• Title/Summary/Keyword: Business continuity management

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Business Continuity Strategies for Payment Systems (지급결제시스템의 업무연속성전략)

  • Lee, Seong-Il;Kim, Jeong-Deok;Kim, Yu-Jin
    • 한국디지털정책학회:학술대회논문집
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    • 2004.05a
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    • pp.545-558
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    • 2004
  • Payment Systems is one of critical infrastructures, which is increasingly dependent on IT. Failure to provide the payment services can bring disaster to national economy, which is the reason why business continuity of payment system receive much attention these days. Payment Systems are complex systems, which consist of multiple players: central bank, commercial banks, clearing house. The main purpose of this paper is to propose some business continuity strategies for the payment systems. First, in order to provide financial stability, this paper clarifies the concepts of business continuity plan(BCP). Second, this paper illustrates the processes to come up with business continuity strategies for the payment systems based on risk analysis and business impact analysis. Business continuity strategies are proposed in terms of two dimensions: vertical and horizontal.

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An Evaluation Methodology of Information Systems in Business Contingency Planning (업무연속성 계획 수립을 위한 정보시스템 평가 연구)

  • Choi, Myeonggil
    • Journal of Information Technology Applications and Management
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    • v.23 no.1
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    • pp.119-128
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    • 2016
  • Growing threats from environments and natural disasters cause information systems to suspend the operation of business. To assure the continuity of business, information systems should not halt in the emergency. This paper suggests an evaluation method for importance of information systems and verifies the method in a real organization. The results to the study can be utilized for establishing business continuity of organizations.

Adapting to the Unpredictable: Companies' Strategies with Business Continuity in the Pandemic Era

  • Choongik CHOI
    • East Asian Journal of Business Economics (EAJBE)
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    • v.12 no.1
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    • pp.23-33
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    • 2024
  • Purpose: This paper explores the nuanced approaches undertaken by private companies in formulating and implementing business continuity plans (BCPs) in response to the unprecedented challenges posed by the global COVID-19 pandemic. Research design, data, and methodology: Utilizing a mixed-methods research design, the study delves into the multifaceted strategies employed by private sector entities, ranging from risk assessment and remote work policies to supply chain diversification and employee well-being initiatives. Result: The findings contribute to a deeper understanding of the evolving landscape of business continuity planning during a pandemic, offering valuable insights for academia, industry practitioners, and policymakers. The research findings present a detailed account of how private companies have tailored their business continuity plans in response to the unique challenges posed by the pandemic. Conclusion: This academic exploration sheds light on the dynamic landscape of business continuity planning in private companies responding to the global pandemic. Insights into the effectiveness of remote work policies, supply chain diversification, employee safety measures, and financial strategies contribute to the understanding of best practices and areas requiring further attention. These recommendations aim to inform future business continuity planning efforts, enhance organizational resilience, and mitigate the impact of global health crises on private sector operations.

A Basic Study for Securing the Business Continuity of Local Governments in the Event of Earthquake and Tsunami (지진 및 지진해일 발생 시 지방자치단체의 업무연속성 확보를 위한 기초 연구)

  • Shin, Hojoon;Koo, Wonhoi;Baek, Minho
    • Journal of the Society of Disaster Information
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    • v.11 no.2
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    • pp.227-234
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    • 2015
  • In this study, the theoretical review was carried out on the concepts regarding the continuity of operation plan and business continuity management plan, international standard ISO22301 and common required functions for disaster response, and the business continuity guideline of local governments in Japan and establishment cases were analyzed to draw matters to be reflected for establishing the business continuity plan of local governments according to the occurrence of earthquake and tsunami. In conclusion, the standard guideline of central government should be prepared for establishing the business continuity plan of local governments and the foundation to establish the plan smoothly based on such guideline should be provided. Also, the business continuity plan should be prepared based on the previous established safety management plans by reflecting the regional characteristics of local governments. And, in order to establish the business continuity plan that fits the region, proper investigations can be carried out to examine the characteristics of each organizations, resources, facilities and environments. Lastly, detailed scenario on the scale of earthquake and tsunami occurrence and damages is prepared to establish the business continuity plan of local governments and conditions for prompt countermeasures according to the scale.

A Study on the Introduction of Business Continuity Management System for Ensuring Uninterrupted Service of Public Institution Based on a Bottom-up Method (공공기관이 재난으로부터 중단없는 대국민 서비스 확보를 위한 상향식 업무연속성관리체계 도입방안에 관한 연구)

  • Choi, Deok Jae;Yang, Seung Weon;Kim, Gi Won;Kim, Dae Jin;Jang, Hyun Min;Kim, Dong Heon;Eun, Min Gyun
    • Journal of Korean Society of Disaster and Security
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    • v.9 no.2
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    • pp.87-91
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    • 2016
  • In recent years, lots of damages appear frequently due to cyber terrorism and natural disasters such as typhoon 'Chaba', earthquake at Kyeongju. The damages lead to people's anxiety and public institutions connected directly with them also can't be free from the threat situation. In addition, public institutions must prepare business continuity issues with the highest priority in the event of disasters because they are closest with people's safety. However, preceding researches suggest needs of disaster mitigation activities management system or central office oriented top-down BCP establishing system. In this study, We grasp the current status of public institutions's business continuity plan(BCP) against disaster and we propose an efficient bottom-up method for structuring the BCP of public institutions.

