Business Continuity Plan for a chosen organization Introduction Business Continuity Planning mainly involves the creation of a system that can prevent a potential disaster or threat. The purpose of creating a BCP is to ensure that assets of the organization are protected, and key stakeholders play an essential role in preparing the plan. Here, a BCP shall be prepared for an IT company that hosts several servers for thousands of clients. The basic activities that BCP can manage effectively shall be outlined. Following that, plans will be prepared for relocating the office to an alternate site. The total expenditure comprising of necessary activities and costs shall be outlined as well. BCP for the organization Cantey Technology, a reputed IT company based in South Carolina, hosts servers and has thousands of clients (Cantey Technology, 2020). It is natural that the business would face issues in its operations in case of any fire-related incident. The network infrastructure and computer hardware are at-risk position. The entire operations of the firm might get hampered if the infrastructure gets damaged due to sudden fire. The…
Business Continuity:BCP for a selected financial institution Introduction An organization operating in the digital age might face potential threats due to natural or human-made disasters. BCP or Business Continuity Planning helps in resolving or preventing the threats and protecting the digital as well as the physical assets of the firm. Therefore, a BCP involves assessment of risks, implementation of safety procedures, and review or monitoring of the process. Here, A BCP shall be prepared for Wells Fargo & Company, a US-based financial service provider. Thereafter, the fundamental activities managed by the plan shall be outlined. A plan for an alternate site for relocation shall be considered, and an approximate budget will be illustrated outlining the costs and activities. BCP for a financial institution Wells Fargo has been one of the leading providers of financial services in the US for the last 160 years. It is headquartered in California, US, and considered the fourth leading bank in the country (Wellsfargo.com, 2020). It committed to serving small businesses and offers mortgages, investing, commercial services, and credit cards to clients. Consequently, online operations…
Business Continuity and Disaster Recovery Plan The Hurricane Katrina disaster affected many organizations causing damage. One of the companies affected by the disaster is Direct NIC, domain registration and web hosting company in New Orleans. The disaster did not affect the main centre of the company because it was on the 11th floor, but the support team was displaced from New Orleans to Houston. The organization was not prepared for the unexpected since most of the remote centers were affected severely, and the structure damaged displacing the support team. The company lacked written business continuity and disaster recovery plan that helps to ensure business resumes operations efficiently and also recover property and save employees’ lives (Bradley, 2015). Hurricane Katrina was a disaster that triggered the Direct NIC Company to realize that they were not ready to respond to any disaster. An employee shared the experience in a live stream, explaining how horrific the disaster was. The employee explained that they did not understand the best approach to save the organization resources and also their life safety. The company IT infrastructure…
Business Continuity Planner Project Introduction In today’s rapidly changing environment, encountering risks and identifying threat areas for businesses operating in different industries is gradually becoming a norm. This development is facilitated by the emergence of the concept of Business Continuity Planning (BCP). BCP allows businesses to resume operations after a negative impact(s) brought about by unfavourable circumstances (Austin, 2017). These circumstances may range from significant disasters such as infernos and earthquakes to less threatening events such as loss of network resource and power outages, that can quickly escalate from minor emergencies to full-blown disasters (Federal Emergency Management Agency (FEMA), 2013). BCP allows businesses to protect themselves and recover from hazards. Goals and Objectives The primary purpose of this BCP is to reduce the impact of disasters/hazards on the overall performance of businesses, prevent loss of life, and minimize the damage of business property. This activity includes: Effectively reduce the number of decisions to be made in the event of a disaster Eliminate over-reliance on a single individual during a disaster Minimize trial-and-error actions during a crisis; and Reduce the need…
Business Debt Financing Debt financing is the method of raising extra capital that is used for funding many projects designed by institutions. Governments borrow money from the public by selling government securities and treasury bills (Godlewski, 2008). It can also raise money by borrowing from international monetary fund institutions, for instance, word bank, global monetary fund, global Bank for Reconstruction and development to supplement the existing money. Business institutions borrow money from banks, issuers, selling debentures to mention a few to fund their objectives. The paper analyzes syndicated loans that are issued out to a group of investors and businesses to assist them to fulfill the financing functions of the Company. A case study of Broadcom company, an American company that deals with manufacturing products, infrastructure software, developer, and designer, acquired Qualcom for $121 billion. The enterprise sought $100 billion from great financial institutions, for example, BMO Capital Markets, RBC Capital markets, Deutsche Bank, Scotia Bank, Bank of America Merrill Lynch to buy qualcom. Syndicate loans Loans issued to governments and businesses to fund large investment projects (Fight, 2004).The liability…
