INTRODUCTION Eyjafjallajkull, English Eyjafjalla Glacier, is one of the smaller ice caps of Iceland, north of Skgar and west of Mrdalsjkull. The ice cap covers the caldera of a volcano with a summit elevation of 1,651 meters.
1. Could a company even plan for this type of
situation? If yes, how? If not, why not? Companies with substantial amount of resources do plan out a strategy for a catastrophe like this. Different multinational companies conduct seminar and session regarding disaster management in which they provide sufficient amount of information to overcome such situation. For a multinational company it is essential to probe various type of situation and make necessary arrangement in case of sudden emergency. Where as companies with limited amount of resources suffers in such scenario as they don't have the workforce and resources to focus on activities other than companys principle activities.
2. Would goals be useful in this type of situation?
What types of goals might a manufacturing company like BMW have in such a situation? How about a global airline? How about a small flower grower in Kenya? Goals that can allow a company to sustain and bare the impact of such situation are suppose to leave the trifling activities a side. Companies like BMW should focus on its shipments and deliveries. They should also focus on the assembly line, making sure its running. Global airline should announce the details about the catastrophe and should compensate the loss of their customers in order to retain them for future flight. For those with a perishable goods, such organizations should divert their course of shipments or can sell their products to their customers to minimize their lose.
3. What types of plans could companies use in this
type of situation? Explain why you think these plans would be important. Following are the plans that a company can make in such situation: Business recommencement Plan Occupant Emergency Plan Continuity of Operations Plan Incident Management Plan Disaster Recovery Plan These plans are essential and can help a company out in such a situation, in case of an emergency the priority of any company should be to carry on its business plan. opting all the essential and drop all the trifling activities.
4. What lessons about planning can managers
learn from this crisis? Valuable lesson can be learned by the managers after considering this event, lesson like anticipating the unknown events being the imminent one. This event truly delineates the vulnerability of organizations that are to much involved in their principle activities that they do not even bother to think about some thing unusual. Managers can extract a valuable lesson form this case study that there vigilance and audacity can be put to test any time so, there strategies should be flexible enough to bent according to any situation.
