Sunday, December 29, 2019
Corporate Social Responsibility Csr - 1680 Words
Corporate social responsibility, or CSR, is becoming increasingly important in the framework of modern businesses. Many companies do not place an emphasis on CSR because they are unaware of the range of benefits it can bring. Throughout this essay I will discuss the importance of corporate social responsibility by assessing the rewards that certain avenues of CSR conduct can bring to companies and how lacklustre attempts to do so can reflect poorly on the CSR field as a whole, resorting to questioning of its value. Firstly I will look at CSR from a corporate level, discussing international modelling and experience. This will be followed by assessing CSR from a managerial or operational standpoint covering the perspectives of managers and employees finishing with consumer perceptions and stakeholder vs. shareholder views.. CSR is a highly controversial topic due to disagreements surrounding the field. Werther and Chandler (2014) defines CSR as ââ¬Ëâ⬠¦ the relationship between corporations and the societies with which they interactâ⬠¦ includes the responsibilities that are inherent on both sides of these relationshipsâ⬠. The framework behind CSR tends to be broad with the ideas surrounding its importance changing from business to business. On a basic level, a corporationââ¬â¢s goal is to maximise profits. The role of technology and globalisation in todayââ¬â¢s society means that, a companyââ¬â¢s relationship with society is essential in projecting a positive image (Werther and Chandler, 2014).Show MoreRelatedCorporate Social Responsibility And Csr1566 Words à |à 7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firmââ¬â¢s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and govern ance issues (The Foundation, 2014). Also, is based on stakeholderââ¬â¢s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreCorporate Social Responsibility ( Csr )1167 Words à |à 5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility : Csr1232 Words à |à 5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. The meaning of social responsibility differs across regions. Western countries are the ones who are pushing for corporate social responsibility -thesis-- A broad overview at corporate social responsibility (CSR) looks to corporations to make a change in the society or the environmentRead MoreCsr : Corporate Social Responsibility1598 Words à |à 7 Pages CSR stands for Corporate Social Responsibility. Corporate Social Responsibility (CSR) is defined by many groups like, Tata steel, Coca Cola, Reliance, Videocon etc. Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration. CSR policy functions as a self-regulatoryRead MoreCsr : Corporate Social Responsibility Essay1285 Words à |à 6 PagesCSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and progra ms of business corporations which tend to benefit society while improving a corporationââ¬â¢s public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and onlyRead MoreCorporate Social Responsibility ( Csr )863 Words à |à 4 Pagestechnology in the last century. The term of Corporate Social Responsibility appears more often into publicââ¬â¢s concerned and it has become a hot issue in recent years. This essay is going to discuss and provide an overview of corporate social responsibility (CSR) by debate some key issue in this area. 1.2 What is Corporate Social Responsibility? In 1953, Bowenââ¬â¢s Social Responsibility of the Businessman firstly discusses the idea of corporate social responsibility. He states the relationship between societyRead MoreCorporate Social Responsibility ( Csr )1314 Words à |à 6 PagesSocial responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving riseRead MoreCorporate Social Responsibility ( Csr )1173 Words à |à 5 Pages Corporate Social Responsibility (CSR) is highly important to Millennials. If a company is lacking a CSR plan, now it a good time to start one. Millennials are looking for ways in making a positive impact on the world and are expecting the same from companies. They are looking for companies that contribute to the betterment of communities and the environment. Millennials put great value in supporting such brands, companies and organizations that share these values. Companies without a CSR in placeRead MoreCorporate Social Responsibility : Csr979 Words à |à 4 PagesThe notion of Corporate Social Responsibility is a phenomenon globally known for many years. In spite of the fact that CSR has been neglected for quite a long time, nowadays several authors deal with this issue, as revealed by the development of theories in recent years concerning the topic. In spite of the fact that there has been a huge growth of literature it is still impossible to simply define CSR. Many definitions trying to capture the concept of CSR exist, but their content varies (MattenRead MoreCorporate Social Responsibility ( Csr )1370 Words à |à 6 Pagesmore attention on the concept of Corporate Social Responsibility (CSR). The core issue is the appropriate responsibility of business. In as much as firms ought to obey the law, but beyond complete compliance with environmental laws, the question is whether firms have extra social responsibilities to commit part of their resources to environmental preservation voluntarily. This memo provides an exploratory investigation of the link between corporate social responsibility and the benefits accruing to a
