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Business continuity planning

Business continuity planning (BCP) ―identifies [an] organization's exposure to internal and external threats and synthesizes hard and soft assets to provide effective prevention and recovery for the organization, whilst maintaining competitive advantage and value system integrity‖.[1] It is also called business continuity and resiliency planning (BCRP). A business continuity plan is a roadmap for continuing operations under adverse conditions (i.e. interruption from natural or man-made hazards). BCP is an ongoing state or methodology governing how business is conducted. In the US, governmental entities refer to the process as continuity of operations planning (COOP). BCP is working out how to continue operations under adverse conditions that include local events like building fires, theft, and vandalism, regional incidents like earthquakes and floods, and national incidents like pandemic illnesses. In fact, any event that could impact operations should be considered, such as supply chain interruption, loss of or damage to critical infrastructure (major machinery or computing/network resource). As such, risk management must be incorporated as part of BCP. BCP may be a part of an organizational learning effort that helps reduce operational risk. Backup plan to run any business event uninterrupted is a part of business continuity plan. BCP for specified organization is to be implemented for the organizational level in large scale however backup plan at individual level is to be implemented at small unit scale. Organizational management team is accountable for large scale BCP for any particular firm while respective individual management team is accountable for their BCP at small unit scale. This process may be integrated with improving security and corporate reputation risk management practices. In December 2006, the British Standards Institution (BSI) released a new independent standard for BCP — BS 25999-1. Prior to the introduction of BS 25999, BCP professionals relied on BSI information security standard BS 7799, which only peripherally addressed BCP to improve an organization's information security compliance. BS 25999's applicability extends to organizations of all types, sizes, and missions whether governmental or private, profit or nonprofit, large or small, or industry sector. In 2007, the BSI published the second part, BS 25999-2 "Specification for Business Continuity Management", that specifies requirements for implementing, operating and improving a documented business continuity management system (BCMS). In 2004, the United Kingdom enacted the Civil Contingencies Act 2004, a statute that instructs all emergency services and local authorities to actively prepare and plan for emergencies. Local authorities also have the legal obligation under this act to actively lead promotion of business continuity practices in their respective geographical areas. – Identification of top risks and mitigating strategies. – Considerations for resource reallocation e.g. skills matrix for larger organizations.

The key phases and the plan steps are outlined below: Phase I – Data Collection 1.k. data backup. The disaster recovery plan steps that every enterprise incorporates as part of business management includes the guidelines and procedures to be undertaken to effectively respond to and recover from disaster recovery scenarios. Plan steps that are well-constructed and implemented will enable organizations to minimize the effects of the disaster and resume mission-critical functions quickly. IT infrastructure. which adversely impacts information systems and business operations. and also devise workable BC/DR plans. the security levels needed. Business impact analysis should be conducted at regular intervals 3. The predominant role of Wide Area Networks (WANs) in almost all major fields of business has made it an imperative for IT and Network managers across the globe to accelerate their network infrastructure. Business Continuity or DRP steps involve an extensive analysis of an organization’s business processes. it is the process of creating a comprehensive document encompassing details that will aid businesses in recovering from catastrophic events. processes. Secondly. Alternate site location must be selected and ready for use Phase II – Plan Development and Testing 1. The primary objective of a Disaster Recovery plan (a. and the organization size. Onsite and Offsite Backup and Recovery procedures should be reviewed 5.1. and expected output 2. resources. There are various stages involved in developing an effective Disaster Recovery or Business Continuity planning. Project should be organized with timeline. Business Continuity plan) is the description of how an organization has to deal with potential natural or human-induced disasters. Developing a disaster recovery plan differs between enterprises based on business type.a. Business Continuity and Disaster Recovery Plan Steps Business Continuity (BC) and Disaster Recovery (DR) are the watchwords of businesses in the Information Technology (IT) world. Development of Disaster Recovery Plan . resources. continuity requirements and disaster prevention methods. Risk assessment should be conducted regularly 4.

