...each and every day, a business needs to have a business continuity and disaster recovery plan activated and ready to be implemented in case of disaster or emergencies. These plans are related practices that establish a platform for an organizations preparation for any possible unforeseen risks to contained operations. The plans are organized to help the organization recover if any disaster occurs. The plans outline of each action a business or particular employees to help restore any of the company’s critical operations that have been interrupted during or after a disaster or occurrence. The objective for a successful disaster recovery is to have a business continuity and disaster recovery...
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...Sales and Operations Planning Main Street August 7, 2009 Company Presented by: LOGO - PCI Associates President Adjunct Instructor – IU Kelley School of Business - IUPUI John S. Pennington Why Plan? Planning is a strategy for survival. Planning can be anywhere on the spectrum from the dream to the nightmare. PCI Associates 2 Why Do Organizations Plan? To anticipate and prepare for the future To ensure adequate and available resources To complete projects on time To avoid problems To establish backup plans To ensure we don’t forget tasks To determine potential results PCI Associates 3 What’s The Alternative? The alternative to planning is NOT planning, & businesses that do not plan are extremely difficult to control and manage: EXPEDITING is endemic Drift from Crisis to Crisis Priorities change from minute to minute High Stress diminishes customer service Costs are difficult to contain PCI Associates 4 What needs to be planned? Resources Information Systems Finances Services Products Materials Labor Equipment Facilities 5 PCI Associates SALES AND OPERATIONS PLANNING PCI Associates 6 Sales and Operations Planning All functions are aligned on one business plan CUSTOMER Strategic Plan Business Plan Sales and Operations Planning (Integrated set of Numbers) Mfg. Lab Finance HR Sales & Mktg. Aggregate Sales Plan Key Accounts Recruitment and Training Plans Territories Prd’n Plan Master Schedules Inventory Plan Raw Material...
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...Operational efficiency is performing operations tasks well, even better than competitors. Strategy, on the other hand, is a plan for competing in the marketplace. Operational efficiency and strategy must be aligned; otherwise, you may be very efficiently performing the wrong task. The role of operations strategy is to make sure that all the tasks performed by the operations function are the right tasks. These include developing an understanding of what business the company is in (the company’s mission), analyzing and developing an understanding of the market (environmental scanning), and identifying the company’s strengths (core competencies). _Mission A statement defining what business an organization is in, who its customers are, and how its core beliefs shape its business. Environmental scanning Monitoring the external environment for changes and trends to determine business opportunities and threats. What Does Environmental Scanning Tell Us? Environmental scanning allows a company to identify opportunities and threats. For example, through environmental scanning we could see gaps in what customers need and what competitors are doing to meet those needs. forming partnerships with international firms, called strategic alliances _Core competencies The unique strengths of a business. Core Competencies The third factor that helps define a business strategy is an understanding of the company’s strengths. These are called core competencies...
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...Running head: DEVELOPING A STRATEGIC BUSINESS PLAN DEVELOPING A STRATEGIC BUSINESS PLAN Student Name: Tutor’s Name: Submission date: Developing a Strategic Business Plan A strategic business plan is a tool developed in preparation for establishment of a new business ventures and additionally, in improving business operations. Kolter (2009) stresses the importance of this tool as a prerequisite to business modeling. However, it is likewise important to understand what constitutes a strategic business plan before attempting to develop one. A strategic business plan takes into consideration all the variables that affect business performance. This includes internal and external variables. Kaye (2007) states that a strategic business plan must incorporate all the likely variables regardless of the magnitude of effect associated with them. An effective strategic business plan can be defined as one which identifies, analyzes, and draws conclusions with respect to variables that dictate business equilibrium shift. Such a plan is constituted of three important elements, namely: resources available, market scope and business operations (Kolter, 2009). Resources determine how successfully a business operates. This includes financial resources, human resource, and material requirements. Strategic business plans help an entity in determination of staff requirements, financial obligations, and raw materials required in advance making it possible for easy budgeting...
