Mission Critical

DEFINITION of 'Mission Critical'

An activity, device, service or system whose failure or disruption will cause a failure in business operations. For example, an online business's mission critical is its communication system. A water filtration company will cease to function if its water filter system is down and a bakery will have to shut down if it does not get gas or electricity services to fuel the ovens. In this case, the critical function of this business is to bake desserts and it's mission critical is the power supply required to run the ovens.

BREAKING DOWN 'Mission Critical'

This is a popular term used to describe the essential services required for day-to-day operations. If a business operation cannot be interrupted under any circumstance without hurting production, then this operation is considered the business' mission critical because it is indispensable. Databases and process control software are considered mission critical to a company that runs on mainframes or workstations. Emergency call centers, computerized hospital patient records, data storage centers, stock exchanges and any other operations dependent on a computer and communication systems have to be protected against downtime or shutdowns due to the system's mission-critical functions.

RELATED TERMS
  1. Mission Statement

    A short sentence or paragraph used by a company to explain, in ...
  2. SEC Form ATS

    A form that is filed with the SEC as an initial operation report ...
  3. Water ETF

    An exchange-traded fund that invests in companies operating in ...
  4. Division Of Reserve Bank Operations ...

    An entity under the Federal Reserve System that manages certain ...
  5. Produced Water

    Waste water generated during the production of oil and natural ...
  6. Alternative Trading System - ATS

    A trading system that is not regulated as an exchange, but is ...
Related Articles
  1. Investing

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  2. Investing

    Trading Systems: Run With The Herd Or Be A Lone Wolf?

    Find out if taking the path less traveled will work in your favor - or against it.
  3. Financial Advisor

    A Day In The Life Of A System Trader

    Systems traders divide their time between trading, developing, backtesting, optimizing and forward testing, to create viable and high-probability trading systems.
  4. ETFs & Mutual Funds

    Water: The Ultimate Commodity

    Opportunities to invest in this scarce resource are flowing freely - dive in!
  5. Markets

    In Focus: Water Scarcity

    After a discussion, sponsored by CDP, we share the importance of water disclosure as it relates to businesses operating amid increasing water scarcity.
  6. Investing

    Enterprise Resource Planning System: A How To

    An ERP system won’t transform poor management into good management, but the real-time business analytics can help make good management even better.
  7. Investing

    What's a Divestiture?

    Divestiture is when a company, government or other organization sells, shuts down or otherwise eliminates a division or operating unit. Divestitures happen for many reasons. Management may decide ...
  8. Markets

    General Electric's 8 Most Profitable Lines of Business (GE)

    Learn about General Electric's diverse lineup of business segments, and discover which of its lines of business is the most profitable.
  9. Investing

    Microsoft's New Reporting Structure: A Closer Look (MSFT)

    Learn about the changes being made to the reporting structure of Microsoft's books and how they will affect the way investors read the company's financials.
  10. Markets

    Looking for Cost-Effective Ways to Save Water?

    There are lots of things you can do to save water at home while reducing your ecological footprint at the same time. Here are five simple ways to do it.
RELATED FAQS
  1. How has Google's operations strayed from its original mission statement?

    Learn about Google's current mission statement and decide if Google is practicing what it preaches. Read Answer >>
  2. What is the difference between a capitalist system and a free market system?

    Learn about capitalist and free market systems, how these economic systems function and the main difference between capitalism ... Read Answer >>
  3. What is Apple's current mission statement and how does it differ from Steve Job's ...

    Find out how Apple's mission statement has changed from Steve Jobs' original mission statement. Jobs saw Apple products as ... Read Answer >>
  4. What is the difference between systemic risk and systematic risk?

    Systemic risk is generally used in reference to an event that can trigger a collapse in a certain industry or economy, whereas ... Read Answer >>
  5. What are examples of key operating activities in a company?

    Discover the things that make up a company's operating activities, including examples of some the key operating activities ... Read Answer >>
  6. What does it mean to be "above water"?

    The term "above water" is used to describe any situation in which the ending or current value of a subject is higher than ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center