Kindly refer the attached document for a brief idea on the Apple Inc data based on which the project is required concentrating on the following points:Plan needs to be of a minimum of 2 – 3 pages describing – 1) The importance of the Plan2) How does it pertains to your residency company3) How your role in the company can help the plan be successful.Kindly review and revert if you require any further details on the same.
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Manufacturing industry: Apple Inc
Apple Inc
The discussed Risk control strategies include:
Business impact analysis
Incident response plan
Disaster recovery plan
Business continuity plan
Business impact analysis
Apple Inc. is one of the most successful tech
corporation in the world
The company expanded its business operations
into information service and entertainment
industry
For instance, the company introduced the iTune
Store for streaming music online
It is considered one of the leading online music
retailers, software solutions and video streaming
companies
Business impact analysis
Apple Inc. is one of the most successful tech
corporation in the world
The company expanded its business operations
into information service and entertainment
industry
The company introduced the iTune Store for
streaming music online
Business impact analysis
Apple is one of the leading online music retailers,
software solutions and video streaming companies
Despite the company’ unique brand, Apple Inc.’s
business operational model has maintained a
perpetual market success
The company reported revenue of $220.23 billion
in the year ending 2016
Business impact analysis
The company reported sales of $60.78 billion in
the year ending 2017
The company was able to record a profit margin of
20.67% for the second of 2017
Apple Inc. is one of the leading technology
companies that are generating lump sum of
revenue
Business impact analysis
The company had $35.8 billion in banks on July 31st
2016
However, this now calls for increased corporate
taxation in the U.S.
The company depends heavily on reduced
manufacturing cost in China
Business impact analysis
Political and social unrest in the country, however
disrupts their manufacturing services
The U.S. government is reconsidering restricting
imports from China as a way of boosting American
manufacturing
In response, Apple is establishing major factor
facilities in the United States
Incident response plan
Apple Inc. has an incident response plan in place
to ensure that any breach or incident in the
organization is counteracted or resolved within the
quickest possible time.
The company management has implemented a
business response plan
It is clearly elaborated for dealing with any
eventuality
Incident response plan
The company’s incident response plan is
encompassed of six components:
Organization and staff preparation
Breach containment
Incident identification
Data services and recovery
Problem eradication
Incident response plan
Incident response plan
The organization has adequate incident response
approach that provides a course of actions for all
major incidents
Some disastrous incidents can result to massive
data or network breach and it can negatively
impact the organization.
Apple Inc. management has put in place a detailed
incident response plan for containment of any
eventuality
Incident response plan
A team has been formed in the organization with
the role of ensuring effective implementation of the
incident response plan
The team is comprised of skilled IT staff who are
responsible for collecting, preserving and
analyzing of incidents
The group works closely with communication
experts and lawyers to ensure that legal
stipulations are met
For example, the company has skilled personnel in
place for maintenance of their websites and apps
Disaster recovery plan
Apple Inc. has sets of tools, policies and
procedures useful for enabling continuation or
recovery of key technological systems and
infrastructure in case of disaster
The company’s recovery policies focus on the
technology system that supports crucial business
roles.
Disaster recovery plan
These policies also incorporate critical elements of
IT services and infrastructure relating to
communications including data
The company has implemented effective disaster
recovery plan with clear, laid-down instructions
And procedures for responding to eventual
incident such as fire or flooding
Disaster recovery plan
The organization’s plan comprise of precaution
measures to help in minimizing the effects of disaster
This is important to ensure business continuity
Disaster recovery plan involves a critical analysis of
business continuity and processing needs
Apple Inc. involve in performing analytical business
impact procession and risk analysis
Disaster recovery plan
It is useful for establishing a recovery point objective
and recovery time objective
The disaster recovery begins at the business level
Recovery strategies are essential for defining the
organization’s plan for responding to disastrous
incidents
For example, the company is fully prepared for
recovery of its business operations in case of flood or
fire outbreak
Disaster recovery plan
For effective determination of the appropriate
recovery strategy;
Apple Inc. involves in considering issues such as:
Resources – physical facilities and people
Budgetary allocation
Technology
Business continuity plan
Business continuity plan is the Apple’s plan
It helps to ensure that business processes can
continue without disruption
The company is well prepared for disasters or
emergencies
Such disasters or emergencies include the fire or
flood
Business continuity plan
Business continuity plan of the company involve the
following key components:
Critical analysis of organizational threats
The list of key tasks
Easy location of the managerial contact information
Directive procedures for personnel guidance in the
event of disaster
Business continuity plan
The company also maintains a list of people in the
managerial positions and their telephone contacts
This is crucial for ensuring elaborative
communication between them in case of disaster
Apple Inc. also uses disaster recovery plans and
utilization of data backup
For example, the company run a cloud computing
technology for safeguarding of its data
References
Kakade, P., Raman, S. B., & Sharma, R. (2019). U.S.
Patent Application No. 10/255,574.
Opara-Martins, J., Sahandi, R., & Tian, F. (2016).
Critical analysis of vendor lock-in and its impact on
cloud computing migration: a business
perspective. Journal of Cloud Computing, 5(1), 4.
Rusu, B. (2016). The impact of innovations on the
business model: exploratory analysis of a small travel
agency. Procedia-Social and Behavioral Sciences, 221,
166-175.
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