Little more closely at what its components are.īasically, the components of BC are all the activities Now you know what business continuity is. Improve in the practice of business continuity.Īnybody involved in the practice of BCM is trying to help the organization get better at BC. This is a good time to define another term you might haveĬontinuity management (BCM) - a field whose goal is to help organizations Of coronavirus), technology (cyberattack), or vendor (critical supplier goes
(factory damaged by flood), people (too many employees are quarantined because Outage can arise in one or more of the following four areas: facilities Negative impact on the ability to perform one or more business processes. Basically, itĪnd lastly, “an outage or crisis” means any event that has a Mean “immediately.” It doesn’t even mean “fast,” necessarily. Processes need to be restored sooner than others. “A timely manner” means within a timeframe that isĪppropriate for that organization when looked at in the context of its uniqueĪmounts to timely restoration is different for each business process some To running a call center to shipping products to launching rockets and on and This could range from making widgets to caring for patients to paying vendors Supporting itself, and serving its stakeholders. Processes that the organization normally carries out in completing its mission, “Business functions” means all of the activities and “The performance of” means being able to carry out. “An organization” means a business, university, hospital, Let’s break that definition of business continuity down piece by piece. Performance of all business functions in a timely manner following an outage or If I were asked to define business continuity for theĭictionary, I would write something like this:īusiness continuity - An organization’s ability to resume the
Is the work of ensuring organizations can continue to thrive in the face of Put simply, business continuity, sometimes abbreviated BC, thriving adjective He has a thriving computer-consultancy business.Related on MHA Consulting: Become a Master of Disaster: Educate Yourself With These Key BC Resources From Longman Business Dictionary thrive thrive / θraɪv / verb ( past tense thrived or throve / θrəʊvθroʊv /, past participle thrived ) if a company, market, or place is thriving, it is very successful and making a lot of money Our natural food supermarkets are thriving. Eurosceptic business and political groups said the figures proved that Britain could thrive without losing its currency.They can thrive with less than four hours of sun and survive in most garden soils.If there was anything Percy thrived on, he mused, it was details.Wineries have thrived in the town for more than a century.
It is still unclear whether dotcom companies will continue to thrive in the long-term future.Ellington thrived in the limelight and success that his backstage partner contributed to so significantly during their almost three-decade collaboration.In quite a few ranges reintroduced sheep have thrived.The IT explosion means that telecommunications companies are thriving.
Most herbs need direct sun all day in order to thrive.→ thrive on something → See Verb table Examples from the Corpus thrive ○○ verb ( past tense thrived or throve / θrəʊv $ θroʊv /, past participle thrived ) formal SUCCESSFUL to become very successful or very strong and healthy plants that thrive in tropical rain forests a business which managed to thrive during a recession Register In everyday English, people usually say do well rather than thrive: The whole family seems to be doing well.From Longman Dictionary of Contemporary English thrive thrive / θraɪv /
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