Identifying Critical Business Services of MBS: Key Considerations for Operational Resilience
This chapter introduces readers to a critical component of operational resilience: identifying Critical Business Services (CBS).
While CBS may initially seem similar to Critical Business Functions (CBF) in Business Continuity Management (BCM), CBS encompasses a broader scope and requires a distinct approach. Understanding CBS and their dependencies is vital for safeguarding the organisation against potential disruptions.
The chapter also highlights a common challenge: many organisations either oversimplify CBS or fragment it into multiple CBFs, as often seen in BCM programs. This misstep can result in an overwhelming number of CBS, complicating the early stages of an Operational Resilience (OR) program.
Readers will gain valuable insights into avoiding these pitfalls and establishing a clear, effective, and manageable framework for operational resilience.
Identifying Critical Business Services
Identifying critical business services is foundational in implementing an operational resilience program.
For Marina Bay Sands (MBS), a world-renowned integrated resort, these services represent the lifeblood of its operations, directly impacting customer experience, regulatory compliance, and financial stability.
Understanding these critical business services and their dependencies is essential to safeguarding the organisation against potential disruptions.
What Are Critical Business Services?
Critical business services are those that, if disrupted, could significantly impact customers, stakeholders, or the organisation itself.
These services are integral to MBS's role as a premier destination for hospitality, gaming, and events.
Key Characteristics of Critical Business Services
- Directly affect the organisation’s core offerings.
- Significant interaction with customers or third parties is involved.
- Are subject to regulatory scrutiny or requirements.
- Have a substantial impact on revenue and reputation.
Identifying Marina Bay Sands' Critical Business Services
Guest Accommodation
Why It’s Critical
As a luxury hotel, guest accommodation is central to MBS's operations. Any disruption, such as system outages affecting room bookings or service delays in housekeeping, could lead to customer dissatisfaction and reputational harm.
Dependencies:
- IT systems for reservations and check-ins.
- Housekeeping and maintenance staff.
- Reliable power and water supplies
Casino Operations
Why It’s Critical
The casino is one of MBS's most significant revenue generators. Downtime due to technical issues or security breaches can result in financial losses and regulatory penalties.
Dependencies:
- Surveillance and security systems.
- Gaming equipment and software.
- Compliance with local and international gaming regulations.
Event and Convention Services
Dependencies:
- Event management teams and service providers.
- Audio-visual and IT infrastructure.
- Food and beverage supply chains.
Food and Beverage Operations
Dependencies:
- Supply chain partners for food and beverage sourcing.
- Kitchen staff and restaurant management.
- Maintenance of hygiene and safety standards.
IT and Digital Services
Why It’s Critical
IT services, from online bookings to in-room entertainment and payment systems, underpin nearly all of MBS's operations. A cyberattack or system failure could simultaneously disrupt multiple business services.
Dependencies:
- Data centres and backup systems.
- Cybersecurity measures and protocols.
- IT support and development teams.
Security and Emergency Management
Why It’s Critical
Ensuring the safety of guests, staff, and assets is non-negotiable. Failures in security operations or emergency response mechanisms could have legal, reputational, and operational consequences.
Dependencies:
- Trained security personnel and emergency response teams.
- Surveillance and access control systems.
- Coordination with local authorities.
Retail and Entertainment Services
Dependencies:
- Retail management systems.
- Entertainment staff and performers.
- Facility maintenance for theatres and retail spaces.
Approach to Prioritising Critical Business Services
Assess Customer Impact
Identify services with the highest potential impact on customer satisfaction and loyalty. For MBS, services like accommodation and gaming often rank highest.
Evaluate Financial Significance
Prioritise services that are major revenue drivers, such as casino operations and large-scale events.
Consider Regulatory Requirements
Map Dependencies
Benefits of Identifying Critical Business Services
- Enhanced Focus on Resilience Efforts: Resources can be directed where needed.
- Improved Risk Mitigation: Understanding critical services enables the development of tailored risk management strategies.
- Regulatory Alignment: Demonstrates compliance with operational resilience guidelines, such as ISO 22316 and local regulations.
- Sustained Reputation and Trust: Minimises the impact of disruptions on customer perception and stakeholder confidence.
Summing Up ...
Identifying and understanding Marina Bay Sands' critical business services is a cornerstone of its operational resilience program. By focusing on these key areas, MBS can ensure its operations remain robust and responsive to challenges, maintaining its status as a world-class integrated resort.
From guest accommodation to IT services, each critical service represents a pillar of resilience, safeguarding MBS’s ability to deliver exceptional experiences in an ever-changing risk landscape.
More Information About Blended Learning OR-5000 [OR-5] or OR-300 [OR-3]
To learn more about the course and schedule, click the buttons below for the OR-3 Blended Learning OR-300 Operational Resilience Implementer course and the OR-5 Blended Learning OR-5000 Operational Resilience Expert Implementer course.
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