Explain the importance of risk management and contingency planning. Discuss the following ,making sure you have researched them and then utilize the Course Textbook.
Incident response procedures
Disaster recovery plans
B. Create a Business continuity plan for a US Based Company. If you work in the USA ,you may use data from the company. However you must create your own plan to present at the next meeting.
According to Hamel, the people who invented modern management in the 19th century would be stunned in finding out that the inventions they made back then, are even today, bases of management in the 21st century(2016). The inventions made included; workflow optimization, which is a significant method of decreasing costs and providing improved services for clients. With incompetent workflows, it takes a longer time to complete things as well as costing more in getting them done. They also include functional specialization and variance analysis, which is the quantitative study of the difference between planned and actual conduct. Hamel, states that three discontinuities will end management as everyone would expect(2016). He goes on the name them as; 1) Dramatic changes, which will in turn lead to ultra-low-cost rivals, and there will be extra power to the customers. The author states that fresh social demands highlight invention above optimization and also change above continuity. 2) Collaboration tools that are web-based and networks a substitute to a formal chain of command; 3) the fresh anticipations that Generation Facebook comes up with. This generation sees the web as a universal life operating system in which they have fun with.>GET ANSWER