Disasters overall affect to business

The green team has shown how disasters affect the business as a whole and the effects it causes to its people.Disasters can be devastating to businesses. Short term losses may include physical damages to premises and contents in addition to revenue loss due to interrupted service, and a loss of wages for temporarily displaced employees. Long term economic impacts could include the complete loss of the business resulting in a loss of jobs and a weakened economy in the local community. This can be especially problematic where a community may only have one major business that provides employment for much of the population.

Business owners have a duty to their employees to insure a safe workplace. This includes taking appropriate steps to be prepared to deal with any potential emergencies or disasters that might impact the workplace. Developing a good plan first entails assessing the risks to your business. What hazards either natural, manmade, or technological could impact your business? What is the probability of certain hazards occurring? What impacts could they have? Answering these questions will aid you in developing an appropriate contingency plan. Assessing the potential impacts will also help justify the cost of developing a contingency plan.

We as the green team have outlined the overall effects of disasters related to business. We did the blog on behalf of NAIT as a institution to educate us on the way disasters can cause a difference in business day to day activities.