Business risks
Read the material at the sites listed in the Content Section .
Assess the risks and rewards related to the solution(s) to the management problem you are exploring.
Complete a 2-4 page paper discussing risks and rewards to your client as they relate to the management problem you are exploring during this course.
Content:
https://www.mindtools.com/pages/article/newTMC_07.htm
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 ?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.