Manage Risk Leadership and Management †Free Samples for Student

Question: Discuss about the Manage Risk Leadership and Management. Answer: Risk Review Report This report consist the various and affective risks factors which could be harmful for the organization. A risk review report must consider the topics such as analysis of its competitors, market trends, tastes and preferences of the consumers, etc. Risk management report must consider the standards and the benchmarks setup for evaluating the risks for the organization so that appropriate marketing strategies could be developed to deal with those strategies. According to the risk management standard i.e. ISO 31000:2009, there are lot of principles on which the risks are evaluated. Market trends, market environment and market strategies would be evaluated to extract the various risk factors involved in the business environment (Purdy, 2010). Risk should be evaluated accordingly so that board of directors could rely upon the various steps taken by the new manager of the store to avoid the bad impact of the risks factor on the business environment. This is the most crucial role of the new manager appointed in the MacVille store and this should be performed very effectively so that all the risk avoiding factors could be analyzed accordingly (Berg, 2010). All the risks factors should be evaluated properly before leaving them behind because ignoring any aspect of the business in respect to the risk analysis. In terms of the setup a new retail store in the new market is like a big opportunity and this opportunity could result in the positive manner or in the negative manner (Bolman Deal, 2014). SWOT Analysis: Strengths As per the scenarios provided in this report, strengths of the MacVille store are that they are very old in this business and they have appropriate talented employees who can build up the appropriate marketing strategies to deal with the new market conditions. Weaknesses As the company is planning to open a new store in another location of the city. While installing new machinery and launching a new business would occupies same place for the business because in the installation of the new machinery, company needs to provide appropriate training and counseling sessions so that the employees of the company could be familiar with the relevant factors of the new market. Opportunities While launching a new business or a store in the new market conditions, lots of opportunities are available and the first one is set up an important place within the market is a great opportunity for the company (Trkman, 2010). Threats Threats for a new launched store would be settling down in the new marketing environment, to build up the goodwill of the store amongst the public, etc. These all should be considered while developing the risk management report for the new MacVille store in Ruthven Street. Table of Stakeholders Stakeholder Internal/External Character Post CEO Internal CEO is the person responsible for all activities performed within the organization. CEO should evaluate the risk management report through which appropriate results could be found. Directors Internal Directors make available to use the appropriate resources of the organization in the risk management process (Drori Honig, 2013). Directors need to adopt appropriate plans to help the manager to gather the appropriate results of the risk factors of all the areas. Government Agencies External All the policies should be considered while making any report to avoid the unethical practices. They help the new businesses and stores to open their store in the rural areas to develop the areas. Email to the Stakeholders To Cc Bcc Subject: Identification of the Risk Management Report. Dear respected stakeholders, According to the decision made by the directors of the organization to promote the assistant manager of the Queens store for the position of the manager of the MacVille store to be set up in the Ruthven Street. As per the requirement, manager has made a risk management report, so we would like to request you all to evaluate the crucial factors of the risk report as per the list of risks we have analyzed (Heath O'Hair, 2010). Please visit the organization for reviewing the report made by the manager and please evaluate any additional risks factors needs to be analyzed. Send Attach files Delete Summary Notes to the CEO Dear Sir, Please accept greetings from the Manager of the MacVille Store, Ruthven Street. As per organization, directors of the organization, etc. requirements, I have developed adequate plans to deal with the risky situations of the new store. As MacVille is a retail store and planning to open a new store in the competitive market is a big opportunity for the organization. A copy of risk management report along with the lists of risks given by the all the stakeholders have been submitted to them through email. I have also asked them to analyze other risk factors according to the scenario. Thank you! References Berg, H.P., 2010, Risk management: procedures, methods and experiences,Risk Management, 1 (17), pp.79-95. Bolman, L. Deal, T., 2014, Leadership and management,Christian Youth Work in Theory and Practice: A Handbook, pp.245. Drori, I. Honig, B., 2013, A process model of internal and external legitimacy,Organization Studies, 34 (3), pp.345-376. Heath, R.L. O'Hair, H.D. eds., 2010, Routledge, Handbook of risk and crisis communication. Purdy, G., 2010, ISO 31000: 2009setting a new standard for risk management,Risk analysis, 30 (6), pp.881-886. Trkman, P., 2010, The critical success factors of business process management,International journal of information management, 30 (2), pp.125-134.