3 Catastrophic Continuity Plan Failures That Toppled Industry Giants — and What You Can Learn From Them

Opinions expressed by Entrepreneur contributors are their own.

A Business Continuity Plan (BCP) is often something that many professionals do not pay close attention to. History has shown us that even industry giants can be humbled and collapse or lose significant income when they overlook critical vulnerabilities in their preparation for crises.

This can range from overconfidence in their abilities and technologies used to geopolitical unawareness. If the blind spots are not managed carefully, severe crises can be escalated, which can even threaten the future of the business.

This article will look at three catastrophic BCP failures that brought down industry titans. Every organization or company can learn lessons from

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Scammers Can Deepfake Your CEO in Just 3 Minutes for $15 — Here’s How to Stop Them

Opinions expressed by Entrepreneur contributors are their own. In 2024, a scammer used deepfake audio and video to impersonate Ferrari CEO Benedetto...

Here Are the 10 States Where People Are Most At Risk of Running Out of Their Retirement Savings. Is Your State On the List?

One of the greatest retirement fears Americans face is outliving their savings and investments, according to a June study from the nonprofit Transamerica...

Airlines lease planes to meet demand, keep costs down | CNN Business

Airlines lease planes to meet demand, keep costs down ...