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Emergency Preparedness Term Paper

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Program Management The emergency preparedness program starts with the building of a foundation involving management, leadership, commitment and financial support. Without the financial support and commitment from management, providing and building a successful emergency planning program and maintaining the necessary resources will be very difficult. Investing in a preparedness program is essential for maintaining and/or rebuilding your business after a disaster. As many as 40% of businesses affected by a natural or human related disaster never reopen. (Insurance Information Institute.) Larger businesses want their suppliers to have a preparedness plan. These large businesses want to be assured the chain of supply will remain constant during and after any disasters. While being insured will help with some of the loss after a disaster, it does not and will not replace the loss of a customer or customers. Fast and effective communication is a key component during and immediately after a disaster. In today’s world of social media, news is instant and true or not, word is out in literally seconds. News being released this fast, can be good or bad depending on the information. If something false is released to the media, it can be a complete disaster considering shareholders and customers will more than likely be receiving this information without knowing the real story or the other side of the story. If the information released immediately is what the company wants to be released, this can ease the fears of parties involved whether it is customers or shareholders. Finding the right amount of time and money to be invested will be different for each company. There are Regulations that have established minimum requirements, but anything exceeding the minimum will be left up to the company to decide the amount of risk they would deem acceptable. Costs of risks,

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