Criticisms of Globalization: Growing Income Inequality
More Losers than Winners The previous articles in this module covered the topic of globalization in depth. Some of the points of discussion were about how globalization has succeeded in lifting millions of people out of poverty. While accepting this fact, it is also the case that globalization has created income inequality which when coupled […]
Limitations & Disadvantages of Decision Support Systems
Limitations of Decision Support Systems Decision support systems have been incorporated into businesses to support human intelligence for years. However, these systems are not perfect. Although DSSs stop a decision maker from promoting a bias, they simply aid in decision making by offering useful insights into easily consumable bites. The idea is to present all […]
The Impact of COVID-19 on Start-ups
Startups had become an important part of the modern economic system. Most of the companies which have achieved billion-dollar valuations in the past few years have come out of the startup ecosystem. Companies like Uber, Twitter, Facebook, and Airbnb are testimony to this fact. The startup system has often been viewed as a risky place. […]
The Future of BPO (Business Process Outsourcing) in India
India has emerged as a hot destination for BPO work in recent years. The success is mainly due to the fact that there is a ready availability of large numbers of resources fluent in English and the diligent and hardworking efforts put in by the companies in India that do BPO work. Further, the fact […]
Project Management – Definition and Important Concepts
Project Management is the art of managing all the aspects of a project from inception to closure using a scientific and structured methodology. The term project may be used to define any endeavor that is temporary in nature and with a beginning or an end. The project must create something unique whether it is a […]
Drawing up a good Disaster Recovery plan and a Business Continuity plan involves the senior management of the Organization as well as the working staff and managers at various levels. While the management is responsible for giving the importance, focus and credibility to the DR & BC plans as well as providing the resources through budgets, the staff and all functional managers have a major role to play in lending their depth of knowledge, understanding and experience in estimating the risks as well as in drawing up the recovery implementation plan.
A good DR or BC plan should define and enumerate the following:
This section should clearly explain the various scenarios which qualify as a crises or a disaster to initiate DR & BC action plan. Every single event or occurrence in terms of a small fire or a system shutdown due to network failure or power situation need not qualify for a crisis if the impact is limited to a small department or section and can be set right within a short time. Therefore qualifying an event and deciding on whether to go into a crises and disaster recovery mode or not would have to be a decision to be taken by senior management who is able to understand the situation, estimate the impact and judge accordingly in consultation with the functional managers.
The list should also include emergency phone numbers of Fire station, Hospitals, Airport, Police, Ambulance and other such services.
Against each department, the list of all vendors, their contacts and other communication details should be covered in detail.
A good DR or BC plan is one which can be read and auctioned by anyone following the detailed instructions given in the plan. A good plan shows and works towards a high level of readiness in dealing with a crises and provides for effective solutions.
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