Globally, there is competition for raw materials and human resources. Business organizations and entrepreneurs have established industries that are used in the production of goods and provision of services. Establishment of more industries and business organization has led to the creation of employment opportunities. The organizations require attendants, the staff, the cleaners and the information technology technical that are responsible for ensuring that the systems are effective to the organization. Availability of labour in the industries and other organizations has led to the creation of finances to cater for the organization development. The employees in these industries require salaries that are disbursed at the end of every month. Due to the availability of industrial organizations investors have come up with strategies to deal with the rising cases of competition in the global business environment (Gostin & Friedman, 2015).
Organizations are using the advertisement platforms to advertise their products to the consumers. Their goal is to inform and persuade the consumers about the availability of the products in the organizations. For instance, business merchants are using the media to advertise their products. The modern technology has led to the creation of employment opportunities. Organizations have adopted business strategies that are significant in the scramble for raw materials, consumers and the human resource. Advancement of the modern technology is currently the main cause of high competition in the business enterprises. Establishment of more business industries, companies and corporation has led to the establishment of financial organizations (Gostin & Friedman, 2015). The World Bank is a financial organization that deals with the provision of banking services to business individual, corporation, organizations, and other large companies. The World Bank is known because it is the organization that provides loans and grants to the government. There is the establishment of business organizations in the world. The establishment of these organizations has been brought by the increasing number of birth rates. Due to the high population, the investor has identified a gap that is available in all countries. The investors have introduced a financial organization that deals with the provision of financial resources to the government and other business organizations (Ward et al., 2015).
There are issues that have led to the failure of the provision of financial services by these business organizations. Availability of cybercriminals is the rising trend in the management of banking organizations. Cyber attacks are common in the departments that are responsible for controlling the money resources in the economy. The criminals use the usernames and the passwords used by the technicians to access the information in the data system. Theft of significant information about the organization can lead an uncontrollable impact on the organization. The organization can lose a huge amount of money if the systems are attacked by a cybercriminal. It’s therefore important for large organizations to come up with a disaster recovery plan. The plan enables the organization to recover the resources that it may lose in the future. The recovery plan entails the aims and the objective that the enterprise wants to achieve during their trading period (Serrao-Neumann, et al.,2015).
Since it’s impossible to control the nature the organization may not be able to come up with disaster recovery technique during planning. The cases of the occurrence of natural calamities in the business environment are somewhat fatal. The management can decide to deal with the issues that are caused by human activities. However, the organization can strategize on using business knowledge to control natural occurrences. Availability of cyber attackers is the most critical problem that organizations should address (Pyles et al., 2018).
To minimize the impacts of the effects of cyber security and other disasters that are evident in business organization, its significance for an enterprise to come up with a disaster recovery plan at the beginning of the trading period. There is a need for the government to establish policies that must be used by every business organization to curb the problems that may occur during its existence (Serrao-Neumann, et al.,2015). The government is supposed to come up with the laws to control the occurrence of disasters that are caused by human activities. It should provide for the establishment of systems that should be used by businesses to submit their disaster recovery plan at the beginning of their trading period. The strategy would help the investors to cope with cyber activities since the plan will include the financial resources that will be set aside by every organization to curb the rising issues of business insecurity.
An organization that has a well-organized disaster recovery plan can afford to maximize huge amounts of profit where the investors are attracted by the business activities and systems. Entrepreneurs are likely to invest in the business organizations where security of their financial resources is assured. For example, a banking institution that has a security system and the organization has a disaster recovery plan; the organization is likely to attract more investments thus increased profits (Gostin & Friedman, 2015).
Advancement of the modern technology has led to increased production of goods and services.The systems that are used in the organization are efficient and can accommodate changes. Organizations are using various strategies to manage the business operations effectively (Gostin & Friedman, 2015). Use of the real-time type of communication strategy is an important model that has been used by most of the business organization. The strategy entails the communication of the manager about the managerial decisions to the business enterprise. The manager provides effective managerial decisions that play a great role in the development of the company. Technological advancement has also led to improved consumers and the organization relationships. A good interaction between the organization and the consumer leads to high-profit-margin since the consumer is satisfied with the products in the organization and therefore they tend to purchase more commodities. On the other hand, there are challenges that have evolved due to the use of the modern technology. Individuals are now equipped with knowledge of the cyber technologies. Due to their advancement, people have discovered the criminal technique of accessing organizational sites to capture confidential information. It’s therefore important for all business organization to secure all the systems in every department (Serrao-Neumann, et al.,2015).
