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  • Author: Laura Blid x
  • Management, Organization, Corporate Governance x
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Effective energy planning for improving the enterprise’s energy performance

Abstract

The global pressing need to protect the environment, save energy and reduce greenhouse gas emissions worldwide has prompted the enterprises to implementing both individual energy saving measures and a more systematic approach to improve the overall enterprise’s energy performance. Energy management is becoming a priority as enterprises strive to reduce energy costs, conform to regulatory requirements, and improve their corporate image. As such, enterprises are encouraged to manage their energy related matters in a systematic manner and a more harmonized way, to ensure continual improvement on their energy efficiency. Despite the increasing interest in energy management standards, a gap persists between energy management literature and current implementation practices. The release of the ISO 50001 international standard was meant to help the organizations develop sound energy management systems and effective process-based energy management structures that could be recognized through third-party certification. Building on the energy management literature and energy management standards, the current paper presents the essential steps the enterprises should take to practically design a sustainable energy management system. Also, by using multiple case studies of enterprises that have implemented an ISO 50001 energy management system, it introduces a structured approach that companies can use to effectively develop their energy planning and improve energy performance. The key components of the enterprise’s energy planning are discussed, as well as practical examples of energy objectives and performance indicators from various industries are offered. The paper shows that by establishing an effective energy planning system, this will efficiently meet demands for achieving energy performance indicators and international certification.

Open access
Business impact analysis for business continuity: Evidence from Romanian enterprises on critical functions

Abstract

Organizations are increasingly subject to hazardous events and threats, which can be critical for their business operations and performance. Any natural, accidental, or deliberate incidents that happen to the organization can cause major disruptions to it. The present paper aims to examine the prerequisites for a sound business impact analysis necessary to build the organization’s business continuity management capability and ensure business resilience. It is meant to discover those critical functions and resources which are vital to business operations in a sample of small and medium-sized enterprises from a certain geographic area in Romania, in order to maintain their core operations and ensure business continuation. The research results rely on the data collected through face-to-face interviews from 119 Romanian companies. The research findings of the multiple linear regression employed indicate that, in undertaking business impact analysis for business continuity, it is vital for enterprises to identify the skills and level of expertise required from staff to carry out organization’s critical activities. Also it is critical for companies to identify alternative premises and systems and means of voice and data communication, as well as the priority suppliers/partners whom they depend on, necessary to undertake their critical activities. The study contributes to the literature by providing empirical evidence on the prerequisites of the organization’s business impact analysis that are critical to build a strong business continuity management capability. It also offers new insights to companies meant to generate a better understanding of current practices of undertaking a business impact analysis for business continuation in their organizations.

Open access