Business Continuity and Sustainability Management

Questions and Answers

What are the key areas encompassed in business continuity management with a focus on sustainability?

Circular economy principles

The Triple Bottom Line (TBL) framework measures a business's success in two key areas: profit and planet.

False

What does ESG primarily evaluate in a company?

performance and risk

The 4 pillars of business continuity are Prevention, Preparedness, Response, and ____. Fill in the blank.

<p>Recovery</p> Signup and view all the answers

Match the following components of the Business Model Canvas with their descriptions:

<p>Key Activities = Activities and resources needed to deliver value propositions Key Partners = Who the key suppliers and partners are Key Resources = The resources necessary to create value Customer Relationships = How relationships with customer segments are maintained over time</p> Signup and view all the answers

Study Notes

Course Overview

Course title: Business Continuity and Sustainability Management (EXC3679)
Course objective: To provide insights into challenges and methods for business continuity, focusing on sustainability perspectives and challenges

Course Structure

Part 1 (70%): Project assignment, deadline 12h00 on 22nd July, group/individual (1-3)
Part 2 (30%): Individual home exam, 1 hour, including literature, lecture slides, and class discussions

Project Assignment

Expected outcomes:
- Understand current business model and sustainability goals of a chosen company
- Develop a sustainable Canvas Business Model
- Gain insights into risk assessment and Business Continuity Management
- Learn to create and implement a Business Continuity Plan
- Improve crisis management and communication skills
- Enhance ability to work collaboratively to solve real-world problems

Sustainability

Defined as the ability to maintain or support a process over time
Focuses on the triple bottom line (TBL): Profit, People, and Planet
ESG (Environmental, Social, and Governance) evaluates a company's performance and risk, balancing economic, social, and environmental considerations

Business Continuity Management (BCM)

Implementing: Developing and implementing a BCM framework and concepts
Focus on risk management, ISO standard, Supply Chain Risk Management, and the 4 pillars of business continuity (PPRR framework)
Maintaining and improving: Resilience Management, reviewing and updating the BCM plan to improve resilience

Business Model Canvas

Key components:
- Value Propositions
- Key Activities and Resources
- Key Partners and Suppliers
- Customer Segments
- Channels
- Cost Structure
- Revenue Streams
Example: IKEA's Business Model Canvas

Icebreaker Activity

Group task: Develop a business model using the Business Model Canvas for a chosen business type
Presentation: Discuss what sustainability means for the chosen business model