BUSINESS IMPACT ANALYSIS OF SAMSUNG COOPERATION
Therefore, a business impact analysis (BIA) is created in the business. BIA is a process that depicts and evaluates the crucial effects of failure of occurrence of delay of provision of certain stages or processes or materials required by the business in the operation which negatively affect the business. The factors could affect the business as far as finances, life/safety, law or authority, contractual and business name. BIA is meant to assist predict the consequences that may occur as a result of delay, disruption or complete failure of supply of certain necessities of the company. The analysis assists the businesses prepare and plan for the future in the case of occurrence. However, the organization makes god ties with a competitive firm to act as savior in the cases of failure.
In real life, people plan for the BIA many ways. For example, creating a Google drive account to store and back up information is one way. The information saved in the cloud is easily retrieved at any time in the instance of urgency and need (Brian, 2002). The need to identify, analyze and strategize on the BIA aids the business in preparation for the impact on disaster on business and enhances the basis for recovery strategies during occurrence of loss or shortage outcome resulting to financial situation in the business. The processes may include but not limited to developing products and services, creation of a business plan, analyzing the business markets, and designing products and services. Fourth, functions that relate to marketing, sales and customer accounts.
Under this function, the business conducts processes like advertising, billing, managing accounts, and branding. Last business function include customer and after sale services. Typically, this is a crucial function that deals with creation and maintains of customers as vital players in the business. Samsung company analysis is conducted through interviews and formation of questionnaire question through each department. The various heads of the stipulated departments aids in the provision of feedback through the report of the interviews and reaction to the questionnaire forms. The personnel is given a scenario through which a delayed or failure in supply of its crucial resource or material and provide the chances of survival of the department. The heads of the selected departments shall propose the future back up plans or alternative measures to perform tasks or avail in the absence of the stated materials or resources.
The analysis meets the recovery time objectives and the recovery point objective during the disaster recovery plan. It is the obligation of both parties to agree and meet the terms of agreement and work towards fulfilling each responsibility. Since each party relies on the other directly, there is need to conduct routine checkup of processes and inspection of each supply. On the other hand, logistics are activities, machineries and technology involved during loading and offloading of goods and services. Distribution involves transporting finished products to the market. The first chain of functions is very crucial to the image of the business. For instance, shipment from Asian-china to Africa, United States, and the rest of the market world the products have influence and demand on the market.
All the activities carried in the distribution of the goods are instated for the publicity and market of the Samsung as a brand. The processes under Procurement, Logistics, and Distribution of goods and services function. A) Buying Buying is the process from the procurement function. It is the actual purchase of raw material of the business. Or rather, where else can the raw material be obtained apart from the common region to as the backup in the case of accidents or delays in supplies) C). what is the relationship between Samsung’s’ procurement team and the monopolistic suppliers of the gadgets and the raw materials of the company? (Here the study aims at establishing the relation between the procurement team with the suppliers and the ties that bind the Samsung with other institution for aid in urgency of supply) B) Loading Loading is the process resulted from the logistics function.
The goods are packed and branded to the company’s logo and image before being released to the market (Sharon, 2008). At the loading level of the business, the company may hire a range of personnel responsible for specific tasks. The common skills required are the technical personnel to operate the plant during shipment of raw materials and distribution of the finished or processed goods to the market. Determining the facility will enable the business to find a way of identifying alternative methods or substitutes or rather insure the amenity to have freedom in the occurrence of failure. ) C) Transporting This is among the crucial stages of every processing, manufacturing company. The stage involves all the activities that take place during availing of already processed goods to the market.
The transporting pays for the distribution function of the business as a process. The mode of delivery of services or goods to the market is vital in every business organization (Sharon, 2008). In the Samsung mobile and computing solutions, deliveries are not only one sided to the consumers only like ordinary businesses, there is a section of warranty. The goods that do not meet the market standards or are of low quality are sending back to the company for maintenance and complete installation. Therefore, the channel or means of transportation need to be urgent where urgency is required and fast in the case of normal supply. The shipment or ports region chosen should be steady to clear the goods and services on time to enhance a timely delivery to the market.
