Business Continuity & Sustainability Management Lecture #1 PDF

Business Continuity and Sustainability Management (EXC3679) Lecture #1 Riana Steen Oslo- Nydalen Today Course overview, objectives and schedule Literature Evaluation Icebreaker Canvas Business Model Riana S...

Business Continuity and Sustainability Management (EXC3679) Lecture #1 Riana Steen Oslo- Nydalen Today Course overview, objectives and schedule Literature Evaluation Icebreaker Canvas Business Model Riana Steen Associate professor BI Associate professor University of Stavanger Tlf 98251773 [email protected] Linkedin: https://www.linkedin.com/in/riana-steen-1b926365 Research area: Resilience engineering, Risk and security management, crisis management, BC & sustainability management (EXC3679): Course Objective […] to provide students with insights into the challenges and methods for business continuity. Developing competence in applying frameworks for identifying, assessing, mitigating, and responding to potential disruptions in various business contexts. Focus on sustainability perspectives and challenges, encompassing key areas such as the Sustainable Development Goals (SDGs), environmental responsibility, social governance (ESG), and circular economy principles, all within the context of business continuity management. Literature Compulsory articles, videoes and other documentation Other relevant readings Additional material may be added during the course Its’Learning: All material Cource evaluation Part 1 (70%): Project assignment: Deadline 12h00 at 22. July; Group/Individual (1 - 3) Part 2 (30%): Individual home exam 1 hour: In the exam, you will need to answer questions using course material. This includes: Literature from the reading list Lecture slides Discussions in class + Multiple choice questions Project assignment starts now! Expected outcomes from the project assignment Through this project assignment, students should: ✓ Understand the 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 their ability to work collaboratively to solve real-world problems. Business Continuity and Sustainability Management Business Sustainability Continuity Management Sustainability in business model: protecting people and the environment Sustainability: The triple bottom line & ESG Sustainability is ability to maintain or support a process over time. The TBL focuses on the broader goal of sustainable development A sustainability framework that measures a business's success in three key areas: ✓ Profit ✓ People ✓ planet. ESG is primarily used to evaluate a company's performance and risk, which seeks to balance economic, social, and environmental considerations holistically. Business Continuity (BC) and Sustainability Management Implementing Maintaining & Developing Improvement BCM Developing: Sustainability and BCM Framework and Concepts Concepts and contextualizing, including risk assessment and business impact analysis (BIA). Understanding the interplay between sustainability and continuity planning, identifying risks, and assessing their potential impacts on business operations. Canvas Business Model Implementing: Sustainability and BCM Framework and Concepts Focus on risk management ISO standard Supply Chain Risk Management The 4 pillars of business continuity: The Prevention, Preparedness, Response and Recovery or PPRR framework Maintaining and improvement Resilience Management Reviewing, and updating the BCM plan to improve resilience and ensure the organization can quickly recover from disruptions Business model & sustainability https://vinco.no/vinco-insight/green-growth-strategies/ https://doi.org/10.1016/j.erss.2018.04.030. Business Model Canvas What key activities & resources do we have to do to deliver the Value What value do we deliver to Propositions? the customer? Who are our Key Partners? For whom are we creating Who are our Key Suppliers? value? How do we maintain the relationshi with our customer segments over time? Through which channels? What are the most important costs and revenues in our business model? Example: Business Model Canvas for IKEA Business Model Canvas Key activities: Product design and development; Supply Affordable home furnishing solutions; Wide range chain management; Marketing and sales; Retail operations of products; Modern and functional design; Resources: Brand reputation; Global supply chain; Retail Sustainability focus stores; Human resources (etc.) Budget-Conscious Consumers; Furniture suppliers families, companies, etc. Raw material suppliers Logistics partners Customer Relationships: High degree of self-service; The customer picks up from the warehouse and assembles themselves Channels: Stores www.ikea.comIKEA catalog Cost: HR, stores, procurement of parts and services, brand building, etc. Sale of home furnishing products, sale of food, transport, cash payment, and IKEA card Group task - icebreaker 8-10 Groups– we will choose the groups - get to know each other Select a specific business type (e.g., tech startup, local bakery, online retailer). Develop a business model using the Business Model Canvas. 40 minutes in groups including the break 7-10 minutes for presentation about (Random 4 group): What does sustainability mean for your chosen business model? Preparations for lecture 2: You can work in groups on this Business Continuity (BCM) and Risk Management: \Essentials of Organizational Resilience Engemann & Henderson. Chapter 1