Date Added: Sep 2010
The world, and certainly the world of business, is an increasingly riskier place. In an ever-changing business environment, risk exposures have been increased on both a global and regional basis, leading to the potential of heightened impact in the case of a business disruption. The company has to be ready to deal with whatever is thrown at it and one need to make sure the business stays operational or recovers quickly and cost-effectively. Traditional business models and methods of operating are becoming obsolete: today's organizations need to embed flexibility and agility within their methods of operation in order to withstand a dynamic and ever changing world.