International Journal of Academic Research in Business and Social Sciences

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Risk Management and its Impact on Business Continuity Management: Evidence from Al Tas-heelat Jordan Specialized Financing Company

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The study aimed to clarify the impact of risk management in its dimensions (risk identification, risk analysis, risk response, and risk monitoring) on business continuity management in its combined dimensions (top management support, business impact analysis, business recovery and continuity strategy, and awareness of plans and training) in Al Tas-heelat Jordan Specialized Financing Company. The study followed the descriptive quantitative approach, and the study population consisted of all employees at various administrative levels in Al Tas-heelat Jordan Specialized Financing Company, where (95) employees work. Primary data were collected through a questionnaire, and a comprehensive survey strategy was used, and (75) questionnaires were retrieved as the final sample of the study. The study used the (SPSS) program to analyze the data using descriptive analysis tools such as arithmetic mean and standard deviation, in addition to simple and multiple standard regression tests to test the hypotheses. The results showed that there is an impact of risk management in its dimensions on business continuity management, and the level of relative importance of risk management was high, with an arithmetic mean of (4.23), indicating that the company applies the risk management system effectively in all its operations. The study recommended the need to disseminate the culture and policy of business continuity management among all employees and to work on updating it on an ongoing basis. It also recommended ensuring that the training strategy aligns with the management's vision in the field of business continuity management.
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