The World Bank is an organization that deals with the provision of financial resources in form of loans to the third world countries. The organization specifies the provision of these resources for them to complete the infrastructural project. The organization provides health facilities, aids and donations to the individual in these countries. The aim of the organization is to help the people who are living in these countries get the basic needs. The organization eradicates in the fight against poverty (Gostin & Friedman, 2015). The organization provides donations, for example, clothing, food facilities and provides proper housing facilities to the people in these states. The countries that have not yet achieved the objective of overnutrition are the significant targets of the organization.
The organization is responsible for providing basic education to the people in the developing countries. For a decade, there have been a number of uneducated children in the developing countries. The organization provided education facilities where it establishes education centres for both the young and the aged (Serrao-Neumann, et al.,2015). Globally, their number of women has drastically increased compared to that of men. The organization is responsible for ensuring that gender balance and equality is maintained in the developing nations. The organization has been using strategies such as action plans to empower women economically (Gostin & Friedman, 2015).
The organization ensures that the mortality rate for the children below the age of five years is reduced. Globally, nations are supposed to ensure that children are prevented from diseases. The government is supposed to provide health facilities to the children, therefore, reducing the mortality rate. Most of the children in the developing countries die where the government is responsible for providing the measures to prevent the death of children. The World Bank provides health facilities to these countries, therefore, minimizing the mortality rate (Bolin & Kurtz, 2018).
The World Bank ensures that the developing countries develop its infrastructure and achieve the global development goal. The donors are supposed to fulfil what they had pledged to achieve a global development environment. The bank ensures that maternal deaths have reduced in the developing countries. A large number of women die during pregnancy where in some instances; the death can be controlled (Gostin & Friedman, 2015).
The organization provides the facilities that are required by women during childbirth. The organization intervenes on the causes of maternal deaths to women. The organization develops a plan that is used in ensuring maternal deaths of women is reduced.
The organization provides curative methods and health facilities to curb the spread of diseases such as malaria and virus such as the HIV virus. The HIV virus is evident in the developing nation. Due to its development, the World Bank provides programs that are essential in maintaining the health conditions of the people living with HIV virus. The business organization also provides the facilities that are used in preventing the spread of diseases such as malaria in the developing countries (Mannakkara & Wilkinson, 2014).
However, there are challenges that affect the organization. Cyber attacks that have hindered its development. The cases of cyber-related activities have been reported in the World Bank organization. The employees in the organization are equipped with knowledge and skills that have enabled the organization to deal with the crime. Due to the [possibility of the occurrence of cyber attacks in the future, the world bank organization has introduced significant strategies in dealing with the cyber insecurity (Aldrich & Meyer, 2015). They are the analysis that has been put in place during the formation of the organization. Business analysis is an example of a strategy that has been used by the organization to explain the impacts the bank will incur in the future in case a disaster will be reported.
The analysis provides the measures that the organization is supposed to consider in case damage occurs. The risk analysis is a strategy that the bank uses in dealing with the challenges that may occur in the future. The analysis addresses the issue on the issue that is related to the organization systems.
The risk analysis enables the organization to come up with the challenges that affect the systems in the organization. The analysis provides for the security of the consumer information in the system. The disaster recovery planning team is established just after the analysis of the risk. The team is responsible for providing important facilities that would be effective in the prevention of future occurrences (Bolin & Kurtz, 2018).
Financial resources are provided to the departments that are responsible for minimizing the chances of the occurrence of the damage to the organization. The business organization is responsible for meeting the objectives of the organization. It’s significant to give an organization enough time to recover from the last damage since there are bureaucracies in the implementation of a plan. It is significant to set a realistic goal in the organization to enable the organization to convince its consumers thereby enhancing business success (Gostin & Friedman, 2015).
The World Bank Disaster Recovery plan
Globally, the world bank is a well-known organization because of its business operations. Therefore, there is a need for it to be careful when carrying out its operations to avoid disasters that may arise in the future. Despite the criticism that the organization has been getting from other organization, the institution has involved itself in the mining of important gases and petroleum products (Ward et al., 2015). It’s therefore vital for the organization to be careful while planning all the activities in its operations. The bank has been using strategies to cope with the disasters that may probably arise in the future. The bank has focused on the measuring the performance of the bank on its business operations. The organization has been providing banking and aid facilities to other institutions and countries respectively (Bolin & Kurtz, 2018).
