• Think of it like a school fire drill! 🚒
• It's the steps a company takes to prepare for a possible crisis.
• Imagine a company asking: "What if...?" and then acting it out in a mock drill.

Main Idea

• Expect the unexpected. 🤔
• Prepare for possible crises by setting up processes.

Examples

• Fire drills (making sure everyone knows how to leave a building safely)
• Planning for strikes (when workers refuse to work)

• Cost 💰

  • Prepping for crises isn't free! You might need equipment, training, and more.
  • BUT... think about it like buying insurance. It's cheaper to be prepared than to deal with a disaster and its aftermath. (e.g., Being ready for a blackout vs. facing a massive data loss without backup)

• Time 🕒

  • Planning and training can eat up a lot of time.
  • Real World Example: Health regulations might require training employees in first aid. Ever had a colleague go for CPR training?

• Risks 🎲

  • Assess potential risks: to people, equipment, the entire company, and even partners like suppliers.
  • These risks aren't static. They change! So, plans need to be reviewed and updated. Imagine if you planned only for yesterday's technology and threats!

• Safety First 🚫🔥

  • The ultimate goal? Keeping everyone safe!
  • Remember our fire drill? It's all about ensuring everyone is safe if there's a real fire.