Saturday, December 21, 2019
Essay about The Identity and History of the Caribbean
The Identity and History of the Caribbean The Caribbean is a vastly diverse area representing the effects of colonialism, slavery, and the combination of many cultures. Since the arrival of Europeans the Caribbean islands have been going through constant change. The loss of native peoples and the introduction of the plantation system had immediate and permanent reprocussions on the islands. The Plantation system set up a society which consisted of a large, captive lower class and a powerful, wealthy upper class. As the plantation systems became successful labor was needed in order to progress. Slavery became the answer to the problem. Slavery played an important role in the how the economy changed the islands because there was aâ⬠¦show more contentâ⬠¦One big difference between the articles is that Mintz includes the plantations as part of one of the nine major factors which falls under capitalism of the Caribbean but Benitez-Rojo writes, I think that one must agree with Mintz that the plantation seems indispensable to studying the societies of the area. In my opinion, nonetheless, the plantation could turn out to be an even more useful param eter; it could serve as a telescope for obswerving the changes and the continuities of the Caribbean galaxy through the lenses of multifold disciplinesâ⬠¦ (38). Benitez-Rojo includes the history of the plantations and how the history affected the culture of the islands. For example, one of the subtitles is Hispaniola: the first plantations where he explains how the first plantations were started up, he writes, Those who, for one reason or another, decided not to leave the colony began to think up enterprises that would allow them to subsist thereâ⬠¦ someone remembered the sugarcane that Columbus had brought to the island, and he began to get molasses and brown sugar using rudimentary machines (40). As slavery was introduced to the system a creole culture emerge and the Africanization of culture. An issue which was brought up due to Slavery is theShow MoreRelated The Caribbeanââ¬â¢s Cultural History Essay1701 Words à |à 7 PagesThe Caribbeanââ¬â¢s Cultural History Columbusââ¬â¢ discovery in 1492 set off a chain of events in the emergence of the Caribbean society, as Knight states in his book The Caribbean. The first voyage of Columbus in 1492 fortuitously discovered a whole new world and set in motion a chain of events whose profound consequences gave new directions to the histories of Europe, Africa, the Americas, and Asia. It was the voyages of Columbus and those who followed him that brought the Americas into the consciousnessRead More A Caribbean Legacy Essay1182 Words à |à 5 Pages A Caribbean Legacy The notions of slavery, colonialism, and race are indelible aspects of Caribbean history. In order to fathom the current political, social, economic, and cultural climate of the Caribbean one must engage in a critical study and understanding of the impact slavery has had in modern day Caribbean societies. The modes and intricacies of modern day Caribbean societies are intimately related to the plantation systems of the colonial period, which welcomed the arrival of the largestRead MoreEssay on The Caribbean Islands1222 Words à |à 5 PagesThe Caribbean The Caribbean, a region usually exoticized and depicted as tropical and similar in its environmental ways, cannot be characterized as homogenous. Each individual island has their own diverse historical background when it comes to how and when they became colonized, which European country had the strongest influence on them, and the unique individual cultures that were integrated into one. The three authors Sidney W. Mintz, Antonio Benitez-Rojo, and Michelle Cliff, all and addressRead MoreEssay on The Caribbean Identity1507 Words à |à 7 PagesThe Caribbean Identity The way in which Benà tez-Rojo and Mintz tackle the question of Caribbean identity in their articles, is a removed, objective ideal, in contrast to Michelle Cliffââ¬â¢s portrayal of Jamaican identity. Cliffââ¬â¢s portrayal touches the heart and soul of Caribbean identity. While Mintz and Benà tez-Rojo are investigating trends in the Caribbean as a whole, from an outside perspective, Cliff offers the personal, tactile imagery of what it is to live in the Caribbean, utilizing the objectiveRead More The Caribbean According to Three Writings Essay1466 Words à |à 6 PagesThe Caribbean According to Three Writings Introduction The Caribbean is made up of many islands that were inhabited by many peoples speaking different languages and believing in different things. With the beginning of colonization, many more peoples speaking different languages and believing in different things claimed ownership over certain islands (in many cases nowhere near each other geographically). Under new ownerships, the islands became involved in slave-trading. Each differentRead More The Caribbean Essay1123 Words à |à 5 PagesThe Caribbean The inhabited islands clustered in the