Evaluate the Evidence to Support the Adoption of Business Continuity Management by Small and Medium Sized Enterprises.
Crisis and Business Continuity Management
Topic: Evaluate the Evidence to support the adoption of business continuity management by small and medium sized enterprises.
Full name: Yi Liu Student ID number: P11001694 Module code: CORP3364
Recent years, all sizes of organizations have an increasing concern about business continuity management. Especially such organizations, like big business government and insurers facilitate it strongly which covered all sectors and scales of activity. However, small and medium sized enterprises still play a vital role in the global economy. Compared with some large multinational companies, the “ small and medium size” of these enterprises just mean their scale and scope. In almost particular regions, these enterprises always exist like large organizations, in terms of idea strategy, innovation, flexibility，and growth (Liu, 2008). Though small and medium sized enterprises have numbers of potential risks as well. And interrupts of any work link will have influences on theses companies on some level (Zhang, 2010). According to status quo, business continuity management in these sized enterprises becomes obviously important. This essay will explain why the adoption of business management is necessary to small and medium sized enterprises. In the first part, it will describe the situation about small and medium sized enterprises and business continuity management. Then, it will consider common risks in these enterprises and give the advantages of business continuity management respectively. Finally, I will draw some conclusions as to evident the necessity of business continuity in these enterprises.
At present, European Union governments view small and medium enterprises (SMEs) as a crucial field for its economic policy and growth. Therefore, business continuity management is considered to be of key
Topic: Evaluate the Evidence to support the adoption of business continuity management by small and medium sized enterprises.
Full name: Yi Liu Student ID number: P11001694 Module code: CORP3364
Recent years, all sizes of organizations have an increasing concern about business continuity management. Especially such organizations, like big business government and insurers facilitate it strongly which covered all sectors and scales of activity. However, small and medium sized enterprises still play a vital role in the global economy. Compared with some large multinational companies, the “ small and medium size” of these enterprises just mean their scale and scope. In almost particular regions, these enterprises always exist like large organizations, in terms of idea strategy, innovation, flexibility，and growth (Liu, 2008). Though small and medium sized enterprises have numbers of potential risks as well. And interrupts of any work link will have influences on theses companies on some level (Zhang, 2010). According to status quo, business continuity management in these sized enterprises becomes obviously important. This essay will explain why the adoption of business management is necessary to small and medium sized enterprises. In the first part, it will describe the situation about small and medium sized enterprises and business continuity management. Then, it will consider common risks in these enterprises and give the advantages of business continuity management respectively. Finally, I will draw some conclusions as to evident the necessity of business continuity in these enterprises.
At present, European Union governments view small and medium enterprises (SMEs) as a crucial field for its economic policy and growth. Therefore, business continuity management is considered to be of key
References: Chartered Management Institute (2012) Planning for the worst: The 2012 Business Continuity Management Survey, London, Chartered Management Institute Docin (2010) On the small and medium enterprises business risks and prevention, 30 October, available from http://www.zbkj.com.cn/en/bencandy.php?fid=44&id=655, accessed 23 November 2012. ENISA (2010) IT Business Continuity Management: An approach for Small Medium Sized Organizations, Europa, ENISA, available from http://www.enisa.europa.eu/ , accessed 22 November 2012 Liu, X. L. (2008) How do small and medium sized enterprises consider business continuity, 14 May, available from http://www.cnw.com.cn/cnw07/ServerStorage/Backup/htm2008/20080514_53797.shtml, accessed 23 November 2012. Robinson, J. (2012) Business continuity and the smaller business, 5 October, available from http://www.continuitycentral.com/feature1017.html, accessed 24 November 2012.