Paper4.docx

Risk and Reward Assessment

Instructions: Read the material at the sites listed in the Week 4 Content Section 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.