Naslov
The importance of identifying opportunities and risk in enshuring business continuity

Autori
Buntak, Krešimir ; Kovačić, Matija ; Sesar, Vesna

Izvornik
Economic and social development (1849-7535) 46 (2019); 354-360

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
business continuity, Business continuity management system, ISO 22301, risk and opportunities, planning

Sažetak
One of the fundamental requirements that stakeholders have and its related to the organization is ensuring business continuity. Business continuity can be impaired by various events and risks which may result in an interruption in the delivery of the product, i.e. the provision of the service. Any interruption in business continuity also means less revenue for the organization, possible loss of market reputation, costs associated with remedying the consequences of risk, etc. In order to ensure business continuity, the organization can implement the business continuity management system and certify it with ISO 22301 norm. However, the implementation of Business continuity management has often not been sufficient and there is a need to integrate all management systems that will create synergy in the organization. To ensure business continuity, the organization defines plan. In addition, when creating a business continuity plan, it is necessary to analyze the opportunities and the risks and to define appropriate measures. For each opportunity, organization must define, measure to use identified an opportunity and for risk and consequence of the risk measures whit which they will be annulled.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA