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Collaborative Development Of A Small Business Emergency Planning Model, Arthur Henry Hendela
Collaborative Development Of A Small Business Emergency Planning Model, Arthur Henry Hendela
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Small businesses, which are defined by the US Small Business Administration as entities with less than 500 employees, suffer interruptions from diverse risks such as financial events, legal situations, or severe storms exemplified by Hurricane Sandy. Proper preparations can help lessen the length of the interruption and put employees and owners back to work. Large corporations generally have large budgets available for planning, business continuity, and disaster recovery. Small businesses must decide which risks are the most important and how best to mitigate those risks using minimal resources.
This research uses a series of surveys followed by mathematical modeling to …