disaster recovery scenario. notification of the related officials/DR team/staff. The following steps are taken in creating an efficient disaster recovery or business continuity planning: Objective The statement of the objective including project details. minimum requirements of processing. and plans for each scenario should be documented. including the plan steps for recovering lost data and to restore normal operating mode. A resource planning should be developed for operating in emergency mode. Periodic inspection of DRP 3. weekly. implementing and maintaining the plan. The essential procedures to restore normalcy and business continuity must be listed out. which can actively involved in creating the plan steps. descriptions of data and communication networks. and customer/vendor details. Onsite/Offsite data. evacuation of site pertaining to nature of disaster. It is beneficial to be prepared in advance with sample DRPs and disaster recovery examples so that every individual in an organization are better educated on the basics. DR Team – Roles and Responsibilities Documentation should include identification and contact details of key personnel in the disaster recovery team. As a priority. equipment.2. descriptions of process. alternate location specifications. Testing the plan Phase III – Monitoring and Maintenance 1. It should include inventory of systems and equipment in the location. and business type Disaster Recovery Plan Criteria A documentation of the procedures as to declaring emergency. Contingency Procedures the routine to be established when operating in contingency mode should be determined and documented. Testing and Maintenance the dates of testing. resources. location of vital records with categories. notification of procedures to be followed when disaster breaks out. Maintenance of the Plan through updates and review 2. software. . their roles and responsibilities in the team. active backup. A workable business continuity planning template or scenario plans are available with most ITbased organizations to train employees with the procedures to be carried out in the event of a catastrophe. monthly. businesses organizations create DRP templates as a basis for developing Disaster Recovery plans for the organization. Maintenance involves record of scheduled review on a daily. should all be maintained. Documentation of changes An Enterprise appoints a Disaster Recovery team within the organization.

since investors will look for their annual return in that timeframe. and the plan for reaching those goals. the reasons why they are believed attainable. and modified as required. teams. It may also contain background information about the organization or team attempting to reach those goals. The Benefits of Multinational Corporations Let us consider the arguments from both sides. 3. Business plan A business plan is a formal statement of a set of business goals. � MNEs may provide training and education for employees thus creating a higher skilled labor force. It might initiate a multiplier process generating more income as newly employed workers spend their wages on consumption. Disaster recovery planning is a crucial component of today’s networkbased organizations that determine productivity. client. These skills may be transferred to other areas of the host country.[1] 4. The results obtained should be recorded. and business continuity. reviews of plans. To aid in that function a test strategy and corresponding test plan should be developed and administered. taxpayer. Often management and entrepreneurial skills learned from MNEs are an important source of human capital. . The disaster recovery plan developed thereby should be tested for efficiency. Strategic alliance A Strategic Alliance is a relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organizations. Firstly. or larger community. Organizations realize the importance of business continuity plans that keep their business operations continuing without any hindrance. This may provide jobs directly or through the growth of local ancillary businesses such as banks and insurance.quarterly. tasks accomplished and complete documentation review and update. a 3 to 5 year business plan is required. analyzed. activities. from those who maintain the importance of foreign direct investment as part of the engine necessary for growth? � A MNE investing in an area may result in a significant injection into the local economy. � MNEs will contribute tax revenue to the government and other revenues if they purchase existing national assets as in the case in Zambia through the privatization process 5. Business plans may also target changes in perception and branding by the customer. When the existing business is to assume a major change or when planning a new venture. This form of cooperation lies between M&A and organic growth. yearly basis.

structures. Some are agencies. we might define it this way: Innovation is the discipline and process of applying frameworks and techniques for analysis. systems. Like engineering. Those decisions are specified in the merger contract well in advance of the deal. capital equipment. manufacturing capability. shipping and liability costs and produce higher profits. The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts. a body of knowledge you can study. a joint venture is when two or more companies make an agreement to do business in one specific area. but not all. They combine their respective resources. practices that stimulate ideation. Difference between joint ventures and mergers acquisitions Basically. 6. The alliance often involves technology transfer (access to knowledge and expertise). Sometimes there are losses of jobs. distribution channels. They can share the insurance. A trainer teaches you the process and techniques of innovation-the discipline-so that you can find you own solutions. and processes that realize a desired objective and meet specified criteria.Partners may provide the strategic alliance with resources such as products. or intellectual property. innovation is a process (a roadmap) that uses formal techniques and methods (a toolkit) to come up with new ways of meeting needs. It is usually a short lived collaboration. master and apply to various challenges. the company taking over gets to make all the final decisions. What exactly does an innovation consultant do? Innovation consultants work in two ways. project funding. Others are trainers. expertise. knowledge. So. They cannot take away benefits already earned. economic specialization. Looking for a simpler definition? In business. innovation means finding new ways to improve results. . innovation is a discipline. machines. If it is unfriendly. A merger is when two companies come together to form a single company. An acquisition is when one company is buying and taking over another. An agency takes your problem or challenge and applies the discipline of innovation to find a solution. devices. often the seller can stipulate who keeps their job and so forth. Using the format above. If it is friendly. 4. and methods of prototyping in order to conceive and develop original solutions to problems.[1] shared expenses and shared risk. What do you mean by innovation? Engineering is the discipline and profession of applying scientific knowledge and utilizing natural laws and physical resources in order to design and implement materials.

