Key elements of a strategic business plan

These systems integrate its proprietary operating system software with hardware supplied by major manufacturers, and are sold to small, medium and large-sized companies for a range of business applications. Its systems are distinguished by a sophisticated operating system, which permits use without trained data-processing personnel.

Key elements of a strategic business plan

key elements of a strategic business plan

Responsibility[ edit ] The management of business continuity falls largely within the sphere of quality management and risk managementwith some cross-over into related fields such as governanceinformation security and compliance.

Risk management is an important tool for business continuity as it provides a structured way to identify the sources of business disruption and assess their probability and harm.

It is expected that all business functions, operations, supplies, systems, relationships, etc. Business Impact Analysis is the generally accepted risk management term for the process of determining the relative importance or criticality of those elements, and in turn drives the priorities, planning, preparations and other business continuity management activities.

If there is no business continuity plan implemented and the organization in question is facing a rather severe threat or disruption that may lead to bankruptcy, the implementation and outcome, if not too late, may strengthen the organization's survival and its continuity of business activities.

These standards ensure that proven methods and concepts for business continuity are used. As with many quality management standards though, the primary task of identifying relevant potential disasters, making plans for evacuation, buying spare machines and servers, performing backups and bringing them off-site, assigning responsibility, performing drills, educating employees and being vigilant cannot be replaced by adherence to standards.

As such, commitment by management to see business continuity as an important topic and assign people to work on it, remains the most important step in establishing business continuity. Several business continuity standards have been published by various standards bodies: It is formal in style in order to facilitate compliance auditing and certification.

National Fire Protection Association: It too was withdrawn in when it was in effect replaced by ISO It also involves 1 assessment of the probable effect of such events, 2 development of recovery strategies and plans, and 3 maintenance of their readiness through personnel training and plan testing.

See also business impact analysis Policies[ edit ] Policies are those things mandated by the management of an organization that will always be performed according to a preset design plan, and supporting all business functions within an organization.

Business impact analysis BIA [ edit ] The entire concept of business continuity is based on the identification of all business functions within an organization, and then assigning a level of importance to each business function. A business impact analysis is the primary tool for gathering this information and assigning criticality, recovery point objectives, and recovery time objectives, and is therefore part of the basic foundation of business continuity.

The BIA can be used to identify extent and timescale of the impact on different levels of an organization. For instance it can examine the effect of disruption on operational, functional and strategic activities of an organization. Not only the current activities but the effect of disruption on major business changes, introducing new product or services for example, can be determined by BIA.

Efficiency

Most standards require that a business impact analysis should be reviewed at defined intervals appropriate for each organization and whenever any of the following occur: Significant changes in the internal business process, location or technology Significant changes in the external business environment — such as market or regulatory change [3] Document management[ edit ] In large information technology environments, personnel turnover is inevitable and must be planned as part of business continuity.

The solution to the problems associated with turnover, is complete and up-to- date documentation. This ensures that new personnel will have the information they need to quickly become knowledgeable and productive with respect to the business functions they are tasked to support.

This also implies that business function related documentation is largely generated rather than written from existing systems and managed in an automated manner. This brings a level of stability to the business functions by requiring the support personnel to document and coordinate proposed changes to the underlying systems.

As this process becomes more and more automated, the emphasis will be less upon personnel control, and more upon regulatory compliance. Audit management[ edit ] One of the most costly and time-consuming aspects of information technology management is dealing with auditors.

One of the goals of business continuity is data center automationwhich includes audit management.A company’s strategic plan is the game plan that management uses for positioning the company in its chosen market arena, competing successfully, satisfying customers, and achieving good business performance.

Most business owners and executives have countless excuses for not having a formal strategic plan. Strategic Planning (Business Toolkit) - Compilation of Strategic Planning frameworks, Strategic Planning templates, Strategic Planning tools, McKinsey Strategic Planning presentations.

The key elements of a business plan are much the same,whether for a large business or a small business. This doesn't mean your business plan must be as thick as that of a Fortune company, but. Business continuity is the planning and preparation of a company to make sure it overcomes serious incidents or disasters and resumes its normal operations within a reasonably short period.

This concept includes the following key elements: [citation needed] Resilience: critical business functions and the supporting infrastructure are designed in such a way that they are materially unaffected.

May 14,  · Many entrepreneurs have the vision to build and run a strong company, but fail to take key steps to secure the company’s future. A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road.

The time you spend making your business plan thorough and.

Key Elements of the Strategic Plan , including Aichi Biodiversity Targets