BUSINESS RESUMPTION Meaning and
Definition
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Business resumption refers to the process of restarting or restoring normal operations and activities within an organization following a disruption or interruption. It involves reestablishing regular business processes, functions, and services that may have been halted or scaled back due to various circumstances, such as natural disasters, emergencies, or unexpected events like the COVID-19 pandemic.
The goal of business resumption is to return to pre-disruption levels of productivity, efficiency, and profitability as quickly and smoothly as possible. It typically involves developing and implementing comprehensive plans and strategies to ensure the organization can resume its operations without further adverse impact.
Key elements of business resumption include assessing the damage or impact caused by the disruption, prioritizing critical business functions that need to be restored first, ensuring the availability of necessary resources, coordinating with stakeholders and employees, and implementing appropriate safety measures or adjustments to prevent future interruptions.
Business resumption plans often incorporate considerations for managing supply chains, addressing customer needs and expectations, communicating with stakeholders, and adhering to legal and regulatory obligations. It may also involve reviewing and revising existing business continuity plans to better prepare for future disruptions.
The success of business resumption relies on effective planning, preparation, and coordination across the organization. It requires proactive decision-making, flexibility, and the ability to adapt to changing circumstances while minimizing potential risks and ensuring the continuity of operations.
Etymology of BUSINESS RESUMPTION
The etymology of the term "business resumption" can be broken down as follows:
1. Business: The word "business" comes from the Middle English word "bisinesse", which originated from the Old English word "bisignes", meaning "care, anxiety, occupation". Over time, it evolved to refer to commercial, industrial, or professional activities.
2. Resumption: The word "resumption" originates from the Latin word "resumptio", derived from the verb "resumere", which means "to take back, to begin again". In English, it refers to the act of starting or continuing something after an interruption or pause.
Combining these two terms, "business resumption" refers to the process or action of restarting or recommencing commercial or professional activities after a disruption, such as a temporary closure, hiatus, or cessation.
