business continuity planning case Solution
Natural disasters are the most commonly occurring events among all that hamper the workings of an organization however; such large scale calamities are rare.Nonetheless,they are still one of the most common and fluently occurring events that threaten and challenge the workings of any organization.
There are various types of natural disasters that frequently occur in the world such as earth quake, flood, tsunami, volcano, thunderstorms and many others. Among these natural calamities, earthquake and tsunami are the most critical among all and pose probably the most critical challenge for the management of the organization of the businesses that operate within their range (P Rozek, 2008 ). The
most critical thing about natural disasters is that they are hard to predict and control, which means the organizations and their management have to be prepared and on guard almost all the times especially in the regions where they erupt the most.
The deteriorating peace and order in the world is also another big challenge for organization that operates in the market irrespective of their scale and size. The organizations are on constant watch out for these threats and issues as they are hard to predict and react to. Although there are several possibilities and solutions to counter the terrorist threats and the most critical among all is the effective policing, which is the responsibility of the government of the country where the business operates, however the businesses are constantly being targeted mostly in the developing countries where law and order situation is not satisfactory at all. The 9/11 attack in the U.S. also illustrates that the businesses are never fully secure and the management of the organization should also prepare themselves for worst circumstances to minimize the damage that could happen if there is no business continuity policy or strategy of the company.
POLITICAL AND ECONOMIC STABILITY:
The political and economic stability of the market and the country where the business exists is also a very critical factor for the management of the organization as social security environment of the resources and the assets of the organization are a crucial factor for the business operations in the market. Any political instability in the form of anarchy or civil war will likely hurt the business badly as law and order is crucial for the business and markets to prosper and grow. It is necessary that the management of the organizations realize these risks and develop strategies to counter it.
REVALUATION OF THE BUSINESS CONTINUITY PLAN AFTER 9/11 INCIDENT:
The concept and the adoption of the business continuity planning majorly revived after the incident of 9/11 in America. It led the managements of organizations to shift their focus to this aspect of challenges in the environment of the business as it became clear after several comprehensive analysis and studies that the businesses and organization that had a business continuity plan in place before the incident occurred were successful in sustaining and preserving the business.
On the other hand, other organizations that did not had a business continuity plan were left vulnerable and suffered badly during the incident and the follow up crises that followed after it. This also assisted several other organizations and businesses to reconsider and reevaluate their existing business continuity plans after the incident at the expense of other organizations that suffered during the incident. Some of the most critical lessons that were learned by the corporate society after the incident are mentioned below:
â€¢ Strategies and policies must be revived and appraised frequently and timely.
â€¢ All types of possible scenarios and threats must be considered by the management of the organization even if the possibility of any such thing is almost near to impossible…………
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