QUESTIONNAIRE QUESTION: 1. The inputs in this case are the raw materials either services or goods and converting them using labor and personnel, skills, equipment and the technology into finished goods (Sharon, 2008). The finished goods are the final products required by the consumers in the market. For instance, Samsung cooperation utilizes raw materials from the suppliers that is assembling the mobile phone gadgets and branding them into Samsung cellular gadgets. Generally, constructing of the business idea, execution of actions, manipulating data are also part of the operations of the business. Even though there could be many functions in the business, the main aim of the operation is to aid in the creation of desired goods and services with the intent to achieve the business goals and make profit.
A). Assembling of Goods Samsung cooperation incorporates the gadgets to form mobile phone, computers and other accessories that are created by the company. The process of collecting the resources together is referred to as the assembly. For example, a cellular gadget like a mobile phone has many components that are assembled together to form a mobile with special features that are distinct in functionality, operative and compatibility with Samsung devices but no other devices. These features are collected together like the device charger, camera, mouth and ear peace for mobile phones and the chip components. The Samsung cooperation manipulates its components to come up with desired products that are consumed by the global market. The mobile phones, computer accessories and other gadgets like cameras and electronics are manufactured and assembled under the brand name.
The brand owns the production rights. During the production of the goods, the company brands its produces and stipulates logos of the cooperation. Consumers and authority identifies the goods as from the Samsung cooperation by the Samsung logo brand – a logo is a unique feature of a product that only acknowledges the brand. The most vital policy as a standard to meet is the bureau of standards and quality assurance. QUESTIONNAIRE QUESTION: A). where and how does the Samsung cooperation produce its goods and services? (The aim of the study is to identify the countries of operation of Samsung cooperation) B). what are the challenges facing the business in its operations in the foreign states? (The aim of the questionnaire is to determine the challenges that a country faces as operating in the foreign states.
To determine whether the business operates lawfully and what may lead to termination of operations by foreign states). Processes under the Product and Service Development Function As stated earlier the functions of the developers are to create or improve a new invention. The processes that aid in the function include developing a business plan for the business, analyzing markets, and designing products and services (Sharon, 2008). A). Creating a Business Plan. The developing team is responsible for the creation of technical orders of the business. The BIA should provide and prediction on the future expectations of new technologies and improve on the performance. Research should be conducted and analysis outlined to provide the timetable to release new inventions in the market to avoid monotonous of technology to consumers.
Marketing, Sales and Customer Accounts. The objective of the business is to solve occurring problems while making profits. With the developed and manufactured gadgets and accessories, the business has to package its products attractively and avail them to the targeted consumers. B). Billing. These are clerical responsibilities in the office that entails creating payment schemes for suppliers, distributors, and consumers. The BIA requires creation of a reliable database system that maintains the records of all stakeholders responsible for decision making processes. C). Warranties are the stipulated agreements made by the Samsung cooperation to provide repair or replace of non-functioning gadgets within a stipulated period (Sharon, 2008). Recovery Plans The main objective of the BIA is to provide a basis for the business continuity at instances of failure or defection or delay of resources.
The recovery objectives of the business are plans and ideologies that are meant to rescue the business in the event of failure, disruption and the delayed provision of the necessary amenities (Brian, 2002). Analysis of the recovery plans is crucial to identify the risks involved and determine the chances and probabilistic value of survival of the plan. The idea is to provide rescue options to the business that is why an intensive investment on the study is crucial to the firm. Or rather repairing and fixing of broken or scratch assets like machinery with regular maintenance has been seen as the suitable solution to the business. Samsung cooperation has acquired stability over the past years and is staged to grow and maintain the standards for the better of its future.
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