Business Impact Analysis Essay Example | Topics and Well Written Essays - 1750 words

Business Impact Analysis - Essay Example In this scenario, BIA is based on a critical assumption and that is every area and task of a company depends on the continuous working of every other task; however some tasks are more critical and important than others as well as need a greater investment following a failure. In addition, the BIA also determines the expenditures associated with losses, for instance substitution of equipment or machinery, loss of cash flow, loss of income, funds paid to pull alongside a backlog of work, and so on. Moreover, a BIA report also determines the significance of business tasks and processes as well as recommends suitable financial support for actions to look after them. In this scenario, BIA determines the possibilities of breakdowns or losses in terms of their influence on business revenue, safety and security, marketing and advertising, compliance, legal aspects and quality assurance. Hence, BIA can be considered as the backbone of the whole business continuity plan or, as a minimum, it sh ould be managed and controlled in the approved manner. In fact, a well-planned and well-executed BIA can formulate the differentiation between a strong, completely developed business continuity plan, and an ordinary one. Methods for Establishing Component Priorities A company can prioritize its functions and components on the basis of their criticality. In this scenario, critical applications and systems are used in the processing of sensitive information. In addition, the applications and systems that an organization uses to process sensitive information can be prioritized as: Critical: Critical business applications and systems are believed to be the highest priority functions for the reason that they have highest impact on an organization’s potential and processes for recovery.... sensitive information can be prioritized as: Critical: Critical business applications and systems are believed to be the highest priority functions for the reason that they have highest impact on an organization’s potential and processes for recovery. Additionally, human resources of an organization are fully aware of these critical processes within their department. In addition, the solution is to collect all necessary information and build up a complete look at their critical applications and process from the company’s point of view. For instance, they should determine that what applications and processes must be present for their organization to run a business? Hence, these processes must be recovered to sustain as close to regular operation as possible. In this scenario, the highest permissible time limit is determined in hours (Pabrai, 2013; ttgtMedia, 2007). Essential: Every organization has some functions which lie between critical and important, hence for these business functions organizations can decide to make use of a central kind that can be acknowledged as â€Å"vital† or â€Å"essential.† Though, it is difficult to distinguish between critical and vital functions but an organization can choose that certain processes are completely critical and others are very significant and they should be handled soon after the critical processes. In this scenario, vital business processes can comprise several business aspects such as payroll, which is not a critical business function in terms of being capable of getting the business support and operating right away however these functions can be significant to the organization’s capability to work further than the disaster recovery phase. These business processes should be recovered immediately when resources

How To Build Your Own Computer :: Process Essays

Before you start you will need to check if u need all of your pieces together and parts. Then you need to check if you have the right size case for your mother board. The find a bare floor to work on its the best place. Then download latest drivers for your pc so you cannot have headahces later on. Now you are ready to install your motherboard. Lay your case on it's side for installing the motherboard. If your case has a removable motherboard plate then take it out to install the motherboard on it. Match up the motherboard mounting hole with the case or plate. Now use the standoffs and install them to the case or plate where the holes lined up. Then use the screws and screw the motherboard down to the standoffs. Some case use plastic standoffs. These usually have pointed ends you push up through the back of the motherboard and then slide the flat head into the case or plate. Make sure that the motherboard is not touching the case or plate on the back of the motherboard. Now install the plate if your case came with the removable one. Make sure your motherboard is tight but not too tight as to cause it to crack.Next connect the power to the motherboard. If you have an AT motherboard it will use 2 large 6 wire plugs. The black wires have to be together in the middle or you will fry your motherboard and believe me it has happened a lot. They will be hard to install but they will fit just keep trying. The problem is the little tabs placed on 1 side of them. If you have a ATX motherboard then you will have 1 large 20 wire plug. It is made so it can only be installed the right way. If you have a cpu that needs the extra 12 volt hooked to the motherboard then you will need to install it also. It looks different from the other connectors and will install only the right way. You must decide if you want a desktop or tower or one of the new small cases. You will want to allow for expandability unless you are building a small form case. Make sure you get a case that will fit the space where you plan to put it. Make sure the case has at least one intake fan or a place to install one in the front.

