Business continuity: smaller firms most vulnerable to problems.For business continuity planning Business Continuity Planning (BCP) is an interdisciplinary peer mentoring methodology used to create and validate a practiced logistical plan for how an organization will recover and restore partially or completely interrupted critical function(s) within a predetermined , size does matter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Medaska, vice president of business development with Relational Technology Services (www.relationaltechnology.com). Medaska says small companies are probably the most vulnerable to business interruptions because they don't have the financial base to absorb disruptions for very long. Being out of touch with customers even for a few days, or having customer history or other key records destroyed, can result in a loss of business from which a small company may never recover. Medaska advocates having a business continuity plan in place that can negate ne·gate tr.v. ne·gat·ed, ne·gat·ing, ne·gates 1. To make ineffective or invalid; nullify. 2. To rule out; deny. See Synonyms at deny. 3. the effect of a terrorist attack, either direct or residual. Some key points are: * Location, Location, Location Location, Location, Location is a popular Channel 4 property programme, presented by Kirstie Allsopp and Phil Spencer. The reality show follows two real estate experts as they try to find the perfect home for a different set of buyers each week. It first aired in May 2001. -- A business continuity site doesn't have to be buried deep into the side of a mountain like NORAD NORAD abbr. North American Aerospace (formerly Air) Defense Command . In fact, Medaska recommends keeping it within an hour's drive of the main site. This is far enough away to not be directly affected by an attack, but close enough that personnel will be willing to go there in a time of crisis and emotional upheaval. * Planning Is No Tape Job -- When setting up a business continuity plan, most small and mid-sized organizations rely solely on backup tapes See tape backup. . But where do the tapes go if you don't have a mirror site and the original site loses power? This is especially critical since most small and mid-sized businesses are ill-equipped to absorb the loss of a few days of business. * Choosing the Team -- Technical expertise is only one of several qualities needed when putting together a business continuity team. Among the other factors to consider: leadership, the ability to remain calm in a crisis and an understanding of the business sufficient to make key decisions. * The Right Stuff -- Equipping e·quip tr.v. e·quipped, e·quip·ping, e·quips 1. a. To supply with necessities such as tools or provisions. b. a mirror site with the right technology is important, but it doesn't have to be expensive. Refurbished equipment can be used, while making it easy for the business continuity team to transition from the main to the mirror site. |
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