Analysis of Hibbetts BCP

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Freshman (College 1st year) ・Business ・MLA

Businesses are under tremendous pressure to offer constantly goods and services that fulfill and increase profitability for customers and shareholders. The competitive nature of the market environment and the stakeholders who demand increased investment value is responsible for this burden. Thus, a management agency can establish strategies that will allow it in any circumstances to execute its critical functions. In the event of an incident, business operations and functions can be greatly disrupted. To ensure such unforeseen future events will be contained and firm continually undertakes its essential tasks, a company develops a business continuity plan. The strategy addresses key elements in the firm that should be pre-meditated to ensure that Hibbett is well-prepared to respond to unforeseen occurrence capable of interrupting normal activities. This paper seeks to analyze the preparedness of Hibbett as stipulated by its business continuity plan to ensure that the firm continues to deliver sportswear, even in the event of business interruption.

Hibbett Sports Company deals with the distribution and selling of sportswear for both genders and all age groups. With its presence spanning to over ten states in the U.S, necessitates the entity to develop a continuity strategy to ensure that Hibbett effectively and efficiently responds to an incident and continues delivering its critical functions. This plan is as a result of conducting business impact assessment about Hibbett as well as responses to preliminary briefing questionnaire. These documents were used by the student to solicit information from the firm about the effects of an occurrence to key elements of the proposal.

Business Impact Analysis (BIA)

Prior to developing a continuity plan, BIA was conducted to identify the effects that may result from disruptions of essential business activities, processes, and systems. Such impacts are used to make decisions about the recovery priorities and strategies. BIA determines how long a company can operate without a certain product or service following interference of an essential function. Information from BIA enables the company to discern the period it will need to transfer its crucial operations to an alternative location. Business impacts analysis also informs Hibbett’s capacity to alert customers that a particular product will be unavailable for a specified period. Such notification helps to calm clients, hence preventing them from migrating to competitors. BIA enables the enterprise to prioritize time-sensitive process and resources that support them, thus averting major financial losses.

Preliminary Briefing Questionnaire

The questionnaire was used to collect information about crucial dimensions of the company that was not gathered using the BIA. Information relating to key employees, key customers, and their respective contacts is provided for by this kind of survey. The briefing also provides statistics regarding the vital documents and records as well as their form of storage. Responses provided in the questionnaire enabled the learner to design continuity plan that will safeguard crucial materials through a backup strategy against unforeseen hazards. The inquiry form provided facts that filled up the stability proposal.
Conclusion

To sum it up, neither the results from business impact analysis nor the responses of preliminary briefing survey were sufficient enough, to independently enable the learner to develop the business continuity plan. The scholar carefully utilized the contents from BIA and preliminary briefing as well as the class lectures and individual research, to formulate the most applicable continuity policy to Hibbett. As such, the student was able to develop a plan that will enable the company to contain any interruption in future without incurring disastrous financial losses. The strategy will also allow staff members to be aware of what is expected of them in case of an incident, thereby enhancing the level of awareness and readiness in the company.

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