Best Buy Situation Analysis

In general, the company specializes in selling electronics, home office products, entertainment products and footwear, business programs and software, home appliances, and much more technology related products. Best Buy has earned the reputation as one of the top consumer electronics retailers and a leader in the industry. Its total revenues are $42,410,000,000, it employs 140,000 workers, and has a market capitalization of 1 1. 26 billion.The company Is a publicly traded corporation on the New York stock exchange under the signal- BY. It has gained many product and service brands that are recognized worldwide, such as Geek Squad, an in house repair service, which has been one of the company's main competitive advantages throughout its existence. The primary target market customer Is In the 16-35 age range. With 18-24 being the primary target because on average 40% are in college. Primary targets consist of businesses, both genders, middle class families and up.The secondary target i s 36-50 age groups mostly made of parents, new and small businesses, and price concerned consumers. The age group for the core audience Is 25-54 consumers 54% male 42% female and has an average household income of $75,000 (Khan, A). † Mission: The mission of Best Buy is to be the number one retailer of consumer electronics with a focus on roving a wide selection of high quality products at premium low prices while offering personable customer service and the best shopping experience both In store and online.Goals: In the company's 2014 fiscal annual report, Hubert Jolly, President and CEO of Best Buy, outlined the business transformation plan and goals as the 1 OFF shopping experience 2. Attract, grow, engage, and inspire transformational leaders and employees 3. Work with vendors to innovate and drive value 4. Increase return on invested capital 5. Continue leadership role in positively impacting the world Ochs 2 Core Competency: In terms of core competency, the key in terms of success for Best Buy has been its strategic customer-centric values and brand name recognition.Best Buy specializes in providing excellent customer service and the ability to give customers a hands- on shopping experience. Best Buy offers a wide range of products and will continue to work with vendor partners to maintain a strong relationship to guarantee low competitive prices. As far as brand recognition goes, Best Buy is increasing the amount of stores worldwide each year so the company name will continue to stick in customer's minds as well as strategic partnerships such s geek squad.SOOT Analysis Internal Factors Strengths Multiple Channel Sales Strategy Diverse Product Portfolio Reputable Brand Name Excellent Customer Satisfaction Weaknesses Geographical Concentration Limitations Reliance on Minimal Vendors Weakening Financial Position Poor Inventory Management Systems External Factors Opportunities Strategic Partnership Acquisitions Focus Towards Marketing Strategies Onlin e Sales Growth Consumption of Electronics Increasing Expansion of Retail Stores National and International – Foreign Market Penetration Threats Rise of Competitors, Loss of Market Share and RevenuesIncrease of Counterfeit/limitation Goods (China) Organized Retail Crime Increasing, Cyber Crime Threat to Security Market Shifting to Online Sales Medium to high Supplier Power Industry Analysis and Trends: The Consumer Electronics Market is continuously changing and is an ongoing process of evolution. Since technology is growing at a market. Already existing technologies are being re-invented to give the consumer a feeling that the old model(s) is irrelevant. An example is curved TV's and the phone ss.Ochs 3 These two technologies already exist however with a very slight modification, customers react and feel the need to purchase the newer version. This acts to re- invigorate what may seem to be a stagnant market. Online Sales are becoming more crucial to companies to survive in t he electronics consumer market. Amazon. Com being the leader in the industry of online sales has proved its dominance and Best Buy is increasing online retail operations to keep up. Since the recession, the market faced a decline in sales performance the last few years since 2008.However the market is making a slow, gradual come back and the situation in the industry is looking good. The fluctuating economy greatly effects consumer buying habits, and with the recovering economy conditions, consumers will have more money to spend on luxuries like electronics. According to the U. S. Consumer Electronics Sales and Forecasts â€Å"Revenues for the consumer electronics industry are projected to grow 2. 