Lots of way to expand your business, could be from good marketing side, or quality of the goods you sell. If you’re planning for world wide or at least to increase your market segment, there is a way that currently being a trend, which is market or sell it through web. The benefit of it are your store online for 24 hours a day, people around the world able to see your goods and buy it, and of course promotion inside it.
There’s choices to build an online store, one of it is build it your own. Start it with choosing the top web hosting, the top and the best are not option, you should choose the quality one because you’re using it for running your business. Tips on choosing hosting this time hopefully be useful for you who will choose the hosting or hosting has never before bought but turned out disappointing results.
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Correlation between risk management and business continuity management are now embedded in the insurance purchase process. Insurance is central to BCM – but it is not always given the attention that it deserves. There are at least three aspects of insurance that need to be considered in relation to BCM:
? Management may take the view ‘we have insurance – why do we need to concern ourselves with BCM?’ Read the rest of this entry »
There are many reasons why every organization should have an active business continuity management program. In some cases the initiative comes from pressure to respond to the recommendations and demands of the auditors or insurers. Sometimes, the driving force is the concern of non-executive directors who are conscious of their responsibilities under the requirements for good corporate governance.
Regardless of these pressures, BCM should be regarded as an integral element of good management. It is foolhardy for management not to consider and plan for business continuity and minimize the disruption that would be caused to the
business.
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Business Continuity Management (BCM) has close relationship with Risk Management. In many organizations BCM is part of
an overall risk management function. This is particularly the case in financial organizations where risk management is well established, features very high on the corporate agenda, and is usually represented at board level. While the Turnbull
Committee has placed a lot of emphasis on risk, there are other factors that impact on the regulatory environment within which financial organizations operate. The international banking regulations established through the Bank of International
Settlements in Basle, Switzerland, have imposed increasingly sophisticated and extensive requirements for risk management within the banking system. The Basle Committee’s 2001 proposals (‘new Capital Accord’) are a major overhaul of the 1988 Capital Accord. The accord will apply to all major banks in the G10 countries from 2004 and it is likely that regulators in many other countries will adopt it. In the EU, the European Commission has stated its intention to apply the new Capital Accord to all credit institutions and investment businesses. The implications are regarded as far-reaching and will require significant investment by financial institutions in order to comply. There are onerous requirements which
will impact on risk management and business continuity activities.
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