Business disruption referred to sudden shocks to a company’s operations that caused immediate but relatively limited damage. Such events could range from equipment malfunctions and power failures to the fallout from natural catastrophes or political unrest. However, the concept of “disruption” is evolving to include threats to a company’s long-term viability posed by more agile competitors, increased regulation, changes in consumer tastes and new technologies.
Originally by Neil Hodge for RISK MANAGEMENT, read the full article here.
