Stakeholders and their Impact on Business Continuity plans from Acenden Mortgages
Stakeholders and their impact on business continuity plans from Acenden Mortgages Any good business continuity plan will require support from every part of the organization. Three areas of a company will have a direct impact in how a continuity plan is developed; the management, the executives and the general employees. Although not all of these groups will participate directly in the discussion or writing up of the plan, their attitudes and actions will have a clear impact on the outcome of it. The executives in a company will play a key part in the development of the plan. There individuals help to establish the foundation of the plan, and also communicate its importance to the management and other personnel within the company. The executives will also be in charge of arranging the funding for various aspects of the plan, and will develop policies relating to how the plan should be carried out. Because many of those in senior management roles in a company will interact with the executives, they will serve as the educators of the general employees regarding the executives’ ideas about the continuity plan. They can also listen to the feedback from the general staff on the plan’s functions and procedure’s, and work with the executives to address any concerns. Once the plan has been fully developed, it will be the management’s job to interweave the continuity process into the business’s daily operations. Last but not least, the general workforce within a Acenden will have an impact in a company’s business continuity plan. It’s essential that that employees are made aware of what the plan involves, as they are often the ones who are most affected by continuity processes. When practice runs for certain processes are carried out, the general employees will be able to provide the management with valuable feedback, regarding what aspects are most effective.