BUS 323 Week 1 Discussion 2
Read the article, “’Risk Masters’ Chart Course for Developing Risk Capabilities (Links to an external site.).” Based on the information presented in the article, discuss the following: Describe some of the challenges of implementing a continuity strategy for an organization. How would you overcome these challenges? What risks do you run by not implementing this strategy?
Continuity strategy is developing a plan to prevent or mitigate potential threats in a company and developing strategies on how to recover from it. There are some challenges associated with implementing this strategy in an organization: first, a lack of management support. In some companies, executive leadership is often too busy to oversee the project, thus delegating a mid-level manager’s responsibility. This, in turn, can reduce visibility atop and result in a lack of cooperation from different organizational levels. The solution for this problem is hiring a Chief