To aid in the risk assessment process, SterlingCrest will utilize a variety of tools to assess several types of risk with a department and prevent losses from occurring. The risk assessment tools will include questionnaires, location inspections, and employee interviews. In addition, the risk assessment will include a thorough review of the company’s processes, policies, procedure, regulatory compliance, along with historical loss for corporate departments and stores. Once the assessments are complete, efforts can be made to address potential
Balanced Scorecard Organizations and upper-management often use a Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) analysis model to concentrate on the company’s competitive advantages, their possibilities, evaluate how to improve susceptibilities, and avoid coercion. Organizations depend on SWOTT analysis to remain successful in their industries. For a business to be successful and sustain their performance, the entity is obligated by their external environment to generate strategic objectives and constantly evaluate its vision and mission. Organizations must reflect on their mission and vision frequently to assess each for validity, consistency, and making sure the objectives are components useful to the desired vision. Businesses require a tool to measure the execution of objectives.
Identify types of disruptive events. Outline the contents of a business impact analysis (BIA). Discuss recovery strategies and the importance of crisis management. Explain backup and recovery techniques including shared-site and alternate site agreements. Introduction Upon reading this chapter, you may feel like you are preparing for a project management role rather than an information security role, but you’ll soon see that the interests of those who manage the business and those who safeguard it are intertwined.
Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics and social responsibility of a business effects wide groups of stakeholders. Stakeholders that include employees, investors, shareholders, suppliers and customers will be influenced by the formulation of strategic plan. The ethical responsibility of the business reaches beyond the responsibilities to stakeholders, it also impact the community and many downstream industries that may be affected by the plan. Ethical considerations must be given by managers as to how the strategic plan will influence the stakeholders.
Specific roles will have to be given to individual team members and allocate resources that help goals to be achieved. Afterwards we will need to identify sales target and reporting procedures and expected outcomes. Lastly we will need to let them know the actions they will need to take and how their actions will impact the work of other team members. Performance against the the organization’s quality and delivery standards will involve collecting data that relates to the actual performances of employees and mapping it against the expected performance. It is then possible to determine the extent to which actual performance meets intended performances.
Management is required to set realistic goals for the company along with objectives. A plan of action will be set and requiring management to let others be aware of the policies that need to be followed. Is helps keep the companies managers aware of the finances and the future of the company’s finances to make the right decisions. Controlling is when the company must follow the original plans that have been set from the beginning. Organizing and directing is thinking of ideas and putting into effect.
Identification of key variables and operational definitions is the next step. Management must determine the analysis and remain a part of it in the beginning. Testing of the measurement system needs to have managements involvement in the beginning also. Use of the gaging system helps measure the product, and is a variable. Be careful about a statistical problems
Conducting a SWOT analysis can help the operation identify the strategy-related factors that can have a major effect on the manufacturing process. The ultimate goal is to identify the critical factors affecting the manufacturing product and then build on vital strengths, correct flaring weaknesses, exploit significant opportunities, and avoid disaster-laden threats. The ultimate goal is not simply to develop the SWOT analysis but to translate the results of the analysis into
Before implementing risk controls, you need to assess the potential effectiveness and possible consequences. You should then suggest a realistic and acceptable time frame for implementation of controls and ensure that deadlines are complied with. Employees should also be consulted as they might have good ideas of what can be done to reduce the likelihood of injury or damage. Also when controls are to be implemented, organizations should communicate proposed plans to affected employees via a form of specific training, staff notices or the revision and a public workplace statement of revised standard operating procedures. It is important to identify and implement WHS procedures and instructions to keep aware of Possible hazardous occurrences, and to be on top of workplace WHS.
Goals and Objectives for a Security Organization Tracy R. Williams SEC/310 August 14, 2012 Mark Logan Goals and Objectives for a Security Organization To effectively manage a security organization, goals and objectives must be established. The security manager most assuredly should be educated on the legal aspects of organizational security and can be proactive in influencing the negative as well as the positive reports or results of the organization. Furthermore, the security manager should be knowledgeable of the value their expertise offers and the consequences or impact of failing to achieve the organization’s goals and objectives. Consequences of Failing to Achieve Goals and Objectives Security is involved and interacts with every aspect of personal, organizational, and group life. Corporate executives have come to realize that effective security protects the ultimate bottom line: that is, survival of the organization (Harowitz, 2003).