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. |
|
Investopedia explains '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 Definitions
Articles Of Interest
-
The Basics Of A Financial Analysis Report
Running financial analysis on a company or industry is a key skill every investor must learn and understand how to undertake without which an ineffective financial report and investment recommendation ... -
What is a monopoly?
Monopoly is a fun family game, but in real life, a monopoly can be dangerous to a country's economy. A monopoly occurs when an industry or sector has only one producer of goods or retailer for ... -
How Education And Training Affect The Economy
Education and training benefit not only the worker, but also the employer and the country as a whole. -
Capital Expenditures (CAPEX)
Learn more about what it costs to produce goods. -
Weighted Average Cost Of Capital (WACC)
Weighted average cost of capital may be hard to calculate, but it's a solid way to measure investment quality -
Viewing The Market As Organized Chaos
Find out how a cat and a ladybug prove markets are both random and efficient. -
Qualitative Analysis: What Makes A Company Great?
To understand the qualities that make for a great company, investors must dig deep into "soft" metrics. -
Evaluate Your Investments With SWOT Analysis
Using this method, investors should be able to focus on a company's advantages and vulnerabilities. -
What It Really Takes To Succeed In Business
It takes a lot more than an Ivy League education to become a CEO. -
Using Porter's 5 Forces To Analyze Stocks
These five qualitative measures allow investors to draw conclusions about a corporation that are not apparent on the balance sheet.
Free Annual Reports