TOKYO — Sony is best known as a consumer electronics company, making PlayStation game consoles and televisions. And it loses money on almost every gadget it sells.
Sony has made money making Hollywood movies and selling music. That profitable part of the business is what Daniel S. Loeb, an American investor and manager of the hedge fund Third Point, wants Sony to spin off to raise cash to resuscitate its electronics business.
But as Mr. Loeb pressures Sony executives to do more to revive the company’s ailing electronics arm, some analysts are asking, Why bother?
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When it comes to disasters, people and businesses tend to think big, really big. Take for example Superstorm Sandy that hit the eastern US earlier in November. It can be pretty much guaranteed that a whole string of businesses will be preparing diligently for the next big storm. While this is important, smaller issues that happen at a higher frequency will be pushed to the side. One common issue revolves around passwords, and who manages them.
There are many reasons as to why you would spend time developing a Disaster Recovery Plan (DR) that fits your company. The biggest reason is because it will help during times of disaster, and could be the difference between your business failing or succeeding. Often when we develop such a plan, we only look at the immediate surroundings, which could make the strategy too narrow. When developing a plan of action, it might help to look outside your region and country to what other regions are doing in relation to DR.
Business continuity – the act of ensuring that business activities are available at all times, including during disasters – is a practice all businesses, regardless of their size, should be implementing in their organization. While many businesses backup their data and think that they’re protected, they will find that during times of disaster they aren’t.
Disaster Recovery (DR), the act of ensuring that your systems and departments are ready for a disaster and that your IT systems can recover from it, is an important issue for all companies. While large companies with operations in more than one country can often bounce back quickly, small to medium businesses in the disaster area might have a tougher time, Ensuring a DR plan is reliable is necessary for small to medium sized businesses.
The Internet is the lifeblood of many, if not all companies. We rely on it to communicate, research and relax, and in the modern world, we hardly disconnect from it. As we increasingly rely on it, any disruption in service will normally cause employees to be less productive and your company to lose money. Any slowing down with your Internet can be just as bad, if not worse.
Most elevators/lifts in North America, Australia and the UK have a sign saying something along the lines of, “If there is a fire, don’t use the elevator/lift.” In Hong Kong, all elevators have signs that say, “When there is a fire, don’t use the lift.” The changing of one word, “if” to “when” presents a large difference of outlooks. In Hong Kong, people and businesses expect a disaster to happen. This is a viewpoint small business owners should adopt as well.
Business Continuity Planning (BCP) – a plan on how to keep your business operational during any adverse conditions – is an important process that every small business should implement. One of the major aspects of this is where you should backup your business’s data. Having a backup of your data is like an insurance plan for your company, with it, you’ll be able to keep operating during adverse conditions.
Business Continuity Plans (BCP), plans on how to provide a stable service, or recover after adverse actions, have become top of mind with many managers. Businesses have adopted such plans, or are in the process of implementing one, but owners may have missed some crucial elements that could result in an ineffective plan.
