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It is likely that any management board will consider the options for continuity through one of these strategies:
Accept the risks and change nothing
Accept the risks, but make a mutual arrangement with another business (competitor/business continuity specialist) for help
Attempt to reduce the risks
Attempt to reduce the risks and make arrangements for help after an incident
Reduce all risks to the point where you would not need outside help.
All of these approaches will need a detailed plan to outline arrangements for the incident. You must also consider how quickly recovery will need to happen for the strategic areas of your business or various departments. One essential decision is how you respond to risks that cannot be reduced.