Elements of Total Quality Management
Quality is an essential parameter which helps organizations outshine their competitors and survive the fierce competition. The success of total quality management depends on following eight elements which are further classified into following four groups. Foundation Building Bricks Binding Mortar Roof Foundation Foundation further includes Ethics, Integrity and Trust The entire process of Total Quality […]
Early Bird Catches the Worm: Why First Mover Advantage Matters to Everyone
What is the First Mover Advantage? In business, as in life, being early and being first to launch products, enter markets and an agile and flexible approach to being there first matters. As the saying goes, The Early Bird Catches the Worm, the first mover advantage is indeed significant and matters to everyone, including businesses, […]
Business Process Improvement – A Perspective
Development of Global Business Organizations, Multi National Corporations and the Corporate has always found a lot of academicians as well as the think tanks and Management Experts taking interest in analyzing the past, the present trends and prophesying the future trends. The study of growth of trade, the industries and the Organizations and the various […]
Drug Counterfeiting in India
The Indian pharmaceutical market is huge, and drugs worth billions of dollars are manufactured and sold every year in India. Some of these drugs are sold locally, and some are exported abroad. India is the fourth largest pharmaceutical market in the world whereas it is also the largest exporter of pharmaceutical drugs worldwide. This rapidly […]
How to Draw a Fishbone Diagram
Given the usefulness of the fishbone diagram, it is essential that every student of quality and six sigma know how to use it. To aid the students in learning, here is a step-by-step procedure of how a fishbone diagram must be drawn: Step 1 – List The Effect (Problem) to the Right: A fishbone diagram […]
In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to ensure that the business operations are not hampered due to any reason, organizations have begun to take the concepts of Disaster Recovery and Business Continuity plans seriously.
The concept of Disaster recovery is of prime importance in technology companies who cannot afford any instability of failure of their systems and processes due to failure of hardware, software, applications, database, network, communications or any other technology related area. However the concept of planning for disaster recovery is not limited to technology companies alone. Most of the multinational and global organizations, research organizations as well as service sector organizations including banks, credit card companies, airlines, hospitals and others too have adapted this practice. In the ultimate analysis they have realized that it pays to cover yourself against any possible risk or threat to your business and the cost of doing so is considered to be a necessary expenditure.
Disaster Recovery and Business Continuity plans are mainly focused on getting the business process up and running in the least minimum time. However it may be noted that Disaster Recovery is not the same as Business Continuity, though both are interweaving most of the time. In both cases, the recovery plan involves the concept of Disaster Recovery or Business Continuity Center or site. One has several options available to locate and setup the DR or BC Center depending upon the nature and size of business, the criticality of business processes, location and many more parameters.
DR or BC site refers to an alternate site or location that is fully equipped and ready to use in case of emergency or need. When in case of crises or a threat, if the systems fail and the business is hampered, then a team of workers can immediately relocate to the DR or BC Site and start minimal operations as planned. Thus the DR or BC site provides an alternative and ready solution to ensure that the business is up and running.
Depending upon the plan and the nature of business, Organizations can use any one of the following options to set up the DR & BC Center.
Using the above options depends upon the business operations and the financial outlay budgeted in the DR & BC Plan. In case of IT system recoveries, the options will have to be worked out more elaborately.
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