In the evaluations, the bank has been focusing on the development of individual countries in terms of its economic development. The organization focuses on the assessment of individual well-being. The system of the assessment enables the organization to come up with the policies and programs that enable the organization to avoid disasters that occur in the lifecycle of an organization (Aldrich & Meyer, 2015). Here the organization is forced to focus on the achievement of the organization objectives by implementing the policies that are evident in the plan. There is the evaluation of interventions that aim at the maximization of the reduction of the rate of poverty in the developing countries.
The way the World Bank deals with the way it accesses the organization information is a key method of avoiding disasters that may arise in the future. The organization has come up with a technical system of information breakdown to the members of the public. The members are now getting information about the programs, the projects that the organization is about to start, the proceeding of its board, and the projects that are about to be implemented (Pyles et al., 2018).
In the last one decade, the means by which the organization has been disclosing its information has changed due to evolution.thr bank usually discloses the information that is not in the list of the organization exceptions. It means the organization is able to establish accountability and transparency in all the institution in the world. The way the organization maintains confidential information to the public enables the organization to realize its objectives at the end of its trading period. The organization is able to implement its projects and programs that it has established in the respective countries (Aldrich & Meyer, 2015).
Risk identification is the first step in the implementation of the plan. The organization establishes a plan that must be able to favour the current and the activities that may probably occur in the future. When coming up with the plan, the organization focuses on the disaster intensity. The organization comes up with the measures that may take into account when implementing the plan (Gostin & Friedman, 2015).
The World Bank is an organization that deals with the provision of financial facilities and services. It is therefore significant for it to be careful with both the employees and the systems. Technological advancement has led to an increase in the ceases of cyber insecurity. People are now able to access the systems of individuals in the organization. Cybercriminals are using the websites and other platforms to make the innocent account holders provide confidential information about their accounts. Due to the increase in cyber insecurity the World Bank has come up with methods to protect individual accounts. The system is secure in a manner that the individual accessing the site must provide all the account details including the private usernames and the passwords (Mannakkara & Wilkinson, 2014).
The shareholders are advised to make their accounts confidential where they are not supposed to reveal any information about their accounts. In some cases, the systems are run by more than two individuals where no transaction can be done where one client is not present. The strategy has helped the organization protects itself from cybercriminals that are using the systems of the organization to fraud a huge amount of money (Ward et al., 2015).
Steps in the Development of a recovery plan
Shareholders are important determinants of the existence of the organization. It is therefore important for the organization to involve them in the decision making. The organization sets up the rules and regulations that are supposed to be followed by every member of the organization. The members are supposed to ensure that all the rules regarding the organization are implemented (Aldrich & Meyer, 2015). The organization highlights the risks that are likely to occur during the operations and the activities of the organization. The cyber attacks and the breakdown of the system of the organization are given the first priority. All the operations of the organization are evaluated and monitored to comprehensively implement the plan.
Recovery plan checklist.
When developing a recovery plan, the following are the details that must be taken into account. The scope of the plan must be well analyzed.These are the operations pertaining to the institution. The organization must have a good layout of the important documents that highlight the objectives and the goal of the company (Bolin & Kurtz, 2018).
- Awareness about the availability of the risk.
- The history of the disaster.
- A disaster recovery team is developed.
- Managers should be very active when a disaster recovery team is developed.
- The plan should be updated annually.
- The World Bank Disaster Recovery Plan
The pan must allow being specific branches of the bank. The plan must address the following areas for the plan to be well implemented.
A recovery plan for information security. The organization must allocate information hubs the sources of power and the time that is taken by the organization to recover from the recent disaster.
Information based. The organization is supposed to come up with a plan that entails the storage of important information, the systems and all the backups that may be needed by the organization.
A recovery plan based on the network. The organization must have a good computer network to enhance efficiency when sending and receiving important information while carrying out its operations (Pyles et al., 2018).
Globally, technological advancement has brought out trends that have become a disaster in most of the organizations. The cybercriminals are using organizational systems to fraud a huge amount of financial resources. Due to the availability of the trend, organizations have come up with disaster recovery plans to deal with the increase in the cyber insecurity. The plan ensures that the current and the future activities are considered. The managers are responsible for ensuring that the disaster recovery plan is implemented for the organization to realize its objectives at the end of its trading period.
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