Caribbean Sea are an interesting study in cultural and social identity. Colonized by european powers from the Fifteenth Century, the Caribbean islands have become mixtures of cultures from Europe, Africa, and India, as well as from the original inhabitants of the islands. As a result, describing and defining the Caribbean is a much more difficult task than it appears on the surface. The norms and ideas of identity and history that exist on oneRead More The Social Impact of Slavery on the Caribbean Society Essay1336 Words à |à 6 PagesThe Social Impact of Slavery on the Caribbean Society In order for us to understand the Caribbean, we must acknowledge the tremendous social impact slavery placed upon the islands. We must not only consider the practice of slavery dating back to the indigenous peoples, but from what the introduction of the African slave trade did to the islands economically as well as culturally. In this paper let me reflect on slavery in the Caribbean not from an economical standpoint but, from the racial orRead MoreCARICOM ACHIEVEMENTS1541 Words à |à 7 PagesForeign Affairs 4th Future Diplomats Essay Competition The Caribbean Community (CARICOM) is celebrating 40 years of integration in 2013. Discuss the achievements of CARICOM in light of the statement and make suggestions for future development. Kerri Mc Neil Happy fortieth anniversary to the Caribbean Community (CARICOM)! An establishment which has transgressed shared colonial history; propelling its fifteen member states and five associate Read MoreCaribbean Literature1477 Words à |à 6 PagesCaribbean Literature INTRODUCTION The evolution of Caribbean Literature started centuries before the Europeans graced these shores and continues to develop today. Quite noticeably, it developed in a manner which transcended all language barriers and cultures. Today the languages of the Caribbean are rooted in that of the colonial powers - France, Britain, Spain and Holland - whose historical encounters are quite evident throughout the region. The cosmopolitan nature of the regions language andRead MoreAmerican Free Trade Agreement ( Nafta ) And Mercosur Essay1559 Words à |à 7 Pages Each Member State faces difficulties with exportations to other countries in North America, Latin America and Europe (Development Paths in the Caribbean). The disadvantage is that these other countries have already established their own trading blocs such as the North American Free Trade Agreement (NAFTA) and Mercosur. There is a need for Caribbean countries to become part of the ââ¬Ëbigger pictureââ¬â¢ and discontinue assuming that their traditional schemes and old markets will continue to sustain them
Friday, December 13, 2019
Omega Inc. Bia Free Essays
BACKGROUND Omega Research is a rapidly growing research and consulting firm. They have a single main office located in Reston, VA and three small branch offices located in San Diego, CA, Salem, OR, and Kansas City, MO. Omega is not currently involved in e-commerce or business-tobusiness relationships. We will write a custom essay sample on Omega Inc. Bia or any similar topic only for you Order Now Two weeks ago, Omega experienced a significant loss of proprietary data (estimated value $550,000. 00) that was stored electronically in an Oracle database in their main office in Reston. The data was unrecoverable and backups were not being routinely maintained, so no restoration was possible. Although he has no hard evidence, Omegaââ¬â¢s CTO believes that the loss resulted from deliberate deletion of files by a systems administrator from the Kansas City office that had been ââ¬Å"let goâ⬠several weeks prior to the loss. Needless to say, the CTO has been tasked to ââ¬Å"get things under control. â⬠You have been hired as a consultant to develop a comprehensive plan for improving the companyââ¬â¢s recovery posture in order to prevent future outage of Omegaââ¬â¢s critical systems and network resources. Your guidance and observations will eventually be used to develop a long-term procedural and policy solution for Omega Research. The CTO has stepped up to the plate and made the commitment to do whatever it takes to address these issues. Baseline Network Infrastructure * Omega leverages ATT Managed Internet Services for each of its office locations. * Omega owns and manages the border routers for each of their office sites. * Offices in Reston, San Diego, and Kansas City receive full T-1 service. * Offices in Salem receive 256k F-T1 circuit service. Systems Business processes provided by AIX Environment 1. Financial 2. Reporting 3. Data Warehouse LAN Vendor| Services| Address| Phone| Contacts| IBM| Tape LibraryTSM Server| 522 South RdPoughkeepsie, NY 12601| 214 451-7747| Steve Barretta| SunGard| Recovery services for server environment| 401 N Broad St. Philadelphia, PA| 877 456-3966215 351-1300| * Don Meltin (Test Coord. ) * Jack Fabrianni (Acct. Rep) * Lincoln Balducci (Resource Coord. )| BASELINE ARCHITECTURE Local Area Architecture (Reston Office) AIX Environment * Perimeter protection provided by screening router. Configured for dynamic packet filtering using reflexive Access Control Lists (ACLââ¬â¢s). Remote access is provided to employees while at home or on travel through PPTP VPN, and, dial-up RAS offered by a Microsoft Windows NT 4. 