50 Management Ideas You Really Need to Know (50 Ideas You by Edward Russell-Walling

By Edward Russell-Walling

The fourth identify within the Quercus rules you actually need to grasp sequence demystifies the administration techniques that any budding entrepreneur would wish to know. The 50 bite-sized issues expound the knowledge of the well known company specialists (from Peters and Porter to Welch and Gates), clarify worthwhile theories and instruments (Ansoff's Product/Market grid, the 4Ps, Boston Matrix), extend on administration rules (branding, outsourcing, offer and insist) and canopy the newest advertisement techniques from the net global.

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This Act covers a wide variety of industries, specifically those involved in electronic transactions originating from point-of-sale transfers, automated teller machines, direct deposits or withdrawals of funds, and fund transfers initiated by telephone. The Act further states that any company that facilitates electronic payment requests that ultimately result in a debit or credit to a consumer account must comply with the provisions of the Act. Failure to comply with the provisions of this Act exposes a company and its employees to the following liabilities: • • • • any actual damage sustained by the consumer amounts of not less than $100 and not greater than $1,000 for each act amounts of $500,000 or greater in class-action suits all costs of the court action and reasonable attorneys’ fees Companies covered under this Act are subject to all the liabilities and all the resulting damages approximately caused by the failure to make an electronic funds transfer.

Standards of care and due diligence are required of all corporations — public or private. Not having a BCP violates that fiduciary standard of care. 50 © 2001 by CRC Press LLC 15 AU0907/frame/ch03 Page 16 Monday, July 31, 2000 1:45 PM THE NEED FOR BUSINESS CONTINUITY PLANNING business continuity planning. These legal precedents form the basis of this chapter. One of the precedents that can be used against companies that fail to plan for a disaster is drawn from the case of FJS Electronics v. Fidelity Bank.

In one survey of 560 respondents, 72 percent reported power outages, and 34 percent indicated lightning/storm-related interruptions. More than 46 percent reported telecommunications failure. 3 What is apparent today is that “disaster” has a very broad meaning. No longer is disaster solely associated with headline events such as hurricanes, earthquakes, tornadoes, or floods. Indeed, as Jackson and Woodworth note,7 even brief interruptions to information systems can mean the inability to deliver products and services to the customer, which then impacts revenue, productivity, and customer relations.

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