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Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

These programs include regular reviews, updates, and exercises which are critical for improvement and performance when plans are activated. The dynamic nature of risks requires constant adaptation to maintain the effectiveness of business continuity plans. Myth 5: Business Continuity is Too Expensive for Small Businesses.

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The Multiple Factors Leading to the Collapse of Silicon Valley Bank

Erwood Group

Some additional key risk reduction steps SVB took early on were: They required a pledge of half of a startup’s shares as collateral (Reduced later to seven percent). The bank’s leadership failed to raise enough capital to support its lending activities, leading to a decline in the bank’s financial health.

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