Disaster prevention strategies

When disasters strike in an organization, it can cause injuries on the employees, and huge damages on the organization’s properties, a scenario that would lead to massive economic losses. Disaster prevention measures in an organization are strategies programmed to ensure that the organization is less vulnerable during the disaster. Disaster prevention strategies impact every organization massively by ensuring that the organization can swing into action when disaster strikes, thus reducing the impact of the disaster on the organization.

Effective risk management needs to be thorough in setting the necessary mitigation techniques. Organizations need to find out the source of the identified risk, evaluate and assess the risk, predict the level of damage it might cause the organization, then come up with the necessary mitigation technique to reduce the risks.

Disaster recovery involves an organization getting back up after a disaster. Many disruptive events might happen in an organization, forcing it to drop its business activities; getting back to its regular business handlings requires a lot of disaster recovery planning. Recovery from a disaster is like a mitigation technique for every organization because it dictates the continuity of a business after a disruption. Recovery measures would be like, for example, assuring the customers that the business handled the risk, and it is now in a better position. This is to ensure the get back to market operations.

Technological advancements have enabled companies to access customer activities, both online and offline. Although customers are never aware of these activities, they are very rampant to ensure the company has a well-rounded picture of what their client needs and thus valuable when it comes to product and service provision. This can be disastrous, especially if the company is not transparent about its activities. Companies should them come up with mitigation techniques to ensure it wins back the confidence of their confidence.

A competitive advantage is a characteristic or an internal secret that allows a company to always be on top of the competitors. However, the advantage can be copied and duplicated by other companies; it is therefore essential that organizations have a competitive advantage or an attribute that the competitors cannot provide.

 

Reference

McGrath, R. G. (2013). The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press.

Dyché, J., & Levy, E. (2011). Customer data integration: Reaching a single version of the truth (Vol. 7). John Wiley & Sons.

Sulphey, M. M. (2016). Disaster management. PHI Learning Pvt. Ltd..

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