0 Server à ®. * All servers in the Reston office have been centrally located to a data center. * The Reston data center supports a 5-keypunch combination lock that is required to have access to the room. That combination is shared with all IT personnel and is infrequently rotated. * The d ata center is controlled for humidity through HVAC purification. * The data center is controlled for temperature with isolated HVAC services. The data center is not on a raised floor to control static electricity. * The data center does not have a site-wide UPS. Each server and network equipment supports their own mini-UPS. * Internal Omega E-mail is supported by a Microsoft Exchange à ® 2000 mail server running on a Microsoft Windows à ® 2000 Server. Omega has installed an SMTP mail gateway to support Internet mail exchange. * Omega is the registered owner of omegaresearch. com and maintains a DNS Server at the Reston facility for name resolution supporting Omega users and to allow Internet access to publicly accessible information (web and e-mail). Web hosting services are provided on a Microsoft Windows à ® 2000 Server running Internet Information Services (IIS). * X. 500 directory services are available through Active Directory although their implementation is relatively imma ture ââ¬â they are operating in a mixed environment. * Server and client o/s environments have not been routinely patched. * Reston office printers are all network connected. * The IT Department is responsible for management of the networks and networked resources at the Reston facility. They manage more than 170 workstations and 6 servers performing the functions previously described. Client machines consist of Microsoft Windows à ® 95, 98, NT Workstation 4. 0, 2000, and XP. Mac operating systems include OS/8 and OS-X, Panther. * Productivity applications have not been standardized. Some user communities enjoy Corel OfficeSuite à ® while others appreciate Microsoft Office à ®. There are various editions of these packages installed on client machines. BASELINE ARCHITECTURE Local Area Architecture (San Diego Office) * The San Diego is essentially a mirror of the network architecture provided at the Reston facility. * Differences: o San Diego does not host a web server. San Die go does not support VPN or RAS connections. o There are fewer employees working out of the west coast office. The local IT staff consists of one engineer who manages all networks and networked resources within the San Diego office. o There are less than 50 client machines in San Diego with similar configurations as the main office. o All servers have been located in a spare office in San Diego. * There is not a controlled access restriction like in the main center. * The office is not controlled for temperature, humidity, or static. * There are no redundant power supplies. BASELINE ARCHITECTURE Local Area Architecture (Salem Office) * Salem is a small site with only 30 workstations configured in much the same way as the rest of the company. * Sale supports a single combined shared file and print server hosted on a Microsoft Windows à ® NT 4. 0 Server. * Mail services are obtained through the San Diego office, using mailboxes set up on the San Diego Exchange Server. * There are no publicly available networked resources at the Salem office. * Remote access to Salemââ¬â¢s infrastructure is provided to mobile and home employees using VPN client to gateway connectivity. Salem has an IT staff of one engineer that manages all networks and networked resources at this site. * All servers have been located in a spare office in San Diego. * There is not a controlled access restriction like in the main center. * The office is not controlled for temperature, humidity, or static. * There are no redundant power supplies. BASELINE ARCHITECTUREARCH Local Area Archi tecture (Kansas City Office) * Kansas City is very similar in size to the Salem office with the exception that Kansas City runs a Microsoft Exchange à ® 2000 server for mail services. Kansas City has a local system administrator for support. * All servers have been located in a spare office in Kansas City. * There is not a controlled access restriction like in the main center. * The office is not controlled for temperature, humidity, or static. * There are no redundant power supplies. Figure [ 1 ] ââ¬â Main Application Equipment List CONSIDERATIONS Networking and Systems Administration 1. Access to any site LAN automatically guarantees access to the entire WAN. This means that user accounts authenticated in the Salem office have immediate access to resources in San Diego, Kansas City, and Renton. . User accounts and access restrictions are independently managed by each officeââ¬â¢s system engineer. There is not a common user policy ââ¬â rules concerning how passwords are created an enforced, cycled, aged, lockout, user account retention, and so on, are created and maintained per office. 