Benefits:
Productivity gains the process of reaching an agreement (productivity agreement) through collective bargaining whereby the employees of an organization agree to changes which are intended to improve productivity in return for an increase in pay or other benefits, so it is a process which advances and develops a system which enhance the business. Like the online shopping system have been introduced by the Bag of Toys for its customers to purchase items and services online from their homes with great easiness. However, in the era where there was not internet and no technological advancements have been made in the web and IT, the people were not able to go for online shopping and to purchase services online because of lack of resources. The only way to buy products and
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The profit level would go down and the organization will lose the customers and their satisfaction. This will be a negative impact on the business and would cause a bad reputation among the customers and other competitive firms can make advantage of such situation because of the lack of the disaster recovery plan.
Another disaster Bag of Toys could suffer from is the corruption of the system. In this way the organization will lead to lose the information about the customer and all related data. The recovery plan can avoid such situation. The recovery plan may contain all the backup of the system into another system which is safer and could be used when the system is crushed or down or corrupt. In this way they would be able to back up their customer data and to recover their system.
However, if the Bag of Toys did not have such recover plan then they will have to recollect the customer data which is time consuming and it will affect the business overall. They will lose the records of the profit and the research would be
Developing backup procedures, implementing company-wide, recovery plans need to be developed and offsite backup locations should also be considered
Firstly, Disaster Recovery, this is a procedure that needs to be implemented in the case an accident occurs within an organisation that may result in the loss of data, for example fire/ water damage. This is when a plan needs to be applied to allow the recovery of data; an example of this could be recovering the backup files, installing new equipment and uploading the backup on the new network. For this to be effective this recovery policy relies on backups to be done regularly, otherwise recovery would not be eligible. The disaster recovery policy is highly beneficial and important as it saves not only the organisation but their money and reputation.
According to the article, How to Successfully Implement a Disaster Recovery Plan on ameinfo.com, “most major organizations are running critical enterprise applications such as Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM). These applications are integrated across the enterprise to such an extent that they touch everyone from employees and customers to suppliers and partners, and they are the backbone and life-blood of the organization” (ameinfo.com, 2003). Implementing a good disaster recovery plan is highly imperative to ensure business continuity. However, one of the biggest challenges is convincing business leaders to recognize the need and fund the change. An organization should be prepared for all forms of disasters and catastrophes and have a disaster recovery plan in place that will allow the system should function normally under any of these circumstances. This alone will provide a huge competitive advantage and allow the organization to remain functional during potential down times. Natural or any other form of disaster is something that cannot be predicted and the company should be well prepared to deal with any untoward incidents. Any business utilizing IT systems should have proper backup and restoration methods to reset the system in case of emergencies.
The purpose of the Disaster Recovery Plan is to establish the critical business processes that require protection in the event of a natural disaster. Further, this plan will analyze the internal, external, and environmental risk that pose a threat, and provides a means of testing the preparations to ensure the functionality of the plan.
Disaster recovery is the process of an organisation uses to recover access the data, and also hardware that are needed to recollect the performance to be in normal position after a disaster occurs. While disaster recovery plans have to be focus in every aspect in any organisation and bringing the gap closure after destruction it can be like data, hardware, or software have been lost and the manpower that composes much of any organisation.
What would your business due if a major catastrophe happened? This could be anything which disrupted your business. A flood comes through and damages your warehouse. A hacker attacks your main server and corrupts your client database. Your partner suddenly decides he no longer wants to be in business. All of these major events can disrupt or even close your business down.
Disasters have become an inevitable part of businesses and organizations as well. They not only have a major effect on business and organizational continuity; they also result to an overhaul in organizational operational mechanisms (Awasthy, 2009). It is for this reason that many organizations and business resort to preparing business continuity plans and disaster recovery plans that will facilitate better disaster management in future. Effective disaster recovery plans are important to every business and organization (Thejendra, 2008).
Justice Floral Distribution has successfully been in business for 2 years now. To insure that the company remains successful we need to create a disaster plan. It has recently come to my attention that we do not have one and it is crucial that we create one as soon as possible. In case of an unforeseen event, which can bring our production to a halt our company needs to recover as rapidly as possible to continue its services to its clients. Not having a disaster recovery plan in place can put the company at risk of high financial costs, reputation loss and even greater risks to our employees.
In 2011, IBM reported that only 6 percent of companies incurring a "major loss of business data" would be long-term survivors, while 43 percent would never reopen and 51 percent would close their doors within 24 months. Many of these companies no doubt felt that they had a viable disaster recovery plan, but they failed to realized that disaster recovery is only part of an effective business continuity plan. A disaster recovery plan is simply the process of ensuring that data can be recovered in the event that system data is lost through physical destruction or an issue with software such as a virus. A business continuity plan encompasses the preservation and recovery of data, but it also includes planning for the absence of a key staffer, disruptions in your supply chain or other issues that your business might face.
Hurricane Sandy was much larger and more destructive than anyone could have predicted. Besides the tragic loss of life and families displaced, much of lower Manhattan and large parts of the surrounding areas on Long Island and New Jersey are destroyed, flooded, burned down, and made otherwise unusable. Unfortunately with Sandy many companies did not have a well defined disaster recovery plan or the plan did not prepare for such a devastating storm with mass flooding, power outages, and vast wind damage. Important Lessons: Every business no matter how small should have a disaster recovery plan that, depending on the business, should think about what is needed to resume business if a disaster occurs, including:
In some ways, you will never know the effectiveness of your disaster recovery plans until they need to take effect. This sobering reality keeps many a CEO up at night. Still, you can take steps to ensure that, should the worst happen, your company can retain its structure and data integrity. Take time to analyze your plan, and make sure you are ready when disaster strikes.
Devising a disaster recovery plan for your system is a big undertaking, there is a lot of information analyze and options to consider. It is important for any plan to start with the basics and keep adding more options to the plan over time so that it will become stronger and more reliable. To start off this plan the user must define what is important to keep the business running such as email and application access, database back-up, computer equipment or how quickly the company reacts to a post-disaster and is back up and running. There are other key plan components to consider is who within the company announces the disaster, how are the employees going to be informed that a disaster has occurred within the company and how fast can they be told to try and fix the disaster as quick as possible, and how the communication with customers to tell them
The participants provided informed consent and were notified of the potential risks and benefits of participating in the study before being introduced to the research material. In addition, the consent form consisted of the main purpose of the study, the number of participants, the duration of the study, the procedures, the alternatives, the confidentiality ensured the costs, the rights to decline or withdraw from the study, the researcher, Rachel Ritchie’s contact information, and the participant agreement to perform the study. Also, the participants were split up by less preferable, more preferable and neutral. Consequently, this describes the research study which is about children play with toys and later must rank them. While the
Owning a business can have many stressors day to day. When starting a business there is a lot of planning and preparation involved. Many small businesses are owners who have put their own money into the business and look at it as an investment. Unfortunately with all the planning that goes into starting a business, one thing is often over looked. Most of the time the “what ifs”, are not part of the planning stage. One reason for this is that people do not like to think of the bad things that could or may happen. So with all the time and planning put into starting a business why not put some extra thought into a plan B if a disaster strikes? This plan B could be a business continuity plan or a disaster recovery plan. Business continuity plans are an essential part of the modern day business. There are so many potential disasters for small businesses that could seize the production or even close the business down for good. A recent study from Gartner Inc., found that “90% of companies that experience data loss go out of business within two years. It also found that 80% of company owners have not thought about how they would keep their businesses up and running if a data disaster occurs.” According to the Association of Records Managers and Administrators, “about 60 percent of businesses that experience a major disaster such as a fire close