Answer Below Two Questions Each In 300 To 350 Words

Answer Below Two Questions Each In 300 To 350 Wordsa Explain

Explain in Your Answer Below Two Questions Each In 300 To 350 Wordsa Explain In Your Answer below two questions each in 300 to 350 words a) Explain in your own words why you believe planning is important. Select one of the following businesses: a large bank, a government agency, or a hospital, and explain which systems you feel are mission-critical. Then explain how the loss of these systems would affect the organization. b) Go online and search for information about companies that have been harmed or bankrupted by a disaster. Choose one such company and create a brief case study about it. Successful narratives will focus on the manner in which the organization was impacted, including financial losses, losses of sales, or the need for layoffs. Your assignment should be 3-4 paragraphs in length.

Paper For Above instruction

Question a: The importance of planning and mission-critical systems in a hospital

Planning is a fundamental component of organizational success, especially in complex institutions like hospitals where multiple systems operate simultaneously. Effective planning ensures that resources are allocated efficiently, risks are mitigated, and organizational objectives are met within desired timeframes. It promotes proactive decision-making rather than reactive responses, which can be costly and disruptive. In the healthcare sector, where lives depend on the smooth functioning of operations, planning is instrumental in maintaining continuity of care, regulatory compliance, and operational efficiency. Strategic planning also helps hospitals adapt to changes such as technological advancements, demographic shifts, and emergency scenarios, thereby enhancing resilience and service quality.

In a hospital setting, several systems are mission-critical, with information technology and patient management systems at the core of daily operations. Electronic Health Records (EHR) systems are vital for storing and sharing patient data securely and efficiently. The loss of EHR systems could lead to delays in treatment, medication errors, and compromised patient safety. Additionally, laboratory information systems and radiology systems are crucial for diagnostic accuracy and timely treatment. Without access to these systems, healthcare providers face significant bottlenecks, potentially endangering patient lives and increasing operational costs. Ancillary systems like pharmacy management and scheduling are also essential; their failure can lead to medication shortages, appointment cancellations, and increased wait times. The disruption of these mission-critical systems could significantly impair patient care quality, cause financial losses, and damage the hospital’s reputation.

Question b: Case study of a company harmed by disaster

One notable case of corporate disaster resulting from a calamity is the case of Blockbuster, a once-dominant video rental company. Blockbuster's downfall was heavily influenced by its failure to adapt quickly to technological changes and the impact of a major data breach. In 2010, the company suffered a significant security breach when hackers accessed sensitive customer information, including credit card details and personal data. This breach not only eroded customer trust but also led to costly legal liabilities and a sharp decline in sales. Blockbuster's inability to innovate and compete with streaming services like Netflix, which had entered the market during this period, compounded its financial troubles.

The financial impact was severe; Blockbuster experienced declining revenues, resulting in layoffs of employees, store closures, and mounting debts. By 2013, the company filed for bankruptcy, a direct consequence of its inability to withstand the combined effects of technological obsolescence and security vulnerabilities. The loss of customer confidence and the decline in sales demonstrated how critical managing cybersecurity and keeping pace with market trends are for business sustainability. The Blockbuster case exemplifies how disasters—especially those related to security breaches and technological attrition—can devastate a company's financial health, forcing it into insolvency and forcing thousands of employees out of work.

References

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