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...The Cost of Business Continuity Planning Versus the Potential of Risk Though the cost of mitigating risk can be high, the lack of proper business continuity planning and disaster recovery planning will leave a company is at risk of a catastrophic loss of revenue due to the loss of the Information Systems. Any company that relies on its Information Systems for their operations should invest the time and revenue in developing an efficient and effective Business Continuity Plan (BCP) and a Disaster Recovery Plan (DRP). This study will compare the differences in what a Business Continuity Plan is used for and what a Disaster Recovery Plan is used for. Additionally, it will evaluate the risk having a Business Continuity Plan and Disaster Recovery Plan versus accepting the potential loss of revenue and business in the event of a disaster. It is important to any company that uses it Information Systems to generate revenue. If a company is effected by a disaster, the longer a company takes to respond to the emergency and recover its resources, the more time it will take the company to get back to normal operations (Harris, 2013, p. 887). As history has shown, our world has and will continue to experience many destructive events such as, floods, earthquakes, terrorism, hurricanes, and many other catastrophic events that could cripple a company that is not prepared. Disasters are uncontrollable and over time, every organization will have to deal with the fallout of a disaster. Three...
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...IA2: Business Continuity Plan for Information Technology CSEC 650 University of Maryland University College Abstract Business contingency and continuity of operations plan are vital to business, especially those reliant on digital media. Whether through nature events or the more likely interruption of computer systems and networks, a disruption of any type is a serious business concern. A disruption can harm operational revenue, services, supply-chain, and reputation. Any of the preceding effects from a disruption could possibly be severe enough to mean the end of business as a going concern. To avoid severe or long term damaging disruption, a comprehensive contingency plan can provide a guide for how resources and personnel will be allocated in the event of a crisis. Keywords: Business Continuity Plan (BCP), Information Technology, contingency plan Table of Contents Business Continuity Plans 4 Planning Steps 5 Business Impact Analysis 6 Recovery Strategies 8 Data Backup 10 IT Personnel Training 10 Alternate Site 11 Contingency Plan Development 12 Training and Testing 13 Recommended Training and Testing 14 Test Schedule 15 Summation 17 References 18 Business Continuity Plans Greater numbers of businesses now must consider the protection of their computer information systems as a vital aspect of their operations. Even as organizations became ever more reliant on computer systems over the past several decades, information technology (IT) contingency planning was not...
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...UMT MGT190 Business Plan Introduction When venture capitalists are asked what they consider most carefully when deciding whether or not to fund a new venture, they consistently respond: “We are most concerned with the quality of the management team and the quality of the business plan.” The business plan is an important component of a business start-up. It forces the business owner and his/her management team to reflect seriously on the goals of their venture and the steps necessary to launch and maintain it successfully. The very act of constructing a business plan offers an important learning experience to the business owner, because it requires him/her to take a comprehensive view of all aspects of the new venture: organizational, financial, marketing/sales, legal, operational, and IT. Outside investors find the business plan to be important because it offers them a revealing picture of how the new venture will be organized and what it will achieve. Of equal importance, the business plan enables them to determine how effective the owner and his/her management team will be in launching and maintaining the venture. If the business plan is poorly written, inconsistent, and unrealistic, then the investors will not fund the venture, because they know that it will likely fail. If you cannot write a compelling business plan, then it is unlikely that you will be able to establish a viable business. On the other hand, a wellcrafted, compelling, and realistic business clan suggests...
