Consequences of Disdaining from a Business Continuity Plan. : An Example: XYZ Ltd.
Islam, Jobair (2016)
Islam, Jobair
Laurea-ammattikorkeakoulu
2016
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201605025856
https://urn.fi/URN:NBN:fi:amk-201605025856
Tiivistelmä
April 2013, was the saddest day for garment industries in Bangladesh. On that particular day an eight storied commercial building (Rana Plaza) in Savar, Dhaka collapsed leaving 1 129 people dead and 2 515 people injured. This historical event of sadness made a massive impact on the garment industries of Bangladesh and the impact was severe on the garment business-es for next four months after the disaster because of the international pressure over safety regulations of the workers.
XYZ Limited is one of the thousands garment factories in Bangladesh which was affected by the Rana Plaza tragedy. Unfortunately, the company- XYZ Limited had no idea about the im-minent disaster and the company did not have any proper business continuity plan. The lack of business continuity plan made it difficult for the company to recover from the disaster and the adverse effects continued for several months. Thus the very organization had to concede a huge loss in its business operation.
This qualitative research highlights what happened to the overall business of XYZ Ltd. on a disastrous event because of not having a proper business continuity plan; special attention has been paid in financial losses. Along with this, the research also presents a business conti-nuity plan for XYZ Ltd. in order to offer robust security measures against future threats.
Ultimately, the research is a yardstick for a company who does not have a business continuity plan and/or has an inactive business continuity plan and is willing to create or implement a business continuity plan in order to get the business agile and resilient.
XYZ Limited is one of the thousands garment factories in Bangladesh which was affected by the Rana Plaza tragedy. Unfortunately, the company- XYZ Limited had no idea about the im-minent disaster and the company did not have any proper business continuity plan. The lack of business continuity plan made it difficult for the company to recover from the disaster and the adverse effects continued for several months. Thus the very organization had to concede a huge loss in its business operation.
This qualitative research highlights what happened to the overall business of XYZ Ltd. on a disastrous event because of not having a proper business continuity plan; special attention has been paid in financial losses. Along with this, the research also presents a business conti-nuity plan for XYZ Ltd. in order to offer robust security measures against future threats.
Ultimately, the research is a yardstick for a company who does not have a business continuity plan and/or has an inactive business continuity plan and is willing to create or implement a business continuity plan in order to get the business agile and resilient.