Develop a business continuity plan
Develop a business continuity plan for your organization. Describe the basic activities that must be managed by the BCP. Develop plans for alternate site relocation, and develop an estimated monthly budget for the alternate site operations.
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Make sure to follow APA style. Please make sure your submission is 2 – 3 pages in length and meet the minimum APA formatting guidelines:
• 12-pt, Times New Roman font
• 1” margins on all sides
• Please provide a title page including your Name, Course Number, Date of Submission, and Assignment name.
• Paraphrasing of content – Demonstrate that you understand the case by summarizing the case in your own words. Direct quotes should be used minimally.
• Reference Section (A separate page is recommended.) Please cite the source using APA formatting guidelines. If you need guidance or a refresher on this, please visit: https://owl.english.purdue.edu/owl/resource/560/10/ (link is external) Be sure to include at least three reference sources.
• In-text citations – If you need additional guidance, please visit: https://owl.english.purdue.edu/owl/resource/560/02/ (link is external)
Minimum of 750 word count. Points will be deducted for a low word count.
Only one set of Bullet points is allowed.
Part 1: Review Questions
Forecasts have powerful influence on what companies do, through budgets and other planning procedures. Thus, forecasting merits significant management attention and commitment. Provide an example of a budget or sales forecast for a major airline and outline the components of this budget or forecast.
Superior market knowledge is not only an important source of competitive advantage, but it also results in happier, higher volume of, and more loyal customers. Do you agree or disagree with this statement? Why or why not? Defend your answer.
Much can go wrong in marketing research and often does. Becoming an informed and critical user of marketing research is an essential skill for anyone who seeks to contribute to strategic decision making. Do you agree or disagree with this statement? Why or why not? Defend your answer.
Why do market segmentation and target marketing make sense? Provide an example for the airlines industry.
Part 2: Sales Forecasting in the Airlines Industry
As a marketing manager for a major airline, you are faced with strategic planning decisions of growing sales and increasing market share in the leisure travel market. Your boss walks into your office and requests an analysis of past sales in the leisure travel market using regression analysis (Tip: Review video Forecasting in Excel Using Simple Linear Regression in Activity 4.2). Using the Excel data file linked below, create a regression analysis with a graph that you can present to your boss for a meeting next week. Include a summary of your findings that:
Determine if sales are increasing, decreasing, or staying constant based upon the regression forecast.
Explain the deviations in sales demand.
Provide your boss with a suggested strategic directive based upon your findings.
Develop a business continuity plan
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