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Homework answers / question archive / In regards to opening a microbrewery, describe the things that will need to be considered when developing a business continuity plan
In regards to opening a microbrewery, describe the things that will need to be considered when developing a business continuity plan. Include potential threats to both critical and non-critical business functions, and how you plan to restore those functions with minimum delay. Discuss how the form of the microbrewery (sole proprietorship, partnership, LLC, or corporation) will affect the business continuity planning.
Business continuity plan
This s a document outlining how the business will continue operating during an unplanned interruption and usually provides strategies on how the business operations can be maintained for both short-term and long term outages.
Threats to the critical functions
Management problem
competition,
availability of raw materials
Government regulations
Threat to no-critical functions.
Data corruption,
supply failures
Attacks and thefts,
How will the form affect continuity.
The form of the business is very crucial in the management of a business. A sole proprietor business will easily be managed by the owner since he/she is the sole decision maker in the business. no complex procedures are needed in its running and management. the sole proprietor who is the own will always be determined in making his business better though he has got limited access to services such loans and grants. he will have to put more capital into the business to ensure stability and continuity.
When the business is corporation, its management will involve complex procedures that will sometimes delay its operations due to lack of a common decision making among the management parties. this will sometimes delay their operations. the business command a wide capital source due to easy access to loans and grants and therefore facilitating their operations cost.
partnerships have always have a great challenge in management and continuity due to disagreements and lack of a common goal. its a a challenge uniting the partners towards having a common decisions , more so in situations where urgent decisions have to be made. this to some extent will undermine there functions while at the same time the command a large financial base and can venture in big business.
Step-by-step explanation
Business continuity plan
This s a document outlining how the business will continue operating during an unplanned interruption and usually provides strategies on how the business operations can be maintained for both short-term and long term outages.
Threats to the critical functions
Management problem, the business operation will be successful when an appropriate management is employed. if not well managed then the business may fall soon after after the establishment. I will ensure that a qualified management team is employed to enhance the smooth smooth running of he business.
competition, The business is established in an environment where other business are also competing for market. I will ensure the services offers are of high quality to beat the competitive breweries business.
availability of raw materials, to be used in the production to maintain the production process. when getting the raw materials become a problem to the business, then its operations will be hindered.
Government regulations, the government will to regulate various functions of the business hence making it ineffective some time.
Threat to no-critical functions.
Data corruption, the data provided about the business with tell the exact definition of the business, when a wrong data is given the, business is likely to fail. the data given about the business will be accurate to avoid confusion.
supply failures, the supply chain may face challenges that may hinder the supply of the business products. the business will have to employ qualified supply agents to ensure continuity of the supply chain.
Attacks and thefts, the business can attacked and its operations interrupted. the business intends to employ qualified security personnel enhance good security into the business premises.
How will the form affect continuity.
The form of the business is very crucial in the management of a business. A sole proprietor business will easily be managed by the owner since he/she is the sole decision maker in the business. no complex procedures are needed in its running and management. the sole proprietor who is the own will always be determined in making his business better though he has got limited access to services such loans and grants. he will have to put more capital into the business to ensure stability and continuity.
When the business is corporation, its management will involve complex procedures that will sometimes delay its operations due to lack of a common decision making among the management parties. this will sometimes delay their operations. the business command a wide capital source due to easy access to loans and grants and therefore facilitating their operations cost.
partnerships have always have a great challenge in management and continuity due to disagreements and lack of a common goal. its a a challenge uniting the partners towards having a common decisions , more so in situations where urgent decisions have to be made. this to some extent will undermine there functions while at the same time the command a large financial base and can venture in big business.