How Your Team Can Bounce Back From A Growth Setback Essay

While these situations are not entirely avoidable, an organization’s ability to recover from such setbacks largely depends on how much energy has been invested into identifying and mitigating risk through the use of a well-established business continuity plan. Lindros and Tittel (2013) explain that business continuity refers to maintaining business functions, or quickly recovering such functions in the event of a major disruption, and the lack of planning doesn’t just mean an organization will take longer to recover, but may never recover at all. The first step to developing an effective continuity plan is a thorough planning process in which an organization establishes

A good business will know to understand that their employees need understanding in a time like this and not to put too much pressure which will only make things worse.

All organizations will encounter strategic challenges over their duration of years in business. These challenges will come at all different levels across the company. Knowing that these challenges have happened in the past and will happen in the future, it is important to see how an organization will react to overcome the challenges.

Any organization that is looking to be successful in this highly competive business world must seize the opportunities created by

We must identify and define the problem. This goes beyond seeing the problem just as a “sales decline". We need to look deeper into all aspects of the organization and open a dialog and ask questions to receive input from all parties. As stated previously, we are experiencing a symptom. We must take care not to identify our symptom as THE problem (Tomas, 1999). In our pursuit to clearly identify and define the underlying problem Baer, Dirks, and Nickerson (2012) outline the concept of problem formulation. Problem formulation involves "establishing the web of correlated regularities spanning all symptoms that are related to the initial symptom that launched the inquiry and another activity that involves the formulation of all causes that explain one or more of the previously identified symptoms" (p. 34). In following this we will be able to identify multiple symptoms and how they relate to each other and as Baer et al, (2012) postulates there is probable relationship between the "problems formulation and the likelihood with which the root causes of a particular problem will be discovered” (p.

Background- In its most basic sense, risk management identifies, allows assessment, and prioritizes risks that are associated and central to an individual project or organization. Risk management allows the organization to be proactive in preventing or mitigating risks, for improving certain processes within the organization, and with the hope of preventing fiscal exposure. However, in almost every organization there are risks individuals are unique and do not always perform at a high level of safety; mechanical or design failures exist, construction projects have supply or labor issues, there are uncertainties in computer or data modification, of course natural disasters, and even deliberate attacks from competitors, etc. Because this is such a common occurrence, national and even international standards have been developed in conjunction with the insurance and regulatory institutions to at least provide basic guidelines to minimize risks risk (International Organization for Standardization, 2009).

Business organizations face many different challenges. The following are some of the challenges faced by today 's company 's: competition, decreased profits, raising employee performance, enhancing leadership, increasing customer base, allocating resources, delivering better service, increasing efficiency, increasing shareholder value, reducing costs, and customer satisfaction

Many businesses jump to the conclusion of thinking that if a company can be successful in one area, that it can be just as successful in another. Before making this assumption, businesses need to expand on potential challenges that they might encounter

Is social media “where’s it at” for businesses’. In the article by Ford Saeks social media is “where’s it at” for businesses’ today. He converses the three levels of communications. Saeks discusses how social media should be a lover and not a fighter situation. Businesses’ should and foremost to stay attractive to the customer. No customer wants a run-down website, so keep those websites trim, fit, and attractive. Then Saeks states if you want to keep the customers’ coming back open the communication line. If there is no communications in this vast relationship, then the ship is not leaving the harbour. After the relationship between customer and the website have united, Saeks reminds business that the relationship is an open relationship.

Make decisions about the best path for the firm’s initiative. Identifying the opportunities for success in context of threats to success can clarify directions and

Every business and organization can experience a serious incident which can prevent it from continuing normal operations. This can happen any day at any time. The potential causes are many and varied: flood, explosion, computer malfunction, accident, grievous act... the list is endless.

We cannot deny how big of an impact social media has on our lives now, not only on people but businesses too. It has opened a whole new door to the business world and given them a big opportunity to interact and attract a larger amount of customers. It’s given us a new and faster way of communication by exchanging pictures, stories, news, blogs, online discussions, etc. In exchange businesses have benefited by a long shot just by the click of a button. With the help of the Internet a company no longer is dependent on a particular customer base to survive because now it can reach out to a worldwide audience within seconds. It’s imaginable the countless business attributes of all social media to this day and still is growing. Social media

In the case of Celebrity Cruise Lines, the company is undergoing similar challenges. To respond to these issues, the firm has been moving away from their core business model (i.e. medium sized ships and small markets). As time has gone by, executives have realized the need for competing more aggressively. This has caused the firm to increase the risks they are taking in order to receive a larger reward. To determine the challenges facing the company, we will analyze these issues and provide possible solutions. This is when the company will be more agile in adapting to these kinds of issues.

The purpose of this report is to show that even though some state that Social Media has fallen short of their expectations, it is actually good for business, given that it enhances the visibility of their brand and helps businesses stay connected to potential customers.

1. The most significant challenge to business success you see in this rapidly changing global economy;