| BUSINESS
CONTINUITY
updated 2008 Feb 19 |
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used in the following courses taught by Prof. Richardson
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| CLARIFICATION | , | In some matters
of business and marketing, Business Continuity refers to the ability of
a founding Entrepreneur to pass on control of a profitable business to
their children so the next generation can run things suitably - as in the
case of some of Canada's great family business (McCain,
Rogers, Richardson,
etc.). In this case business continuity involved preparing the next generation
to take control of the company, making sure the products continue to be
produced and sold in a profitable way, and also includes many legal considerations
related to ownership and the assets of the person who founded the firm.
For the students in Richardson's class, Business Continuity is discussed in the context of how a business continues to operate after something really bad has happened - either a natural disaster, a criminal or terrorist act or even some disastrous situation in the competitive environment. It can also apply to situations of struggling to continue operations in the face of losing supplies of raw materials or components, or dealing with a change in government regulations that impairs operations (eg. a sports bar effected by the no-smoking rules). |
| Contingency
Planning Heirarchy |
How
Business Continuity fits in the Contingency Planning Heirarchy
Incident Response Plan
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Canadian
Federal Government resources on Business Continuity Planning |
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