Critical elements in company assessment and evaluation
Company Critical Elements
Business Continuity is a vibrant industry dedicated to identifying, prioritizing and safeguarding critical business functions. From small businesses such as neighborhood bakeries to business titans such as Microsoft, each entity that can name, rate and guarantee the continued functionality of its required systems can survive in crisis. As painstaking analysis shows, the critical processes of all modern businesses fall into common basic categories that are vital to survival.
Using the example of a bakery, the analysis of business functions uses a rule of thumb that the critical functions can sometimes be identified by their absence, which prevents your business from earning income.
Though there are numerous methods for identifying and prioritizing business functions, assigning numeric values based on each function's Time Before Impact, Customer Impact, Regulatory Impact and Financial Impact, then assigning a related alphabetic Sensitivity Code to the numeric total allows management to identify the most critical business functions.
While the kinship among all modern businesses might not be readily apparent, systematic examination and prioritizing of their critical functions show an underlying affiliation of basic Function Areas. Furthermore, when the critical functions comprising Production, Distribution, Customer Service and Information Technology are uniquely identified for a business, whether that business is a bakery or Microsoft, management has made the first step in formulating a viable plan for survival.
Facebook research and its applications
This article discusses corporate competitive strategy at several levels, corporate government, and the value proposition of Facebook, Inc. A focus of the discussion is how Facebook has used acquisitions as an effective competitive strategy in the face of pressing increased market share by Google and Twitter. Also, some discussion is devoted to the IPO and Facebook's shaky relations with customers due to privacy issues.