creating systems and processes that are resilient to disruption. An operations manager might explain, 'Our business continuity strategies include backup suppliers and alternative distribution channels to ensure product delivery isn't halted.'

Practice Scenarios

Business

Scenario:

Budget cuts have made it important to revisit our strategies. How can we safeguard our operations against unexpected disruptions?

Response:

We should review our business continuity plan thoroughly and make necessary changes promptly to counter any disruptions.

Risk Management

Scenario:

Rising competitive pressure puts us in potential business risks. How do we prepare and protect ourselves from these unknown factors?

Response:

By optimizing our business continuity and disaster recovery plans, we can mitigate the impact of these potential risks.