Essays on Business Action Plan - an In-depth Analysis of Risk Management Strategies Assignment

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The paper “ Business Action Plan - an In-depth Analysis of Risk Management Strategies” is an affecting example of a business assignment. Information technology investigation will form the better part of the undertaking. The dire need of businesses to improve their efficiency has led to many economical hitches due to the overlooking of the basic elements in the adoption process of information systems. The investigation brings out the mistakes most businesses do in the adoption process that has led to massive data losses and the exposure of business operation codes to competitors.

The relevant formulation of policies will precede the investigations. This will help in the clearing of the air and until the problems are sourced and solved, the question of whose mistake was it will remain null and void. 1.0.2ScopeBusinesses' information systems in the recent past have been at the forefront in the tussle to adopt or incorporate new business ideas and technologies that will help them attain a competitive advantage. The marketplace niches have been diminishing day in day out and the monopoly of any marketplace has been a thing of the past.

The phenomenon of rapidly changing market trends has been on the rise and this has made the business operation processes somewhat costly and unpredictable (Collins 2001). In this report, the analysis of the Massive tech company will be discussed and the relevant solutions stipulated in the solving of the setback that brought down its information department due to cyber attacks. The company lost a vast information base and has been having hitches that have made it struggle to recovery owing to the remedial process costs. The uncertainty of events that happen within the business has been the most restraining factor caused by both humans and also by naturally occurring factors.

The process of proactive protection of business has always saved the collapse of many businesses since the prediction of such events is somewhat possible through the use of available theoretical and empirical machinery. Reactive risk protections have been the most influential measures that cater to the risks that may happen within the business operation periods (Schein 2004).

References

Brandenburger, A M &Nalebuff, B.J 1999, The right game: use game theory to shape strategy, In Harvard business review of managing uncertainty, Harvard Business School Press,Boston ,massachussets

Brian, EF, &Gapenski, L C1991, Financial planning and control, Harcourt Brace Jovanovich, New York, NY.

Collins, J 2001, A culture of discipline.RandomHouse, London.

Gary, L2006, Cognitivebias, Harvard Business School Press, Boston,massachussets.

Hubbard, DW 2009, The model of uncertainty: Decomposing risk with Monte Carlos, Johnwiley&sons,New Jersey

Luecke, R, 2004, Contingency planning preparing today for tomorrow’s problems, Harvard Business Essential, Boston, Massachusetts.

Schein, EH 2004, Assumptions about managing internal integration,3rdedition, Jossey-Bass, San Francisco.

Stacey, R,2005, Strategy as order emerging from chaos, Thomson learning, London.

http://www.zdnet.com/news/paypal-hit-by-ddos-attack-after-dropping-wikileaks/489237

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