4% in 2014, reaching a new record high of $208 billion Joseph,J. ACE). Best Buy has struggled to maintain its market share with the increase of competition over the last few years but the company is growing in terms of revenue and number of stores increasing worldwide. Best Buy brand and presence is becoming well known globally and more growth opportunities are available for the company internationally. â€Å"Best Buy sees opportunities for innovation and growth in new markets and new geographies as well as in our core U. S. Business our growing global presence requires seasoned and as'. N. Y leaders to carefully manage our expanding family of international brands.Our international leadership team is focused on driving growth for our enterprise around the world (Willet, Robert, BY CEO International). † Competitor Analysis: Best Buys competitors are store-based retailers, internet-based tillers, multiple channel retailers, and vendors who offer products directly to the consumer. â€Å"They are competing amongst many others in the market for position as the top retail brand for electronic goods. U. S. Shoppers spend more than 126 billion dollars a year on electronic goods and more than 26% of it is totaled at Best Buy.For electronic purchases Best Buy remains as the top choice amongst consumers (Khan, A. ). † The major players are mass merchandisers like Walter Corporation, Amazon. Com and Apple Inc. (also a supplier). Unlike Best Buy, Walter offers much ore than Just electronics but they are growing in the electronics industry. In order to keep their prices low, Walter uses a low profit margin, high volume sales technique by squeezing their suppliers to name their price. To combat this, Best Buy must maintain their image as the ‘best shopping experience' retailer with a young, tech as'. N. , knowledgeable sales staff to assist customers and provide customer service unmatchable by Walter. In Ochs 4 addition best buy must maintain a strong, relationship on good terms with its suppliers because they are limited and also offer a price matching policy to match a rice offered by a certain store or retailer. To compete with Amazon. Com Best Buy must promote their brick and mortar, instant gratification business model. Unlike Best B uy, Amazon cannot boast physical, face to face customer service experience improvement to their website and online sales strategy since many consumers are moving towards online purchasing.One of the major risks Best Buy faces currently is the act of show-rooming. This is where customer go to the big box store to gain valuable information from the staff about a product and comparison shop, then go and purchase it elsewhere for a better price (Amazon. Mom). According to CEO Hubert Jolly: â€Å"Best Buy estimates that 1 5 percent of its customers come into the store with the intention of shortcoming, that number is only likely to increase (Macrame, M). † Since Apple is one of Best Buys vendors they must be careful with methods used to compete for customers.One of the main advantages Best Buy has in this situation is that they are actually able to offer their Apple products for a lower price than the Apple Store, while still maintaining strong customer service, warranties, and su pport as one would receive in the Apple store. New Opportunities: Best Buy faces ever rowing fierce competition as the consumer electronics industry continues to grow and new technologies are rapidly being innovated. There is much room for growth and new opportunities Best Buy can take advantage of to remain at the top of the market.One of the most significant threats Best Buy faces is the increasing amount of virtual retail sales in the consumer electronics industry, but this is also an opportunity. The first recommendation for Best Buy is to continuously innovate and improve the website to encourage online sales. Perhaps IT should undergo website redesign to offer easier web navigation/ characteristics similar to that of Amazon. Com. The second recommendation is the need to promote the advantages and benefits of shopping in store rather than at other online retailers like Amazon. Com.Such benefits include direct communication between representative and customer, fewer technologica l issues of ordering, easy returning methods, and the assurance the product will be received in perfect condition and on time rather than damaged or lost in transportation. The third recommendation is to move beyond the current business to consumer model and expand into business to business operations. This would positively increase clientele base and open up a CSS 5 huge new market segment uninhabited by many CE competitors. Next Best Buy needs to reconsider its management structure.Part of the reason for its plummets in sales was poor management style who were reluctant to change company strategy and adapt; they were not ready for competition. Best Buy has made efforts to update management which had a positive outcome. We see in the fourth quarter of the fiscal year 2013 â€Å"the company reported net earnings of $293 million, compared to a loss of $379 million in the previous period, driven by its reduced costs and improved operational efficiency. The effort of the retailer to i mprove profitability, which includes reorganization of its field and store management structure (Wolf, A). Lastly, Best Buys strengths lie in customer service so the ability to attain strong customer relationships will go far. Some ideas to accomplish this is to provide better employee training to specialize employees to understand the customers wants and needs better. This will help make the employees more knowledgeable to offer more expertise help on particular products and features that other competitors simply cannot offer, which ultimately results in happy customers. When satisfied, the company back to the top as the number one electronics retailer.

