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Business Continuity Management

835 Words4 Pages

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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