Assignment Instructions Instructions: Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management...

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Assignment Instructions



Instructions:
Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management problem you are exploring. Complete a 2-4 page paper discussing the risks and rewards to your client as they relate to the management problem are exploring during this course.



Submission Instructions:
Upload the paper to your Week 4 Assignment folder.


hen reflecting on business risks for the identified solutions, here are some things to consider for your client:



  • · What changes of roles and responsibilities would be required with personnel changes?

  • · What is the succession plan?

  • · What new systems or skills will employees need to gain? What is the financial cost?

  • · What interdepartmental changes need to be made (manufacturing, sales, delivery, financial and IT)?

  • · Would communication barriers increase or decrease?

  • · How would the proposed solutions impact clients? Would it increase their engagement level?

  • · Would the changes impact the brand or reputation in the industry?


While these are not all-inclusive questions, they can provide guidance and clarity when developing the Risk Assessment. Risk analysis should be completed for each proposed solution.

Answered Same DayDec 11, 2021

Answer To: Assignment Instructions Instructions: Read the material at the sites listed in the Week 4 Lessons...

Arunavo answered on Dec 12 2021
144 Votes
Running Head: WEEK 4: RISK AND REWARD ASSESSMENT    1
WEEK 4: RISK AND REWARD ASSESSMENT    5
WEEK 4: RISK AND REWARD ASSESSMENT
Tabl
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Risk is a part of any organization and any organization can face the challenge. It is the responsibility of the manager or leader to control and avoid risk as the activities or the role a manager plays is the reason for the outcome. A leader must adopt some changes in their work to minimize the potential fear of risk. Normally risks are of two types, a fear that something unwanted may take place and the after-effects if some mishap happens. One cannot prejudge the risks but anticipate the types of risks that may take place.
As mentioned by Benson, Fritsch and Langstaff (2018), a potential risk can put an extra burden over the organization that may put a financial downfall, a loss of reputation and also the time that will go unproductive and will bring losses for the organization. A leader must have a conversation with different people to have an opinion about the potential risks. The leader must understand the situations like if considering about a product they must ask the people associated with formulating and development so that a clear idea about the product comes up. Otherwise, while dealing in the market the risk of...
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