This task is very similar to what you did for P6/M3 but, for this one, you are considering the future potential impact of 3 external factors (from economic, political, legal and social factors) on ONE of your organisations. You are also considering in this task the impact on all the things you have discussed in the unit: the business activities; organisational strategy that would be necessary in the circumstances; the internal organisation structure; the functional activities that take place and the different stakeholders of the organisation. In all cases, refer to how the organisation’s strategy will be affected. Obvious organisations that are starting to undergo substantial change are the NHS (total restructuring and devolvement of funding and power) and education service (planned phased cutbacks – immediate effects at this school include the senior leadership team teaching again from September, staffing cuts and spending cuts). Below are some questions that will guide you to complete D2.
In the first half of the year earnings for the Resources division have increased, due to higher export coal prices. * Operating in many different geographical areas * Being dependent on customers and supplier chains in each local and overseas areas, as well as different geographical areas of operations. This increases inherent risk due to difficulty to control operation in different locations as well as the climate changes in regards to their products. II. Unusual pressure on management The management is under unusual pressure to perform well and increase returns for shareholders in order to gain more remuneration: * Objective to provide a satisfactory return to shareholders, this would increase inherent risk due to pressure placed on management in order to meet budgets or forecasts * Remuneration plans * Also the directors have significant remuneration plans – they are awarded a lot of
Part 1: Introduction i) Organizational Domain: What business is the organization in? Vaccine and anti-virus software industry Part 2: Structure Analysis i) Analysis of structural fit: a) Diagnose the Environment - # of Task Environment sectors (complexity) Competitors, technology and customers - Stability of the task-environment sectors (stability) Quite stable but very competitive, and technology is changing rapidly - Level of Uncertainty (Complexity & Stability) very uncertain, because of changing technology and lots of competitors. - Coping with Uncertainty About catching technology quickly b) Diagnose the Goals - Primary goals? Value proposition?
P3- How and why it is important to carry out risk assessment There are many risks around us all the time; some risks are more likely to occur than others. Some risks can be controlled whereas others can be a lot harder to reduce or prevent.Risk assessments are needed to minimize the risk of an environment. Once a risk assessment has been undertaken you can then identify what risks are there and how you are able to either reduce or prevent it. By doing this you are then able to create a safe environment.The five steps to risk assessments; STEP 1- Identify the hazards...Walk around observing the area and environment you are working in. Asking your employees what they think after you have observed the area, can be a great way of insuring you haven’t missed any potential hazards.If you don’t identify hazards in the setting/environment you will be putting yourself and everyone else within the building at risk and also your business.
The sooner the issues have been caught the sooner it has been taken care. Risk management is also important part of the project management. Risk is encountered throughout the life cycle of the project. For Ka-Pow project we came up with the Risk Management Plat which talks about the risk identification, risk response, risk planning and risk monitoring and control. Next step is to create communication plan and create meeting agenda.
The process of planning for a possible disaster starts with the planning committee coming up with a risk analysis. The impact of several disaster scenarios including the impact and consequences of the different scenarios needs to be analyzed to determine the impact to the business. To keep Sunica Music and Movie up and running during a disaster the critical facets of the business need to be functional regardless of the disaster. The following departments are detrimental to the continued success of the business during a disaster: key functional operations, key personal, vital records, processing systems, vital records, information and documentation, and policies and procedures. To determine which departments and organizations need to be back online first to sustain to smallest amount of impact, process and operations need to be analyzed to find what the time frame is that each area of the business can function without each critical system.
The company needs to identify what is the contributing factor in loss sales and revenue. Internal and External surveys should be done to identify the contributing factor for loss sales and revenue and the key will be to pay attention to details to locate the trouble indicators. Once the company has identified their strength and weakness they will need to identify opportunity for sales and revenue increase for the future. Some of the key questions to identify areas of opportunity are; what are the trends patterns of the customer, what changes in technology will affect this market, what affect the economy
Allstate Insurance Company Goal setting is the process of bringing out the capabilities, settling, and recognizing targets that challenge the individual (Hellriegel & Slocum Jr., 2011). The goal setting model starts with the challenge. Performance is likely to be high when challenging goals have been set. Following the challenge are moderators, which consists of ability, goal commitment, feedback and task complexity. After moderators there are mediators, mediators consist of direction, effort, persistence, and task strategy.
Because of higher margins, A) According to the case undervaluation is due to mainly 2 factors: Tax liability of Veritas stake and the current condition in the disk drive industry. 1) If Seagate sells Veritas shares or distributes them to Seagate shareholders a huge tax liability will occur. Seagate will be taxed because of the capital gain and also its shareholders will be taxed from their capital gains. 2) Seagate’s main business activity is disk drive business and it has already reached a mature level in the whole industry. Stock Market recently
Running head: Minimizing Tort and Regulatory Risk Week Two Assignment Recognizing and Minimizing Tort and Regulatory Risk LAW 531 - University of Phoenix Risks to the business must be identified early and as much as possible, before they become an issue. Regulatory risks are an example of risks that can be identified and managed before they occur, based upon the regulatory agency rules and precedence set in the judicial rulings. Tort liability is a key component to regulatory compliance, and mitigation of the risk involved with conducting business in the component area of choice. Due to the large risk factor, a Risk Reduction Plan (the plan) has become necessary. The plan will be installed and maintained by the Risk Reduction