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Business Continuity Management

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Business Continuity Management is defined by the Business Continuity Institute as: "...the process of anticipating incidents which will affect critical functions and activities of the organisation, and ensuring response to any such incident in a planned and rehearsed manner" (cited in Business Continuity and Supply Chain Management). It is relevant to any types of organizations that operates in a very high risk environment, such industries like telecommunications, finance and transportations. In a survey conducted by Patrick Woodman in 2007 about BCM, there's a 73% of managers report that establishing this kind of program is helpful for the whole organisation; thus 94% agreed that disruption in their business operations had been reduced. Matthys …show more content…

GDP is the total value of the annual output of goods and services produced within a nation's borders. It excludes the foreign output of domestic firms and includes the domestic output of foreign firms (Mankiw). Because of low GDP, companies' level of output they produce annually has been reduced. One common mistake of some companies during recession is when there is less money to go around, they will cut off their budgets. When this happens, it is inevitable to lay off key employees to reduce their expenses. When there's a decrease of employment rate in the economy, people will be earning lower incomes that will result to a decrease of consumer spending. Businesses then will be forced to lower the prices of their goods that will eventually cause a deflation …show more content…

These are courses of actions used in the development and implementation of business continuity plan which are approved, documented and funded by the management of the organization. The results of the business impact analysis will be supported by the business continuity strategies (Kildow). Some of the emergency situations that can be covered by the continuity strategies are denial of access, failure of infrastructures and personnel or key resources loss (Burtles). The BCM strategy covers the general issues that ensures the protection of an organization's capabilities to provide ways in continuing its business activities. At the level of corporate strategy in this new economy, the board has to be clear what are the paths that the company should be following

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Continuity software has multiple range of products like AvailabilityGuard/Enterprise, AvailabilityGuard/Cloud, AvailabilityGuard/Cluster, AvailabilityGuard/SAN all of the product offerings from Continuity software are geared towards ensuring that organization stay protected with loss of data in any form. AvailabilityGuard provides a lot of features for enterprises to overcome disaster situations. AvailabilityGuard Dashboard :- A unique dashboard which provides complete insight into every department in an organizations like IT, Security, Finance, marketing with necessary details to get them back and working after a disaster. Automated alerts and notifications: AvailabilityGuard provides automated alert notification to businesses and IT teams, when a data loss risks are identified in the system which will avoid costly recovery

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Since the money was tied to gold reserve, and the amount of this metal was limited, there occurred a shortage of money, and hence the shortage of effective demand for goods and services. Further, in the chain reaction: a sharp drop in prices for goods (deflation), bankruptcy of enterprises, unemployment, protective duties on imported goods, fall of consumer demand, and a sharp drop in living standards. before the beginning of the Great Depression the rate of the U.S. gold reserve growth was slower than the development of economy. This led to the emergence of hidden inflation, as the government printed new money for the rapid growth of the economy. Thus, as Edsforth states the dollar’s gold supply was undermined, the budget deficit grew, and the Federal Reserve System lowered the discount rate.

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Now if the economy went into another deep recession like the Great Recession, it wouldn't be enough to drop the interest rate interest rates to negative 1%. The Fed would have to use unconventional monetary policy tools along with this interest rate drop in order to move the U.S. economy in the right direction. Image

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https://www.thebalance.com/what-is-gdp-definition-of-gross-domestic-product-3306038 The definition of GDP: Gross domestic product is how we can measure a nation’s economy GDP can refer to the size of an economy, and it’s a great tool for comparing economies of different countries GDP is separated into quarters at the beginning of the year. In the last quarter, GDP usually endures a sharp increase. Why? How does GDP affect you?

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This report is intended to highlight the external environmental factors that counteract and/or contribute to the success of the University of Maryland’s objectives. The University of Maryland (UMD) is a highly accredited public university in the state of Maryland. Established in 1856, UMD has emerged and developed into an industry that that offers thousands of diverse educational programs at various student status levels; such as undergraduate and graduate. Although each program is grouped into different departments that offer their own version of objectives and goals, the ultimate goal is to address the University’s mission statement: “The mission of the University of Maryland, College Park is to provide excellence in teaching, research,

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As an asset, the BCM uses a baseline and measurements to evaluate the effectiveness of the behavioral changes. The model measures how the organization was performing before the consultation, several times during the consultation, and at the end of the consultation process. The BCM is a problem-solving consultation process based on changing behavior. It is a model that uses a consultation process

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The Great Recession started for the United States in December of 2007 and lasted until June of 2009. This was the worst recession in U.S. History since World War II. During this time, there was a 6.1 % loss in jobs, due the job shortages about 27 million people we either unemployed or underemployed. This affect the age household many people household income dropped increasing the poverty in America. In economics, a recession is a decline in economic activity affecting Gross Domestic Product or GDP for at least two consecutive quarters causing negative economic growth (Downes and Goodman).

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One example is housing. Home prices will lower because people won’t be able to obtain larger mortgage loans because of higher interest rates. Buyers will be putting more money towards the actual interest that is accrued on the mortgage debt. As new home prices lower, the value of existing homes decrease. As this decrease continues, the value of a home falls below the mortgage debt of that house.

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The third way would be when the government buys bonds and “sits” on them. This takes money out of the economy, causing a decrease in consumption, investment, and aggregate

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The awakening of the Great Recession was signaled by the burst of the housing bubble where individuals found themselves in heavy debt due to a fall in the prices of their assets–a decline in housing wealth and income. The burst of housing bubble shrank GDP below its 3% average which resulted in a contraction of residential investment that reduced overall demand for goods and services in the economy by roughly $420 billion. This financial crisis had the central bank and government authorities in search for the most effective way to resolve the large loss in GDP and increase in unemployment as well as stabilizing the economy. Expansionary measures in both monetary and fiscal were undertaken, and these policies were successful in recovering the

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Business Impact Analysis Darryl E. Gennie Professor Kevin Jayne Augusta CIS 462 23 August 2015 Strayer University The purpose of a business impact analysis (BIA) is to assess the impact that a disruptive event would have on an organization. A BIA has three primary goals: determine criticality, estimate maximum downtime and evaluate resource requirements (FFIEC IT Examination Handbook, n.d.).

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II. Rural Planning and Social Legislations: The Protestant Church and Social Welfare in Rural Canada The first two articles clearly demonstrated a conflict of interest based on the reformers assumptions that the rural society would benefit from progressivism. Nancy Christie and Michael Gauvreau’s article presents this argument by highlighting the role of the Protestant clergymen in ushering a social reform movement based on their issues with rural leadership. The motives behind the social reform initially began with the concern of the Protestant clergymen in increasing rural church attendance, but eventually shifted towards a movement for community reconstruction and social planning towards progressivism.

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According to the monetary policy intervention model, higher interest rates, decreases money available and consumer spending. This lowers aggregate demand in the economy. Or vice versa, lower interest rates will stimulate the economy with higher spending, increasing demand.

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Nations should now act to embrace new metrics urges Robert Costanza (Costanza and Costanza 2014). Robert F Kennedy once mentioned that GDP measures everything except that which makes life

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1729 Words | 7 Pages

Inflation is the rate at which the general level of prices for goods and services is rising, and, then purchasing power falling over a period of time. When price level rises, dollar buys fewer goods and services. Therefore, inflation results in loss of value of money.

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