3. There is no formal backup and disaster recovery policy at any site. Backups are decentralized. Off-site rotation only happens at the Reston office. Salem currently performs DASD to DASD backups without Tape copies being made. 4. The local system administrators at the satellite offices take all direction from the central office and are not authorized to make boundary router changes. They do not have authority to change anything without central IT approval. They have no site specific budget; they have full accountability for their LANââ¬â¢s. 5. All machines run antivirus software although local IT staff infrequently maintains their definition files and relies on user intervention to perform file updates. No machine has spyware protection. 6. There is no dedicated program for training employees on avoiding threats like, say, Phishing. . Firewall logs, host packet analysis, application logs, event and error logs are generally ignored across the board. Business Requirements 1. The organization is growing rapidly in spite of recent events. 2. Their strength is in developing business within the local market and providing on-site consulting services. The research end of the business is the well-spring from which they draw their competitive edge, but Omega is realizing that consolidating the research workforce adds synergy to their efforts, and reduces unnecessary overhead. 3. They plan to continue down that road. As a result, local sites will expand their consulting workforce and research will continue to be consolidated at the Reston and San Diego facilities. As this trend continues to develop, access to the research data stored at the east and west coast facilities becomes critical. Additionally, they cannot afford a similar loss of proprietary information as was recently experiencedâ⬠¦. and they know it could have been much worse. Known Environmental Risks 1. The San Diego office is located in a 20-year earthquake zone. Once every 20 years, it estimated that a 6. -Richter scale earthquake or greater will strike the facility, likely causing damage to the facility/computer equipment; management assumes losses to computer assets could be estimated at 20%. As a countermeasure, the company has purchased insurance with $18,000. 00/year annual premiums that increase 5% every year. 2. The Reston office is located in a 500-year flood zone. Once every 500 years, it is estimated that a flood will strike the facility likely causing damage to the facility/computer equipment; management assumes losses to computer assets could be estimated at 40%. The company has opted to not purchase insurance. Annual premiums would run approximately $25,000. 3. The Kansas City office suffers a significant tornado event once every five years. When the tornado hits, severe electrical disruption affects the equipment and the office suffers 10% losses on computer assets. The company pays $14,000 in annual insurance premiums. Appendix A. Balance Sheet Reston| | Book Value| Actual Value| | | 81,290 45,690 27,390 13,330| 17,250 9,450 4,309 0| Networking Equipment Server EquipmentWorkstation Equipment Peripherals| | | | | TOTAL:| 167,700| 31,009| Kansas City| | | | Networking Equipment| | 12,700| 11,900| Server Equipment| | 4,009,250| 3,400,000| Workstation Equipment| | 18,200| 13,400| Peripherals| | 4,433| 0| | TOTAL:| 4,044,583| 3,425,300| Salem| | | | Networking Equipment| | 4,300| 0| Server Equipment| | 3,600| 0| Workstation Equipment| | 7,200| 500| Peripherals| | 4,433| 0| | TOTAL:| 19,533| 500| San Diego| | | | Networking Equipment| | 81,290| 17,250| Server Equipment| | 45,690| 9,450| Workstation Equipment| | 27,390| 4,309| Peripherals| | 13,330| 0| | TOTAL:| 167,700| 31,009| Appendix B. The Business Impact Interviews Bill Hermann ââ¬â We are a service-based company and our ability to take in and book cash is critical. Without solid cash flow or expenses increase exponentially in the very short period of time. In addition our cash position which I monitor through the SAP system allows us to manage our treasury and short-term funding. I would estimate within two days we would have to borrow money which could increase our costs and overhead. Tiffany Sabers ââ¬â The I. T. organization is in a period of transition when it comes recoverability. Implementation of SAP was very expensive, time-consuming, and drawn out. We have built-in a level of redundancy to sustain production should any number of things fail within a data center itself. However we are not in as good a shape as we should be to protect your organization to the entire data center become unavailable for any significant period of time. Several factors come into play when considering the recovery of a central system such as SAP. The availability of the technology weââ¬â¢ve chosen at our recovery vendor has been a challenge to say the least. SunGard needs to acquire and fund the appropriate IBM servers that we use to run the SAP application. Secondly there is for a terabytes of production data that needs to be recovered from tape once a disaster is declared. The recovery activity using the current tape library technology on the floor is estimated to take 3 to 4 days barring any problems. For tape to be a viable option going forward we need to upgrade to higher speed higher density devices and media to meet the needs of the business which is another capital expense. I think we all knew and accepted the risk of having to retool with the implementation of SAP. Now that time has come and this exercise is crucial to determine the