homepage > For business > Step 3
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A Government website with practical advice to help in emergencies.
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Develop a strategy
You know the risks, now what approach do you want to take to deal with them?
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For each risk you have identified your solution will probably fall into one of the following categories:
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Accept the risks and do nothing
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Accept the risks, but make a mutual arrangement with another business or a business continuity partner to ensure that you have help after an incident
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Attempt to reduce the risks
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Attempt to reduce the risks and make arrangements for help after an incident
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Reduce all risks to the point where you should not need outside help
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The plan is developed from the strategy you chose for each element of your analysis.
The nature of risk - defined in terms of its likelihood and impact (step 2) - will determine which business continuity strategy is appropriate and what, if any, action is required.
At one end of the spectrum, disruptions that are low likelihood and low impact may require no specific action. On the other hand, risks that are high impact and high probability may point to the development of specific plans and risk mitigation strategies.