varundusvõimalus
Varundusvõimalus, which translates to "backup option" or "redundancy possibility" in English, refers to the concept of having alternative plans or systems in place to ensure continuity and mitigate risks. This principle can be applied across various domains, from personal decision-making to large-scale organizational strategies. In essence, it involves anticipating potential failures or disruptions and establishing fallback mechanisms to minimize their impact.
In a business context, varundusvõimalus might manifest as having multiple suppliers for critical components, maintaining redundant
On a personal level, varundusvõimalus can involve having an emergency fund, developing a diverse skill set