The Impact of a Risk Event on Business Relationships - Essay Example

The paper shows the strategic risks that are inadvertently linked with the nature of operations and administrative procedures of any particular industry. Other multilateral dependencies that can impact business partners or link in a business chain include accidents between cars in the importing procedures, fire, theft, and vandalism and water damages (Jolly, 2003). Being a transporter with a reputation of delivering on time and within budget, traffic can be a considerable hindrance to the performance of duties.

Such a reputation is highly dependent on the status of traffic unless the transporter has a dedicated means of a business that is not shared by others in the same business. Depending on the embedded culture of business continuity, a business organization can be categorized as risk-taking or having zero tolerance. It is from such cultures that a business’ continuity is ensured and the impacts of accidents, such as those arising from transport procedures, can be alleviated.