In this in-depth exploration, I delve into the complex implications and costs of cybersecurity breaches. Venturing beyond just the immediate repercussions, the research unearths both the overt and concealed long-term ...In this in-depth exploration, I delve into the complex implications and costs of cybersecurity breaches. Venturing beyond just the immediate repercussions, the research unearths both the overt and concealed long-term consequences that businesses encounter. This study integrates findings from various research, including quantitative reports, drawing upon real-world incidents faced by both small and large enterprises. This investigation emphasizes the profound intangible costs, such as trade name devaluation and potential damage to brand reputation, which can persist long after the breach. By collating insights from industry experts and a myriad of research, the study provides a comprehensive perspective on the profound, multi-dimensional impacts of cybersecurity incidents. The overarching aim is to underscore the often-underestimated scope and depth of these breaches, emphasizing the entire timeline post-incident and the urgent need for fortified preventative and reactive measures in the digital domain.展开更多
Financial resilience refers to a start-up's capacity to anticipate,plan for,respond to,and adapt to gradual change and abrupt unforeseen shocks to survive and thrive by enacting appropriate economic policies to de...Financial resilience refers to a start-up's capacity to anticipate,plan for,respond to,and adapt to gradual change and abrupt unforeseen shocks to survive and thrive by enacting appropriate economic policies to decrease budget deficits.Economic history tells us that more companies fail to emerge from a downturn than go into or during it.Many studies have been done on financial resilience in many dimensions,but no one has studied start-ups’organizational readiness for financial resilience.This gap inspires the current research,which uses the Total Interpretive Structural Modelling(TISM)approach to identify financial resilience factors and analyze hierarchical interrelationships start-ups’organizational readiness factors for financial resilience.This article aims to identify,assess,and categorize start-up organizational preparation elements for financial resilience.The result shows that the first importance should be given to digital financial innovation,liquidity planning,going concern consideration,financial strategy of CFOs,and cyberthreats.Managers of start-ups can utilize the findings of this study to prepare for financial resilience professionally.In a fast-paced environment,start-ups may use financial resilience to gain a competitive edge.展开更多
The concepts of business continuity management,operational resilience,and organizational resilience each refer to actions that businesses and organizations can take in anticipating and responding to disruptions.Howeve...The concepts of business continuity management,operational resilience,and organizational resilience each refer to actions that businesses and organizations can take in anticipating and responding to disruptions.However,the existing definitions and usages are difficult to differentiate due to overlapping objectives,implementation processes,and outcomes.This article examines definitions and approaches for these three concepts and suggest a framework to operationalize methods and tools relevant to each.These definitions emphasize three dyads:risk versus resilience;organizational processes versus assets;and normal operating conditions versus crisis conditions.Using these dyads to differentiate the concepts of business continuity management,operational resilience,and organizational resilience can support planners in clarifying objectives and identifying which approach will be most beneficial as businesses or organizations plan for and encounter disruptions.This article evaluates these concepts by examining illustrative examples of disruptions and responses.展开更多
文摘In this in-depth exploration, I delve into the complex implications and costs of cybersecurity breaches. Venturing beyond just the immediate repercussions, the research unearths both the overt and concealed long-term consequences that businesses encounter. This study integrates findings from various research, including quantitative reports, drawing upon real-world incidents faced by both small and large enterprises. This investigation emphasizes the profound intangible costs, such as trade name devaluation and potential damage to brand reputation, which can persist long after the breach. By collating insights from industry experts and a myriad of research, the study provides a comprehensive perspective on the profound, multi-dimensional impacts of cybersecurity incidents. The overarching aim is to underscore the often-underestimated scope and depth of these breaches, emphasizing the entire timeline post-incident and the urgent need for fortified preventative and reactive measures in the digital domain.
文摘Financial resilience refers to a start-up's capacity to anticipate,plan for,respond to,and adapt to gradual change and abrupt unforeseen shocks to survive and thrive by enacting appropriate economic policies to decrease budget deficits.Economic history tells us that more companies fail to emerge from a downturn than go into or during it.Many studies have been done on financial resilience in many dimensions,but no one has studied start-ups’organizational readiness for financial resilience.This gap inspires the current research,which uses the Total Interpretive Structural Modelling(TISM)approach to identify financial resilience factors and analyze hierarchical interrelationships start-ups’organizational readiness factors for financial resilience.This article aims to identify,assess,and categorize start-up organizational preparation elements for financial resilience.The result shows that the first importance should be given to digital financial innovation,liquidity planning,going concern consideration,financial strategy of CFOs,and cyberthreats.Managers of start-ups can utilize the findings of this study to prepare for financial resilience professionally.In a fast-paced environment,start-ups may use financial resilience to gain a competitive edge.
基金funded in part by the US Army Engineer Research and Development Center(FLEX-4).
文摘The concepts of business continuity management,operational resilience,and organizational resilience each refer to actions that businesses and organizations can take in anticipating and responding to disruptions.However,the existing definitions and usages are difficult to differentiate due to overlapping objectives,implementation processes,and outcomes.This article examines definitions and approaches for these three concepts and suggest a framework to operationalize methods and tools relevant to each.These definitions emphasize three dyads:risk versus resilience;organizational processes versus assets;and normal operating conditions versus crisis conditions.Using these dyads to differentiate the concepts of business continuity management,operational resilience,and organizational resilience can support planners in clarifying objectives and identifying which approach will be most beneficial as businesses or organizations plan for and encounter disruptions.This article evaluates these concepts by examining illustrative examples of disruptions and responses.