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...concerned with the quality of the management team and the quality of the business plan.” The business plan is an important component of a business start-up. It forces the business owner and his/her management team to reflect seriously on the goals of their venture and the steps necessary to launch and maintain it successfully. The very act of constructing a business plan offers an important learning experience to the business owner, because it requires him/her to take a comprehensive view of all aspects of the new venture: organizational, financial, marketing/sales, legal, operational, and IT. Outside investors find the business plan to be important because it offers them a revealing picture of how the new venture will be organized and what it will achieve. Of equal importance, the business plan enables them to determine how effective the owner and his/her management team will be in launching and maintaining the venture. If the business plan is poorly written, inconsistent, and unrealistic, then the investors will not fund the venture, because they know that it will likely fail. If you cannot write a compelling business plan, then it is unlikely that you will be able to establish a viable business. On the other hand, a well-crafted, compelling, and realistic business clan suggests that the owner and his/her management team know what they are doing. This assignment has you put together a short business plan. In constructing it, follow the outline provided later in this guide. As...
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... Unit Number: Unit 34: Operations Management in BusinessAssessor/Tutor : Nicholas Kelly | Registration Number : GCD 3389Learners Name: Kondwani MandeInternal Verifier (s) : Tracey Gallagher | | | Contents OPERATION MANAGEMENT IN LARGE BUSINESS 3 McDonald’s 3 Business Model 3 Mission Statement 4 Vision 4 SWOT Analysis 4 Learning Outcome 1: Understand the nature and the importance of Operations Management 8 1.1 The importance of operational management 8 Examples of operations management in McDonald’s 9 1.2 Assess the operations management in terms of production of goods and services safety, on time, low cost, quality and within the law 11 Production of goods and services safely 11 Production of goods and services on time 12 Low cost 12 Quality and within the law 13 1.3 Significance of links between operation management and strategic planning 14 1.4 Operations management system diagram 17 2.1 The impact of “Three E’s” (Economy, Efficiency and Effectiveness) make on operations management 18 Economy 18 Efficiency 18 Effectiveness 19 2.2 Identify any measure adopted for cost minimization and quality maximization 19 Measures for cost minimization and quality maximization 21 2.3 Evaluation of the significance of the five performance objectives 22 Learning Outcome 3: Understand how to organise a typical production process 25 3.1 How linear programming can assist to make operations management more effective 26 ...
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...[pic] Business Plan Template Please include the following three things at the beginning of the business plan: |1. |Cover Page | |2. |Table of Contents | |3. |Executive Summary | Cover Page Please mention the title as `Business Plan' in the Cover Page and include the followings: |1. |Name of enterprise | |2. |Name of entrepreneurs | |3. |Logo of the Company (if any) | |4. |Address (Office & factory) | |5. |Phone / Mobile no. | |6. |Fax | |7 |E-mail | |8. |Website | Table of Contents |Sl |Content |Pages | |I |Executive Summary | | |II |Brief Description of the Business | | |III |Description of Product/ Service | | |IV ...
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...Company Virtual Solutions Inc. Foundations of Business Continuity Management Table of Contents Executive Summary 3 Introduction 5 About Company Virtual Solutions 6 The Current Status of Business Continuity Planning 6 Historical Context 6 The New Plan 8 Using Recovery Planner 8 Configuration for TPT 9 Presentation 9 Compliance 10 Comprehensive Planning 10 Leadership Approval 12 The Plan Strategy 12 Team Structure 12 Figure 1: The Business Continuity Plan Team Organizational Chart 13 Emergency Management Team 13 Business Continuity Team 14 Business Unit Teams 15 Fly Out Teams 16 Fire Teams 16 The Four Phases of the Plan 16 Figure 2: The four phases of the Plan 16 Phase I - Appraisal 17 Phase II – Recovery Coordination 18 Phase III - Production 18 Phase IV – Site Restoration 19 Business Unit Plan Structure 20 Alternative Sites 21 Planning Refinement Recommendations 22 Risk Assessment 22 Business Impact Analysis 22 Emergency Response 23 Disaster Recovery 23 Testing and Restoration 24 Future State 25 Comprehensive Business Planning 25 ACP Workflow Planning 26 Awareness and Training 27 Maintaining Support 27 Projected Timeline 28 Figure 3: Projected Timeline 29 Tasks 29 Conclusion 30 Sources 31 Appendix...
