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Definition: Business Continuity Plan
Businesses can face a number of disasters. A business continuity plan will ensure that the company bears those risks and keeps operating. It includes making a strategy of equipping the business to handle potential risks and threats in future. The potential risks are identified and procedures to handle those risks are set up. Then these procedures are tested and updated from time to time. The risks may be from economic conditions, competitors, government policies, natural disasters etc.
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