Business Recovery

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The Experts below are selected from a list of 144 Experts worldwide ranked by ideXlab platform

Tyler Richards - One of the best experts on this subject based on the ideXlab platform.

Rosalind Jones - One of the best experts on this subject based on the ideXlab platform.

  • post disaster Business Recovery an entrepreneurial marketing perspective
    Journal of Business Research, 2020
    Co-Authors: Sussie Morrish, Rosalind Jones
    Abstract:

    Abstract The frequency and ferocity of recent natural disasters have necessitated the urgency and relevance of disaster-related research to mitigate risk and hasten Recovery. While there is a proliferation of studies on the impact of disasters on property, life, communities and the environment, much remains unknown about entrepreneurial challenges and behaviours post-disaster. This paper investigates how Entrepreneurial Marketing (EM) is enacted in post-disaster settings to facilitate speedy Business Recovery. We examined the post-quake experiences of small Business entrepreneurs by using inductive research and adopting a ‘theories-in-use’ approach. Research propositions are developed that capture the dynamics of the Business environment which influence entrepreneurial decisions, actions and EM behaviour. A new definition is offered in the light of this study and an EM Post-Disaster Business Recovery (EMPDBR) Framework is provided. This framework highlights opportunity-seeking, resource-organising, creating customer value and accepting risk (ORCAr) as concepts that are markedly different in the post-disaster context.

Patrick A Mclaughlin - One of the best experts on this subject based on the ideXlab platform.

Orsola Garofalo - One of the best experts on this subject based on the ideXlab platform.

  • the relationship between entrepreneurial optimism and Business Recovery during the covid 19 pandemic
    Social Science Research Network, 2020
    Co-Authors: Orsola Garofalo
    Abstract:

    The spread of COVID-19 creates unprecedented challenges for the Business sector. What affects the ability of entrepreneurs to face these challenges? In this paper, we study how dispositional optimism shaped entrepreneurs’ actions and beliefs during the first wave of the COVID-19 outbreak. Survey evidence from 1,632 UK firms shows that entrepreneurs who score high on dispositional optimism were more likely to innovate and make organizational changes to their firms. This finding is robust to controlling for differences in Business revenues during COVID-19 and for a large set of firm- and individual-level controls. Next, our data show that optimistic entrepreneurs hold more positive expectations about their ability to withstand the COVID-19 shock, and expect a more generous rebound for the whole UK economy. Expanding to the entrepreneurship setting a large literature on personality and individual health, our study suggests that dispositional optimism helps explain which firms will prosper and which others will struggle in the wake of the COVID-19 pandemic.

Douglas Paton - One of the best experts on this subject based on the ideXlab platform.

  • Business Continuity during and after Disaster: Building Resilience through Continuity Planning and Management
    ASBM Journal of Management, 2009
    Co-Authors: Douglas Paton
    Abstract:

    IntroductionThe disaster response and Recovery literature has rightly focused on the direct needs of survivors and communities. Less attention has been given to Business Recovery. Disaster Business continuity planning is important for all Businesses operating in areas susceptible to natural hazards. It is also important to acknowledge the role that Business continuity management plays in facilitating community and societal Recovery from disaster.The importance of Business disaster planning was highlighted by Leven (2004). Levene discussed how a lack of Business preparedness accounted for about 25 percent of the $40 billion lost as a result of the September 11 terrorist attacks in New York, and called for greater emphasis to be paid to developing company capacity to adapt to interruption to Business activity from disasters. In support of this call, he cited evidence that an estimated 90 percent of medium to large companies that cannot resume near-normal operations within 5 days of an emergency face substantially increased risk of going out of Business within 5 years of experiencing a disaster. Anticipating what could happen and planning to respond can be beneficial. For example, the investment bank, Morgan Stanley, was the largest tenant in the World Trade Centre in New York. They realised after the previous attack on the Centre in 1993 that they were very vulnerable to future terrorist attacks. Accordingly they established contingency and continuity plans which were tested rigorously and regularly. As a result, the company began evacuating its employees to its three Recovery sites one minute after the first plane flew into the World Trade Centre on 9/11 and they lost only seven employees (Coutu, 2002). How Businesses manage risks and develop their capacity for continued operations during and after disaster is crucial for their survival (Elliott, Swartz & Herbane, 2002; Rose & Lim, 2002). An important component of managing the risk involves Business continuity management.Business continuity management (BCM) is a generic term that encompasses the management processes by which Businesses can assess risk and develop plans and strategies to mitigate the risks posed by hazardous events (Shaw & Harrald, 2004). The adoption of BCM strategies benefit more the organisations that develop them. A collective commitment to Business continuity planning influences societal resilience by contributing to sustaining the economic vitality of an area, providing continuity of employment for members of affected communities, and contributing to the effectiveness of Recovery activities (e.g., ensuring the availability of building material suppliers, building contractors, welfare agencies etc). Promoting the wholesale adoption of BCM by all Businesses in an area is important for ensuring supply-chain continuity. Even if a given Business develops BCM, it remains vulnerable unless its suppliers and those it supplies have done likewise. Because those affected by disaster may be employees, it is also pertinent to consider how the organisation can constitute an effective support and Recovery resource that can assist psychological, social and economic Recovery. It is, therefore, important that Businesses develop strategies to manage risk through improving their resilience especially in areas susceptible to experiencing large-scale natural hazard activity.This paper discusses issues to be addressed in developing the level of Business readiness required to sustain organisational activity in the event of large-scale natural hazard activity. While issues such as continuity planning and procedures have received extensive coverage in the literature, less attention has been directed to the cultural attributes that underpin the development of capability and the staff competencies required to ensure that plans can be enacted in a timely and effective manner. This paper discusses the latter issues in the context of the continuity planning process. …