Instructions: Read the material at the sites listed in the Week 4 and 5 Content Section to help guide you assess the risks/rewards and impact identification related to the solution(s) to the management problem you are exploring. Complete a 4-6 page paper discussing the risks/rewards and impact identification to your client as they relate to the management problem you chose. A minimum of 4 new (not used in the prior assignment) references should be used. The title page and reference pages do not count towards the 4-6 page minimum length requirement.
Submission Instructions: Upload the paper to your Week 5 Assignment folder. 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.
Part 1: Risks and Rewards
- What changes in 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?
Part 2: Impact Identification
- As you do your analysis (BIA), consider both short-term and long-term impacts and how employees, clients, and stakeholders will respond to the potential changes in the business environment. Identifying the short and long-term consequences can help make the necessary adjustment to your plan.