and better business processes that can generate unbelievable ROI. You must invent something that no one else has invented. So. innovative answer.. we offer a gain sharing option. One is to promote innovation throughout their firm. In the process. You save even more when you commit to the system. We teach global best practices in innovation. To solve a specific problem or meet a specific challenge. Most clients prefer to look at their innovation spending not as a cost. How much does it cost? It costs more than a typical training program. If you want just classroom training.At The Innovation Workgroup. business unit or department. our daily rates for shortterm assignments start at $2. To promote innovation. How would I use your services? Clients select us for two reasons. It costs a lot less than a keynote speech by a member of the "most influential" list. Companies that use global best practices in innovation have developed new products worth billions of dollars. half-day workshop. deliver keynote speeches. or collaborate with you to assess your corporate culture and streamline your systems so that employees will be motivated. Have you worked in my industry? Probably. but they are documented.500 for our senior consultants. and discounts are available for multiple workshops. We show you how. The other is to come up with a solution to a specific problem or challenge. the solutions they devise are the same ones that everyone in the industry devises. and you can expect to get a lot more benefit. They apply the industry's wisdom. you might use us to conduct workshops. not too much! Industry-specific consultants know the industry's wisdom. You supply the industry knowledge that tells you where and how to use them.a perfect combination. but not when you need an original. But hopefully. That's fine in many situations. you might use us to lead a collaborative problemsolving engagement. Prices for longer workshops are proportionately lower. We also collaborate with you to create new solutions. you must discover insights that no one else in the industry has discovered. When you build an innovation "plant" and install the necessary "equipment. but as a capital expenditure. We bring the tools and techniques that produce such insights and inventions. and you can expect to remember and use a lot more of the material. The rates go down for longer engagements.000 (less in India) for a single. improved customer satisfaction and employee engagement. enabled and empowered to innovate. Our methods and your domain expertise . Your team would work with us to devise one or more solutions. better production and marketing methods." your employees will start producing better products and services. We don't just tell you how to innovate. They trust the industry's wisdom. .000 for our principal and $1. Reductions of up to 50% of our published rates are available in exchange for an incentive if your objectives are met. But that's not all. they would also learn and master global best practices in innovation. If you are serious about innovation and still not sure you can afford us. and seen their revenues and margins increase steadily. If you engage us as consultants. What benefits could I expect? The benefits of The Innovation Workgroup System seem almost too good to be true. To be innovative. reduced costs and cycle times by more than 90%. we are trainers and more. our prices start at $3.

Incremental innovation exploits existing products. Do my people use global best practices to solve problems. or will we be fine if we just keep doing what we know already? . How many of my employees contributed original ideas for business improvements last year? . Types of Innovation There are many different types of innovation with the two most popular types amongst innovation specialists usually being innovation and radical innovation. Will my business need new solutions to improve results. How many new ideas were implemented? . 5. would she know where to submit it? If you're not entirely happy with your answers to these questions. whereas radical innovation uproots existing markets by providing something completely new to the world. or do I merely hope my employees will innovate? . or just the methods they learned in school? . Do I manage innovation.Contact us today to learn how The Innovation Workgroup System can accelerate your growth. processes or technologies by improving on what currently existed. ask yourself some questions. then it makes sense to start a dialog with The Innovation Workgroup. Let's explore how we can ramp up your team's innovation skills to accelerate your company's growth. . To find out. Contact us today. If an employee had an original idea for business improvement. . Do I really need an innovation consultant? Maybe.

consumers. Others argue CSR is merely window-dressing. Corporate social responsibility Corporate social responsibility (CSR. It was used to describe corporate owners beyond shareholders as a result of an influential book by R. employees.[2] Proponents argue that corporations make more long term profits by operating with a perspective. self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law. The UN has developed the Principles for Responsible Investment as guidelines for investing entities. social performance. meaning those on whom an organization's activities have an impact.6. communities. ISO 26000 is the recognized international standard for CSR. corporate citizenship. Edward Freeman. Development business ethics is one of the forms of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. or an attempt to preempt the role of governments as a watchdog over powerful multinational corporations. also called corporate conscience. or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment. stakeholders and all other members of the public sphere who may also be considered as stakeholders. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder. Public sector organizations (the United Nations for example) adhere to the triple bottom line (TBL). Strategic management: a stakeholder approach in 1984. . while critics argue that CSR distracts from the economic role of businesses. CSR policy functions as a built-in. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. It is widely accepted that CSR adheres to similar principles but with no formal act of legislation. ethical standards.