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Disaster Planning and Financial Management Risk

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Please discuss the disaster planning and financial risk management processes in place in today's companies.

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Solution Summary

This solution describes why it is essential for today's companies to have disaster planning and financial risk management processes in place, and gives examples of such plans in contemporary companies.

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I think one of the most important financial topics facing companies today is disaster planning and financial risk management processes within companies. This issue came to the forefront for numerous corporations in late 2012 in the aftermath of Superstorm Sandy. Many companies did not have a plan in place to address the interruption of work and displacement of employees that happened in the wake of the tragedy. ...

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