fitness industry In recent years, the fitness industry has grown to be massive. For instance, in the year 2013, the sector generated more than $75 billion as revenue (Lembo, 415). Studies have revealed in countries like the United States, and other European countries, about 30% of adults undertake fitness sessions sometimes, while 60 percent perform frequent fitness-related activities (Thompson, 10). The term “fitness” can take a double trajectory. On the one side, it can be recognized as an activity in the world of sport. On the other hand, fitness may be viewed as a sport that can be embraced by individuals in pursuit of leisure, or otherwise to enhance the general wellbeing (Lembo, 415). The Cambridge dictionary defines fitness as the state of “physically strong and healthy” (“Meaning in the Cambridge English Dictionary,” n.p). The terms fitness, exercise, training, and physical activity are intertwined and often confused or used in place of the other. Over the years, there have been advancements in economic status and demographics of the human population, which in turn has provoked the diversification of the meaning…
Interpersonal Communication, Self-concept, and Perception Interaction plays a very vital role in our day-to-day encounters. For instance, in the work environment, the workforce consistently uses interpersonal communication to convince their employer to grant them some time off, negotiate with customers, or even when comforting a colleague (Center for English Language Communication, 2011). Some principles argue that; interpersonal communication is irreversible, involves ethical choices, and it is unavoidable influence the nature of interpersonal communication. This paper aims at understanding how the principles of interpersonal communication affect personal and professional relationships. The article will further establish the impact of perception and self-concept on interpersonal communication. Interpersonal communication is a mutual meaning among people. Interaction among people entails figuring out what others’ behavior or words imply or signify rather than a mere exchange of words (Wood, 2016). Interpersonal communication satisfies diverse individual needs. Self-actualization and personal growth are among desires fulfilled during interactions (Wood, 2016). Some principles underpin interpersonal communication: interpersonal communication is irreversible, involves ethical choices, and is unavoidable (Wood, 2016, pp 28-29).. According to Wood (2016), Interpersonal communication is irreversible. This…
issue of social media in Dakwah by One Day One Juz (ODOJ) In this article, Nisa discusses the issue of social media in Dakwah by One Day One Juz (ODOJ), which inspires Muslims to recuperate the spirit of Quran reading through the use of mobile application known as WhatsApp. The author argues that only those interested in getting broader Islamic understanding in Indonesia appears to a social-religious movement through the aid of social-based networks and social media. The article discusses that WhatsApp has made rise to the birth of semi-virtual Quranic movement as entrenched in the Tarbiyah movement, unlike in Indonesia, where the Islamic movement that connects global networks to harken the influence. Additionally, the author argues that ODOJ has depended entirely on technology since its inception, thus demonstrating the ability to crat and generate the new semi-virtual social -religion movement. Nisa, suggest that the ODOJ has portrayed a different picture on the Islamic public of their imperative understanding of the use of religious media-scape in Indonesia. This article investigated the key actors by use of interview conducted in a…
Retail Sales Representative or Sales and Marketing Representative Interview Questions What is the key to success when communicating with the public? The key is to speak clearly and confidently. This ensures that the audience gets the message clearly and demonstrates your knowledge on the subject. Share an experience you had in dealing with a difficult person and how you handled the situation. In Melbee Fashion, I had to deal with a customer who kept trying on every piece of jewelry. The entire process took more than an hour, but I remained calm. Eventually, she bought a pair of earrings. Share an experience in which you successfully shared a difficult piece of information. (Make sure that the candidate has open lines of communication.) In Melbee Fashion, I was left in charge of everything as the rest of the employees went for a lunch break. One customer was viewing one of the most expensive rings on display. Before long, she was gone, and so was the ring. I reported the incident to the boss, who deducted the ring’s worth from my salary…
Culture and Strategy The terms are prevalent in corporate firms, closely intertwined, and are effected for a winning combination. They are entangled since culture complements strategy by expressing a firm’s goals through values, behaviour, and attitude, thereby reflecting the company’s goals framework provided for in the approach. Both lie primarily at the top leaders’ responsibility of maintaining organizational effectiveness and viability. Whether Klein is trying to implement a Hybrid of Bureaucratic and Clan Control In the realignment of the M R O industry, A P Nichols features a bunch of factors that require change, among them profitability. Regarding profit change, Nichols proposes organizations ought to measure proceeds in financial ratios such as return on assets, return on equity and gross profit margin, and focuses on market control management system. The analyst views the profitability level as a factor highly dependent on the income statement reports of the operational outcomes of a firm. Klein company is indeed effortful to implementing a hybrid of the bureaucratic system and clan control. The statement is true since the management system of Klein company uses…