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...2.3 Data Systems Risks 2.2.4 Departmental Risks 2.2.5 Desk-Level Risks 2.3 Building the Risk Assessment 2.4 Determining the Effects of Disasters 2.4.1 List of Disaster Affected Entities 2.4.2 Downtime Tolerance Limits 2.4.3 Cost of Downtime 2.4.4 Interdependencies 2.5 Evaluation of Disaster Recovery Mechanisms 2.6 Disaster Recovery Committee 3 Disaster Recovery Phases 3.1 Activation Phase 3.1.1 Notification Procedures 3.1.2 Damage Assessment 3.1.3 Activation Planning 3.2 Execution Phase 3.2.1 Sequence of Recovery Activities 3.2.2 Recovery Procedures 3.3 Reconstitution Phase 4 The Disaster Recovery Plan Document 4.1 Document Contents 4.2 Document Maintenance 5 Reference 1 Executive Summary Disasters are inevitable but mostly unpredictable, and they vary in type and magnitude. The best strategy is to have some kind of disaster recovery plan in place, to return to normal after the disaster has struck. For an enterprise, a disaster means abrupt disruption of all or part of its...
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...Connecting business strategy and operations Michael Donovan Tags: lean manufacturing Most companies have a strategic plan. However, over the years I have seen it time and again. Strategy, although perceived by some as defined, is largely misunderstood across the organization, not tied-in to operations and therefore poorly executed in operations and as a result ignored as the hour-to-hour, crisis-to-crisis mode of management becomes more firmly entrenched. Does your company have an operations strategy developed and being executed to carry the strategic plan? In all likelihood, the answer is no. The most common missing ingredient to success in companies I have seen over the years is a well-planned and defined action plan for improvement that is being consistently and constantly well-executed. The symptoms can vary but, in essence, what is missing are: well-defined and agreed-upon business goals, operational objectives, action plans and performance measures. As a result, some functions within the company are often diametrically opposed to one another and operate in a way that makes meaningful business performance improvement nearly to outright impossible. Companies need a way to focus and stay focused. They need, in effect, a well-defined and well-executed strategy and action plan. No strategic plan in and of itself can help a company change and move ahead to capture more market share, improve products, increase customer satisfaction, or whatever is recommended within...
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...DRP / ECP Disaster Recovery Plan Enterprise Continuity Plan This presentation will explore the different parts and pieces necessary for a successful Disaster Recovery Plan / Enterprise Continuity Plan. More specifically, this presentation will provide information needed to garner and bolster support for such a plan from the university’s executive team. A well prepared, maintained and rehearsed recovery and/or continuity plan should have the ability to keep the university up and running throughout any type of disruptive event. DRP/ECP Team Members & Roles ● ● ● ● ● ● ● ● ● ● Crisis Management Team Administrative Support Team Damage Assessment Team Recovery Coordination Team Corporate Communications Team Human Resources Support Team Site Restoration Team Transportation Support Team System Restoration Team Voice Recovery Team and End-User Tech Support Team The Crisis Management Team should be a cohort of upper level management that will be responsible for all significant decision making in response to the current event. Only specific members of the Crisis Management team should be authorized to declare an emergency and decide on the appropriate action. Key responsibilities of this group include: analyzation of preliminary reports, disaster declaration, determination of appropriate response, activation of contingency plans and notification of team leaders (Hiles, 2010). The Administrative Support Team includes representatives from all major departments who can provide...
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...In a business continuity plan (BCP), people knowing what needs to be done and who will do it, is BCP 101. Have you ever heard of only one person responsible for all BCP operations? The BCP is a team effort, remember BCP is not only about IT equipment. Looking at BCP, does all emergencies occur during the beginning of the shift? When is a flood going to happen, only at 8 a.m. in the morning? BCP main function is to notify people that need to restore operations. One of the articles I found was The Role of Communications Planning in Business Continuity. They outlined four critical parts that communications have in the BCP, notification, verifications, stabilization, and recovery. If the people do not know the plan, in a real situation, business...
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