This infographic from Boston University’s business program (http://msmonline.bu.edu/) helps you assess whether or not your organization can survive a natural disaster. After a major disaster—tornado, tsunami, flood, hurricane, fire, etc. – 25% of businesses do not reopen.
Two ways to keep from this infinite closure is to invest in preparatory management of a disaster, and to invest in a recovery plan for after a disaster. Five things to keep in mind for long-term survival: the disaster’s impact on the organization’s clientele, if you belong to a declining industry – recovery is less likely, financial resources lost by the organization, availability of substitute goods, and the owner’s ability to adapt to the new business environment.
