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.