10. Business continuity B 10 / 1 BUSINESS ECONOMICS 5 / 6 Copyright Mark Van Couwenberghe, 2017-2018

10.0 OVERVIEW B 10 / 2 10.1 WHAT IS BUSINESS CONTINUITY? page B 10 / 3 10.2 BUSINESS CONTINUITY AND STAKEHOLDERS page B 10 / 5 10.3 EXERCISES page B 10 / 7 10.4 VOCABULARY page B 10 / 9 Copyright Mark Van Couwenberghe, 2017-2018

10.1 WHAT IS BUSINESS CONTINUITY? Frank is managing a snackbar business He started-up his business with the vision to continue it on the long term What elements would have a negative impact on this vision and what measures may he take to tackle these issues? Copyright Mark Van Couwenberghe, 2017-2018

B 10 / 4 ELEMENT WITH NEGATIVE IMPACT MEASURE TO TACKLE THIS ISSUE As a CEO and ultimately responsible for his business, Frank will lead his company with the vision to enable it to fulfill its long-term commitments to its stakeholders Copyright Mark Van Couwenberghe, 2017-2018

10.2 BUSINESS CONTINUITY AND STAKEHOLDERS Frank is managing a snackbar business Anyone inside and outside the company who has an interest in the continuity of Frank’s business, is considered to be a stakeholder Who are the internal and external stakeholders of Frank’s company? Copyright Mark Van Couwenberghe, 2017-2018

B 10 / 6 Stakeholder (I or E) Interest in the compony Copyright Mark Van Couwenberghe, 2017-2018

B 10 / 7 10.3 EXERCISES Businesses may go bankrupt. Analyze the Belgian business laws and describe the process that occurs between the moment a company faces critical financial difficulties and the moment it goes bankrupt Copyright Mark Van Couwenberghe, 2017-2018

B 10 / 8 Copyright Mark Van Couwenberghe, 2017-2018

B 10 / 9 10.4 VOCABULARY EN NL Copyright Mark Van Couwenberghe, 2017-2018