Contigency Planning Essay

2050 words - 9 pages

Contingency Planning in Action
(Name)
(Course)
(University)
Date of presentation:
Lecturer:

Contingency planning is an integral part of any organization that intends to survive in the current competitive business environment. The main aim of contingency planning is make sure that a business ...view middle of the document...

This company is known as Seinfeld Microfinance specializes in supporting the set up and growth of small businesses and innovators. The headquarters has Fifty employees broken down in the following way; five in top management, ten in finance department; five in Human Resource management. The headquarters has five IT specialists that deal with the daily Information Technology routine of this small bank. Additionally, there is a branch manager, an operations manager, five sales agents, five customer care consultants and five tellers, a regional manager that coordinates the two branches and seven subordinate staff. The spare branch in Queens New York has a branch manager, an operations manager, five customer care consultants, five tellers and five subordinate staff. This brings the total number of employees of Seinfeld Microfinance to sixty seven. The primary business functions include holding accounts for customers; saving accounts, fixed deposits, salary accounts, provision of credit facilities startups, networking between innovators and investors. This microfinance focuses on delivering to customers on Information Technology effectiveness and has employed strategies whether technological or operational to make this a reality. This includes use high security volts to store cash in-house and employing trusted security companies to transport cash.
This firm employs the use of ultra modern automated machines to serve customers. Use of the latest cash counting machinery to ensure accuracy and make tellers work easier. In addition to this the bank has employed the use of CCTV cameras to keep sight of all activities taking place within the premises of the bank. This microfinance company faces a number of risks that can impair its operation and general performance. Some of these risks include; theft , the threat of hackers interfering with mobile money transfer, burglary of ATMs, fire to the premises, bad debts and robbery. This are threats that can paralyze the operations of this firm and incase they materialize can even lead to the ultimate collapse of the microfinance organization. This organization is lacking in its contingency planning efforts and requires assistance in ensuring these efforts are appropriately addressed to increase its overall security and preparedness posture. The next section of this essay outlines efficient contingency plans that can assist Seinfeld Microfinance to thrive in a potential crisis and still be operational in the face of possible catastrophe.

There are several processes that are involved in coming contingency plan for the Seinfeld Microfinance limited. First and foremost is the IRP also known as Incident Response Plan. This is a systematic and detailed procedure and processes that detect, anticipate and mitigate how an event that is unexpected will negatively affect and compromise firm assets and information resources. When coming up with the IRP team it will consist of all the five IT experts and the...

Other Essays Like Contigency Planning

The Versatility And Flexibility Of OLED's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages Throughout history, animals have been used in experiments to test product safety and obtain medical knowledge that benefits both humans and animals alike. Every year there are numerous medical breakthroughs, such as medications and surgical instruments, which are tested on animals to insure their safety before they are deemed acceptable for human use. Even though the results of the experiments saved millions of human lives, they are also

Education And The Evolving Job Market

2363 words - 10 pages way material is presented, the more likely they are to reach all students and leave none behind. With so many options for a differentiation in a unit, how does a teacher go about choosing which methods are best for which unit? To help ease the decision process, Gregory and Chapman (2007) offer simple six-step model for appropriately planning and implementing differentiated instruction into each component. First, teachers must consider what

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

The Pathway To Psychosis

1415 words - 6 pages “How all occasions do inform against me” is a line from act IIII, scene IIII of William Shakespeare’s Hamlet. This line, spoken by Hamlet, expresses his emotional state as he is currently overwhelmed by the death of his father, the king of Denmark, and the situation surrounding it. After Hamlet learns of his father’s death he finds out that his mother has married Claudius, Hamlet’s uncle. On top of all of that, Hamlet soon after

Related Papers

Human Resource Essay

3054 words - 13 pages Leader versus Manager Qualities 图第九周7 What makes effective leaders Intelligence, values and appearance/Physical characteristics/Social characteristics The level of interaction between leaders and followers Personal Characteristics of Leaders 图第九周9 Task-oriented Behaviour The extent to which the leader directs subordinate work activities towards goal attainment Give instructions/Spend time planning/Deadline focus/Explicit

E Government Essay

3720 words - 15 pages through administrative implementation. To achieve this, managers must undertake the following functions: • organization • planning • staffing • directing • controlling Leadership is just one important component of the directing function. A manager cannot just be a leader, he also needs formal authority to be effective.  Differences In Perspectives Managers think incrementally, whilst leaders think radically. "Managers do

Global Team Wants To Reap The Wind

5554 words - 23 pages TEAMS Comprising of 10 to 15 individuals who take on long-term responsibilities of their former supervisors while retaining their prior responsibilities 6. Typically this includes planning, scheduling of work, assigning tasks to members, and collective control over the suppliers and customers. Self-directed teams select their own members and have members evaluate each other’s performance; as a result supervisory positions take on

The Separation Of Capital Ownership And Control

1577 words - 7 pages The argument of whether the separation of capital ownership and control is an efficient form of organization has constantly been a controversial issue. The criticism whether the controllers’ act is in the best interest of the owners’ wills never end as long as hired managers operate management. As the number of public companies has been increasing over the course of this century, meanwhile the American style of contact based corporation has