The paper 'Medium and Large Size Business Continuity & Risks in the Kingdom of Saudi Arabia" is a perfect example of a business research paper. This research study will deeply evaluate medium and large size business continuity & risks in the kingdom of Saudi Arabia. The specific study objectives are to critically investigate continuity management for business in the current economic climate, clearly identify risks management in communication style, to investigate the risks that result from the business communications style, to build case study about the communications style in the gulf region with the worlds given examples of how medium and large business and trades communicates with the world. Chapter one sets the framework for this research.
It presents the study background, problem statement, study objectives, research questions, the scope of the study, and the significance of the study. Chapter two of this paper reviews literature as an account of the knowledge and ideas that have been established by accredited scholars and experts in the field of study. It is guided by the study objectives identified in the first chapter. The chapter explores on medium and large size businesses in the Kingdom of Saudi Arabia, their descriptions, continuity and their possible reasons for failure as well as the various risks involved and the management of these risks.
The chapter contains a definition of large and medium-sized enterprises. Chapter three presents methodology to be used to select the sample, from which research will be carried out and methods of selection of respondents. It also explains the methods that will be used to collect process and analyze data. The identified methods to be used for data collection include questionnaires and interviews.
The paper also presents anticipated challenges during the actual research study. These include time and financial constraints as well as difficulty in acquiring information from the respondents. CHAPTER ONE Introduction Business continuity is a vital aspect in the successful running of medium and large business enterprises. As more and more businesses in different parts of the world and inclusive of those in Saudi Arabia continue to experience huge losses and suffer severe casualties that result from accidental, natural or natural disasters, the issue of business continuity is no longer a concern of just the department of Information Technology but for the entire business as a whole (Jacques & Rossouw 2004).
There is a need for medium and large enterprises to take all necessary steps to ensure that they safeguard their enterprises, people, property, equipment as well as other assets as a way of ensuring that are well prepared for the occurrence of any disasters. This can be done through effective Business Continuity Management (BCM). Business Continuity Management refers to the process of ensuring that service and operations provision within companies is uninterrupted or remains continuous.
It is a continuous process with a number of complementary but different elements and which entails the disaster recovery, enterprise recovery, enterprise resumption, making of contingency plans as well as crisis management. Planning for BCM can be defined as the process that focuses on ensuring that business processes are continuous. BCM makes a key part of CEM (Comprehensive Emergency Management) which forms a key factor in the survival of a company during and even after disruptions (Savage, 2002). It is through this that the enterprises will also ensure that they are capable of resuming to normal business operations within the shortest time possible.
If not prepared, the occurrence of any slight unexpected disaster can be disastrous in terms of business and have serious consequences (Bandyopadhyay et al. 1999). Implementation of business continuity has now become an almost mandatory undertaking for businesses to maintain competitive advantage and consumer confidence during times of uncertainties. This paper explores business continuity and risks within medium and large enterprises in the Kingdom of Saudi Arabia. It looks at the implementation and role of Business Continuity Management and Risks within the various enterprises in KSA.
Bandyopadhyay, K. & Mykytyn, P. & Mykytyn, K. (1999). “A frame work for integrated risk management in information technology”. Management Decision, 37 (5): 437-444.
Bashir, G. (1997) ‘Competitiveness of Saudi Industries: Manufacturing Costs and Productivity’ Economic Bulletin 26, Saudi Industrial Development Fund.
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DiLossie, B. & Fradin, J. (2006). Lessons Learned from Hurricane Katrina: How to Maintain Operations during a Natural Disaster. PA: Sungard Availability Services.
Jacques, B. & Rossouw V. (2004). "A cyclic approach to business continuity planning". Information Management & Computer Security, 12 (4): 328-337.
Rothstein, P.J. (2002, October). Averting Disaster: Moving Toward Business Continuity Management. HP WORLD Magazine. Retrieved May 30, 2011, from http://www.servicelevelbooks.com/articles/averting.html
Savage, M. (2002). “Business continuity planning”. Work Study, 51(5):254-261