Case Study Part II

 CASE STUDY 2
 

The key to this assignment is to demonstrate your understanding of the  topics, not to re-word the text or reference material. Please see  Appendix A for the grading rubric on all written assignments.
 

Please complete the scenario below following these guidelines for your deliverable.
 

This portion of the Case Study assignment must be a minimum of 2 pages  double spaced; plus a title page and a reference page for a total of 6  pages.
 

Make sure you are using at least two (2) academic references for this phase.
 

This submission should be created following APA 6th edition guidelines.
 

The paper is to follow the APA style guide, Sixth Edition (available via bookstores).
 

Also refer to APA’s online resources: http://apastyle.apa.org/learn/tutorials/basics-tutorial.aspx
 

Submit your assignment as a MSWord attachment.
 

You will be required to run your paper through Turnitin.com, ensure  that your similarity index is sufficiently low, and submit an  originality report with your paper. 
 

A) PROPOSE A RISK ASSESSMENT METHODOLOGY WHICH CAN BE USED ALONG WITH YOUR CHOSEN COMPANY IN CASE STUDY PHASE 1 .
 

B) MAKE SURE YOUR REFERENCES LIST CONTAINS AT LEAST 4 SOURCES
 

Running Size of your deliverable should include the 2 Pages of content  for this phase, a title page, the references page, plus the 2 pages from  Case Study Phase 1 for a total of 6 pages (including title and  references).

Running Head: RISK MANAGEMENT 1

RISK MANAGEMENT 4

Risk Management

University Affiliation

Student Name:

Tutor Name:

Date of submission:

Business risk refers to the possibility of a business receiving fewer returns on an investment than expected or having a loss instead of profit. It could be terms of profit that the investment is expected to give. This exposes risk to the business bottom line and the financial plans of an organization. Numerous factors influence these risks to an organization and hence an organization should put in place strategies to avoid or reduce chances of the risks and even lower the effects of the risks in case they occur. The risk manager should help in identifying and assessing potentials risks in the organization and putting effort to protect the organization from them (Tsoury et al., 2014).

Tuskys supermarket is a business organization that is spread and well known. It offers goods including clothes, shoes, food stuff among other services. This organization is exposed to many risks which include: strategic risk which occurs when the business lays down business plan and strategies and the business fails to function as per the model. This will eventually lead the organization to being less effective over time and fails to reach its goals and objectives (Tsoury et al., 2014).

Compliance risk is another type of risk which arises in the organization because the company is highly regulated by laws of the sector. These laws must be adhered to in production and in all functioning of the organization. It will therefore restrict its functioning and hence the expected returns may be lowered due to this. Example is the restriction on the cost of a product by the government which could be against its plans (Tsoury et al., 2014).

Another is technology risk which could occur in face of new technologies that evolve each day. Online buying and selling can easily overtake the supermarket. This is because many people will prefer to buy online and save time and travelling charges. Another form of technology risk is on the form of payment where customers would like to pay in their preferable means. Form of security in the organization is also key in order to monitor and record the operations in the supermarket all day long. The organization should have strategies to upgrade to every growing technology (Hopkin, 2017).

Employee risk is also there where the company may need more trained employees. This could occur if new services are introduced in the market and the organization needs to employ staff that has the skills. The risk also involves finding enough people to work in each of the branches. Transparency and trust of the employees is also a risk it is exposed to since the money is I the hands of the employees (Hopkin, 2017).

Market risk is exposed to the organization since the organization depends on the market in order to function. The risk here is about the satisfaction of the customer needs and how the organization is placed in order to offer their services and goods. If the customers are not satisfied they will move to other providers. Economic risk is also another risk which involves the economy rising or falling. When the cost of living becomes high, the customers tend to reduce and hence the sales volume may be lowered (Hopkin, 2017).

This business organization has a great ability to function since it offers wide variety of products and is reliable due to its operation hours. They offer goods and services essential in the society and hence cannot be avoided by customers (Hopkin, 2017).

Reference

Hopkin, P. (2017). Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers.

Tsoury, A., Pnina, S., & Reinhartz-Berger, I. (2014, September). Detecting, Assessing, and Mitigating Data Inaccuracy-Related Risks in Business Processes. In International Conference on Business Process Management (pp. 557-560). Springer, Cham.