It can be said that risk exposure on the securities market is a good, creating the conditions for investors to earn supranormal profits. Risk in other areas of business, however, does not follow this model. In documentary production. How prepared a business is to face a natural disaster has much to do with accountability framework applicable to a sector. If a business is an industrial firm, it can be effectively argued that there will likely be more thoroughgoing disaster preparedness as part of organizational policy and procedure in place.
Risk management of natural disaster incidences beyond internal organizational control present an obvious challenge to businesses. When natural disaster strikes, immediate reactions are generally safety focused. Establishing adequate risk management programming can assist in return to operations post-disaster. Audit of projected risk and contingency planning in case of natural disaster, is considered to be a regulatory requirement, and essential to implementation of workplace health and safety strategies.
Investigative journalism on the topic of natural disaster and human costs addresses priority logistics in managing such a scenario. The film shows how earthquakes in Christchurch, New Zealand in 2011, bushfires in Victoria, Australia in 2009 affected businesses in the area. The post-disaster process of damage assessment, insurance claims, financial reporting, and emergency and environmental warning communications are central to the discussion. The review of external factors impacting business is accompanied by an online, printable worksheet covering the criteria to risk management of a disaster preparedness plan.External Factors Affecting Business: Natural Disasters
- ISBN 978-0-81608-615-3
- Run Time (24 Minutes)
- Copyright 2013
- Closed Captioned (CC)