proper recovery strategy and technology to meet the business needs. John Sampolous ââ¬â I agree with Bill that our finance structure is key. Since we donââ¬â¢t make anything physical our business model relies on our cash position. I will say though without having finance information available we may begin borrowing on the second day of an outage. The way the SAP system works without current data we will be a day behind at the time of business start the second day. Weââ¬â¢re certainly capable of maintaining business function but will begin to lose $3-$500,000 per day in interest alone. The bottom line is treasury function that is maintained via a finance module within SAP is critical from our standpoint. Linda Okonieski ââ¬â from a purely operation standpoint we are currently dead in the water if we canââ¬â¢t get to our schedules and billing information for the persons in the field. We generate a quarter million dollars in revenue a daily basis to our service organization. So if there is a hard fail of the SAP system we stand to have issues in two functional areas. The first and most obvious is that if we cannot invoice our clients in a timely manner or cash flow will diminish significantly at the end of the first week. The second concern is his longer-term and related to legal and contractual ramifications if we could not maintain business as usual as quickly as possible. In our business customer confidence and brand value are priceless and need to be protected. So if we are unable to quickly recover we could very well lose future business that could affect our viability of the company. Nate Brown ââ¬â Linda hit the nail on the head, we need to ensure that we have the right people in the field generating income through billable hours and we need to continue to collect for their work. So I would say the schedule and billing within the SAP system ranks very high for me. And to add to Windows last point customer confidence is how weââ¬â¢ve been able to maintain a preferred vendor status with most of these companies where we do business, so many chink in the armor could cost us a significant amount of business. Sandy Ales ââ¬â Without access to the SAP system we canââ¬â¢t sell services we canââ¬â¢t deliver. Most of our customers rely on us to be able to find and supply the appropriate consultant/resources as quickly as possible. Since we are one of several preferred service providers we will begin to miss out on new contracts and renewals to our competition. Our reliance on up to date information affects 30 to 40% of our short-term contracts and their ability to compete or longer-term assignments for our higher value personnel. Since we converted from our old system last year we had become completely reliant on the SAP application. Tyler Amdahl ââ¬â We have built-in on site redundancy for the SAP system, but we are still negotiating a new contract with SunGard services for a recovery configuration at the hotsite. Given the amount of data that is involved with the SAP system we are looking at 12 to 16 hours minimum recovery. Rachid Chad ââ¬â The SAP system is designed/architected for failover capability. Unfortunately the production system implementation is currently around $14 million dollars. There is no economy of scale for full redundancy or real-time failover. There are several options worth considering if anyone the recovery time objectives that we all agree to. I can say that they will not be cheap so we will need to understand the costs were relating to an outage from the business perspective to enable us to construct the proper recovery strategy. Reyes Emme ââ¬â If you were to ask the employees they would rank getting their paychecks on time as a number one priority. However the fact is that by self insuring our payroll funding for a week to 10 day period we could provide estimated payroll and then rectify many issues once weââ¬â¢re back up and running. We in HR also have or long-term concerns should an outage extends for more than a few days and began to affect our brand value. The reason to be quite honest is that we attract the best consultants partly based on their perception of our technical abilities as an organization. Fionna Oââ¬â¢Connor ââ¬â The audit and compliance areas are not affected in the short term should an outage occur. However, timing is everything. Should the outage occur during the close of SOX testing on the ramp above financial reporting to the board we could have issues with the regulators will. Jackson Davis ââ¬â We have an all-in situation with the SAP system. We are completely reliant on the system availability for day-to-day operation. The risk we have with the prolonged outage is that we will begin to incur penalties for our accounts payable since we have been able to migrate to a just-in-time payment practice. I am also concerned that we may not have the proper documentation to manually operate should the system be unavailable. I think however this exercise turns out several of our departments need to go back and designed some contingency plans should the data center be unavailable to us. The penalties for late payment would be 10% of $100,000 per day. How to cite Omega Inc. Bia, Papers
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