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Sources of Failures in Business (Hardware failure (Power failure…
Sources of Failures in Business
Hardware failure
Power failure
Contribute to data loss
Keep a backup battery or generator
Always keep a backup file
Power surges
Spike in electric current and make computers automatically shut down
Able to loss in data
Keep surge protectors
Overheating the electronic components/ room
Physical damages to components
Keep computers with good ventilation
Repair the fans or cooling systems
Improve circulation and maintain lower temperature throughout the room
Hard disk failure
Data on the hard disk cannot be read, making the data inaccessible to users
Keep a routine maintenance schedule
Software failure
Cyberattacks
Get serious about data security
Install and regularly update antivirus and antispyware software
Make backup copies of important business data
Regularly change the passwords
Require individual user accounts for each emplyee
Secure the Wi-Fi network
High volume of network traffic
Long time spend by data on traversing
Improvements in query effeciency
Reduction in the volume of messages
Optimization for large and small result sets
Poorly tested software updates
Use original software
Regularly update original software
Keeps data secure
Software bugs
Lack of adequate testing causes bugs to overlook easily.
Test carefully with appropriate knowledge
Human error
When developer writes a bug into a program, it can be difficult to find
Developers have to reduce mistakes
Reducing the problems in the software
Organizational failure
Poor management skills
Impairs the entire process
Have a vision to lead the organization
Make a good management decisions
Prevent business failures
Unable to solve critical issues
Hire right people to delegate responsibility
Supervise staffs regularly
Methodically to prevent business failures
Misplaced focus
Organization would be less effective to attract customers
Establish a niche for business
Set achievable goals
Prioritize your activities
Focus on being great at what you can offer best according to customer satisfaction
Make the best out of your services
Require more funding to pay for new employees, developing new products and features, raw materials, supplies and facilities
Company that has inadequate cash threats for securing business and business growth
Look for multiple sources of finance
Seek help from angel investors
Get a bank loan
Secure the business and gowth
Limited knowledge of the market
Goes blank in the dynamic world of business
Failure become inevitable
Carry out researchers to know customer needs
Know what your competitors are doing
Make business alive in the competitive market
Human failure
Unintentional actions
Slips
Lack of attention
Omissions, misordering
Train employees properly
Gain a experience from errors
Reduce the errors
Communicate with team members
Reduce the slip points
Lapses
Lack of memory
Losing things, omitting data
Lack of sleeping
Take a rest to mind by sleeping, walking and meditation
Improve the memory
Intended actions
Mistakes
Lack of knowledge
Due to new and unexpected concepts
Train on good procedures
People can remember rules back
Reduce the mistakes
Violations
Work pressure, unworkable rules and incomplete understanding or personal issue
Lose focus on the tasks
Similarly separate work load for each employee
Work with clear and relax mind
Reduce errors