A Study on IT Based Risk Management System Development for Business Continuity Management : Centering on Cases at Automobile Manufacturing Industry (비즈니스 연속성 확보를 위한 IT 기반 위험관리체계 구축 연구 : 자동차 제조 산업 사례를 중심으로)

  • Lee, Joontaik;Kim, Yanghoon;Na, Youngsub;Chang, Hangbae
    • The Journal of Society for e-Business Studies
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    • v.18 no.2
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    • pp.69-79
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    • 2013
  • Management activities of Business was globalization and had changed to a global management. Under these circumstances, business management factors and the environment has changed rapidly. Accordingly, the number of risk categories in business has increased. Especially in recent years, the convergence of industry with IT has a pivotal role in the industry's business processes. However, information systems in the Internet environment increased the efficiency of business management. Also, it increased the degree of risk and the occurrence ripple effects. In this study, we proposed risk management framework for ensuring business continuity management in information system based automobile manufacturing industry. In detail, we analysis business process in automotive manufacturing industry and identify information assets and we analysis and assess the risk.

A Case Study on Business Continuity following the Establishment of a Soho Fashion Shopping Mall: Longitudinal Research (소호패션쇼핑몰 창업 후 사업지속에 대한 사례연구: 종단적 연구를 중심으로)

  • Mi Young Son
    • Human Ecology Research
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    • v.62 no.1
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    • pp.1-13
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    • 2024
  • This study analyzed the current operational status, business continuity, and business continuity strategies of 11 Soho fashion shopping malls through a longitudinal case study (2019/2020 and 2022/2023). The aim was to determine how Soho fashion shopping malls are continuing their business having been successfully established in the fiercely competitive current online fashion market. Regarding changes in shopping mall operation status, all cases displayed changes in items, distribution channels, marketing channels, core values, and profit structures. After establishing the businesses, a crisis arose due to the COVID-19 pandemic, leading to difficulties in creating new customers. Moreover, there was excessive business expansion, resulting in saturation of the online platform store market. This meant companies were experiencing reduced sales (5) or difficulties in maintaining their business (3). However, there were differences in the direction of overcoming the crisis and continuing or converting the business. These revealed that to continue the business after successful establishment of an online fashion shopping mall, it is essential to have the expertise of entrepreneurs, work performance, and marketing ability, as well as differentiation capabilities such as product power and management strategy and core competitiveness that provides a relative advantage over other shopping malls. Customized government support at the level of the start-up ecosystem is also essential for the survival and business continuity of a SOHO online fashion shopping mall with poor human and material resources.

Implementation of Intelligent Web Service Access Management for Supporting High Ava ilability and Business Continuity (고 가용성과 업무의 연속성 보장을 위한 지능적 웹 서비스 접속관리의 구현 방안에 관한 연구)

  • Joong Kang-Itrun;Lee Kwang-Eooung
    • Journal of the Korea Society of Computer and Information
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    • v.10 no.5 s.37
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    • pp.151-160
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    • 2005
  • High availability and business continuity in the mission critical enterprise environment have been a matter of primary concern. It is desirable to implement replicated servers, duplicated devices and disaster recovery sites so that these issues are accomplished. When that happens, web browser's users may be accessed web server through a specific Uniform Resource Locator. A critical issue arises if web browser's users recklessly change the URL and access into other site. In this case, data integrity between duplicated sites may not be guaranteed. In this paper, we introduce the method of integrating the technologies of user authentication, certificate authority and business continuity and Propose the design and implementation of intelligent service access management.

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Verification of Validity on Awareness Tool of Business Continuity for Railway Organizations (철도기관을 대상으로 한 사업연속성 인식도구의 타당성 검증)

  • Jeong-ho Chang;Chong-soo Cheung
    • Journal of the Society of Disaster Information
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    • v.19 no.1
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    • pp.195-203
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    • 2023
  • Purpose: This study intends to check validity of tools for awareness of Business Continuity through measurement and analysis on the sub factors of Business Continuity by employees of railway-related organizations. Method: Based on the preceding study, sub factors of the awareness of Business Continuity are divided into 7 and the total of 29 questions were delivered to employees of railway-related organizations for investigation and analysis through the online survey tool. Result: According to EFA result, the number of factors of awareness of Business Continuity based on the theoretical ground was reduced to 7 and the total coefficient of determination was 82.616%. Checking the questions by factor, all the questions were loaded as intended. Conclusion: Validity of measurement tools of Business Continuity whose sub factors are the Context of Organization, Leadership, Planning, Operation, Support, Performance evaluation, and Improvement for railway organizations were secured through the Exploratory Factor Analysis of this study. As for the further tasks, studies on the structural relationship among internalization of business continuity, organization effectiveness, learning support environment, etc are required.

A Study on the Disaster Safety Management and Standardization Trends (재난·안전 관리 및 표준화 동향에 관한 연구)

  • Kang, Heau-Jo
    • Journal of Advanced Navigation Technology
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    • v.13 no.5
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    • pp.799-804
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    • 2009
  • In this paper, disasters are increasing rapidly due to increase of population, giantish of cities, advancement of traffics, and abnormal weather phenomena, and the scale of damages is also getting wider. So we study of the disaster safety management system and find recognition comprehensions and the problem points which are basic in our system. We dedicate this research on improvement analysis and main discussion issues of the system that based on diagnostics in developed countries' system. And Disaster management activities are increasing to efficiency through the disaster standardization trend.

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