A Brief Note On Risk Management And Business Management

FERGUS PATERSON RISK MANAGEMENT BUSINESS CONTINTUITY MANAGEMENT M3N211756 SMEs and BCM in the UK (2483) There is a perception in the UK that Small – Medium Enterprises (SMEs) generally don’t implement Business Continuity Management (BCM). BCM is becoming more and more standard but its benefits aren’t always clear. SME is an acronym of Small – Medium Enterprises. An enterprises size is defined, in EU Law, by its number of employees and either the turnover or balance sheet total. A small enterprise has 50 employees or fewer and a turnover of â‚ ¬ 10 million or less or a balance sheet total of â‚ ¬ 10 m or less. A medium organisation has 250 employees or less and a turnover of â‚ ¬ 50 million or less with a balance sheet total of†¦show more content†¦Business Continuity Management (BCM) is the framework in an organisation for recognising possible threats and ensure there is capability within the organisation to deal with them efficiently. (Musgrave, B; Woodman, P, 2013) BCM should be a holistic process, embedded and embraced by each part of an organisation. When Using BCM organisations should develop a Business Continuity Plan. A BCP should be the collection of information and documents needed to ensure that an organisation can achieve the stages needed to continue its operations in the event of an incident. (Hiles, A. (ed), 2010). Rightly or wrongly, SMEs don’t appear to be embracing BCM. AXA asked SME’s across the globe about what contingency plans they had in place. 40% of responding companies stated they had no contingency plans in place. The highest given reason for this was ‘my business is too small’ (36% of respondents who didn’t have a BCP) followed by ‘don’t see the need’ (28%) and ‘never really thought about it (22%) (AXA International, 2011). Businesses may choose to risk not having a BCP. Assuming a business wants to estimate whether putting a BCP in place is worthwhile or not, they may examine the cost of when a BCP becomes ineffective. C = P x I C = Cost of developing a BCP P = Probability on invoking BCP after an incident I = Cost of

Business Brief Psychology Year 11 Atar - 1814 Words

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Wellness assessment Free Essays

My overall state of my wellness wheel is pretty well. It was about half and half with my assessment. The lowest my average assessment went down to was a two. We will write a custom essay sample on Wellness assessment or any similar topic only for you Order Now That was in the social area which is my weakest. My weakest areas are vocational, social, and Intellectual. I scored really low In social area because I don’t get out much, I keep to myself and I am too busy Juggling sports, school and work. I really don’t have much time for anything else. My strongest areas were physical, emotional, and spiritual. I was not surprised with the results of the assessment; I knew I wasn’t going to score very high In the social area. In the emotional area I knew I was going to score high because If I did something wrong I wouldn’t say someone else did It, I would own up to what I did and take responsibility for whatever I did wrong. The reason for this Is the more you lie about something the more It will come back and bite you In the butt harder than Just saying something In the beginning. My emotional well-being right owe is pretty good. I accept all opinions even if I don’t agree with it. I listen to everyone around me because someone may just want someone to listen to what they have to say and get whatever it is off their shoulders. I however, sometimes have a hard time opening up to people because if I do they might think the wrong thing. My stress level is very high right now because of certain twists and turns my life has taken. The major stresses in my life would be family issues and relationships, finances, work and school. These things take a major part in my stress level. The first two are the major impacts right now. I relieve stress by working out, or working. There isn’t really anything to manage my stress right now. In a year or less my stress level will go down hopefully. I am managing my stress level very well from what everyone tells me. Wellness assessment By movement and intellectual. I scored really low in social area because I don’t get out much, I keep to myself and I am too busy Juggling sports, school and work. I really don’t have much very high in the social area. In the emotional area I knew I was going to score high because if I did something wrong I wouldn’t say someone else did it, I would own up to what I did and take responsibility for whatever I did wrong. The reason for this is the more you lie about something the more it will come back and bite you in the butt harder than Just saying something in the beginning. My emotional well-being right everyone around me because someone may Just want someone to listen to what they How to cite Wellness assessment, Papers