I Lay Dying By William Faulkner Essay - 1665 Words

As I Lay Dying, was first published in 1930. It is one of the finest examples of William Faulkner’s distinctive writing style. As in his other works, As I Lay Dying showcases Faulkner’s ability to reveal the intricacy of the human psyche. His use of multiple narrators allows readers to explore the inner thoughts of each character. Told from multiple perspectives, the novel has 59 sections written mostly in stream-of-consciousness— a literary style marked by a character’s uninterrupted flow of thoughts. The distinctive writing style and use of multiple narrators in As I lay dying by William Faulkner gives reader and in depth and unique reading experience that should be utilized in more books today. William Faulkner (1897-1962) was born in New Albany, Mississippi but soon after his birth the family moved forty-five minutes away to Oxford, Mississippi. Faulkner remained in Oxford for his entire life and the setting of almost all of his novels takes place in and around Oxford, which he renames Jefferson, Mississippi. Faulkner also created the ficitional Yoknapatawpha County based upon and inspired by Lafayette County, Mississippi. As I Lay dying is the first to introduce Faulkner’s fictional county. Because of Faulkner’s upbringing in the south he was familiar with the type of person presented through the characters of the Bundrens. As I Lay Dying tells the story of the Bundrens a poor family from the Deep South that faces trials and tragedy on their journey to bury their deadShow MoreRelatedAs I Lay Dying By William Faulkner Essay1475 Words   |  6 Pages â€Å"As I Lay Dying† Final Essay In the novel As I Lay Dying by William Faulkner, relates to what seems to be the main concern and topic throughout the story, which is the death of Addie Bundren. The long and strange journey to Jefferson County, Mississippi to bury their mothers body seems to undertake the family together. Faulkners technique throughout his story presents individual sections of the characters throughout their thoughts, perspectives or the events taking place throughout the novelRead MoreAs I Lay Dying By William Faulkner1552 Words   |  7 PagesAs I Lay Dying William Faulkner Entry 1 Beginning As I Lay Dying, I am already struggling with the dialect of the novel. This confusion is deepened because I had no prior knowledge of the characters and plot. There are many characters that Faulkner mentions in the first twenty five pages of the novels and so I was trying to connect the characters and find out who was who. Faulkner also constantly refers to Addie as â€Å"she†. This confused me at first because I didn’t know who Faulkner was referringRead MoreAs I Lay Dying by William Faulkner997 Words   |  4 PagesAs I lay dying is an American novel authored by William Faulkner. The novel is among the best-ranked novels in the 20th century literature. The Faulkner’s seventh novel derives the title from the book XI of the homers the odyssey. In the introduction, Agamemnon converse with Odysseus: ‘’as I lay dying, the woman with the dog’s eyes could not close my eyes as I descend into Hades’’. The book consists of fif teen characters with more than fifty-nine chapters. It narrates the narrative of the bereavementRead MoreI Lay Dying By William Faulkner837 Words   |  4 PagesGrief causes people to turn on each other. 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Most of the explaining of the families dynamicRead MoreWilliam Faulkner s As I Lay Dying1105 Words   |  5 Pages William Faulkner: As I Lay Dying Rose For Emily William Faulkner is one of the most prominent American writers best known for his diverse skills and a number of novels, short stories, essays and screenplays that he wrote during his entire life. William showed his expertise within the field of literature by the use of valuable literary styles, well connected thematic concerns, moral lessons combined with little humor within his entire work. He effectively utilised the moments he spent togetherRead MoreWilliam Faulkner s As I Lay Dying1606 Words   |  7 PagesFeminist Despair in As I Lay Dying The modern world is in the midst of reconstructing gender roles; debates about contraception, reproductive freedom, and female inequality are contentious and common. The majority now challenges the long established assertion that women’s bodies are the eminent domain of patriarchal control. In the past, a woman’s inability to control her reproductive choices could come with ruinous consequences. Proponents of patriarchal control argue against reproductive independenceRead MoreI Lay Dying By William Faulkner1017 Words   |  5 PagesFaulkner is known to be one of the greatest authors in the world. His style of writing and creative use of diction has made him a favorite among many to read. Although his writing can be confusing and hard to understand, it still remains a tour de force. As I Lay Dying is one of Faulkner’s best novels to show off his unique writing style. His technique of using multiple perspectives in the novel contributes to the reader’s understanding of the ideas contained in the text. Faulkner uses a distinctRead MoreWilliam Faulkner s As I Lay Dying1525 Words   |  7 PagesIsolation of Characters in As I Lay Dying As I Lay Dying was an extremely successful novel written by an American author named William Faulkner in 1930. Each of the characters in the novel are given traits that are expressed throughout the story to reveal their true identities. Faulkner utilizes first person point of view that shifts from one character to another to allow the reader to enter the mind of each character and experience their inner thoughts. All the characters live very similar livesRead MoreWilliam Faulkner s As I Lay Dying Essay1672 Words   |  7 Pagesdie. That’s how the world is going to end† (Faulkner 35). In As I Lay Dying, William Faulkner captures the reader with reality in a perplexing and unequivocal portrayal of a Mississippi family. Born in Mississippi, Faulkner’s expertise in innovative techniques of language qualified him for his accomplishments in the Nobel Prize for Literature (1949), the Pulitzer Prize for Fiction (1955 1963), and the National Book Award (1951 1955) (Wil liam Faulkner Biography). Although referred to by some critics