To compete in today’s global market, regulated companies must comply with innumerable requirements, directives, and standards coming from regional, national, and international bodies. While these requirements vary based on industry and the regulatory body involved, they do have a common denominator—emphasis on risk management. Continue reading
The International Standard Organization (ISO) has always known that there is a definite relationship between Process Planning and Process Auditing. They connected those two activities in ISO 9001:2000. The manufacturers, of course, had to plan the Process Flow for a product from “Input” to “Output”. In general, the Internal and Third Party Auditors did not audit the Process Flow as directed in ISO 9001:2000 and ISO 9001:2008. The Auditors audited mainly for compliance with the Standard.
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REDEFINING THE BIA – USEFULNESS AND USES
If we agree on the basic premise that Business Continuity can be defined as sustaining what is critical to the enterprise’s survivability during periods of discontinuity; then we must recognize that the activity known as the Business Impact Assessment (Analysis) or BIA needs to be redefined. The BIA, as currently practiced does not necessarily achieve the following:
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t is generally accepted that modern industry and society is sufficiently well equipped to fight environmental risks, and that the practices in use are also sufficiently effective.
Nevertheless, tremendous mistakes have been – and will certainly be – made that led – and will lead – to the destruction of whole forests and of many animal species.
It may sound a bitter joke or a science fiction script that one day someone may come up with the idea that to save the Environment, population reduction would be the best solution. Continue reading
The Business Model Innovation deck below was developed by S. D. Janakiram. The deck illustrates how innovation has become a global phenomenon.
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