Escolar Documentos
Profissional Documentos
Cultura Documentos
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Task 1:
A. Financial risk- This includes the risk of cash flow, association of funds including
loan agreements. This risk is related with both income and profit earning from the
customers that leads to serious problems among investors. This problem can be solved
by applying legal requirements in order to maintain the financial records. This can be
solved by using the computerized receipt for their customers. This risk creates with the
lack of training and skill employees and hampers the development of professional goal.
B. Legal risk- These Risk Factors arises with the due diligence, integrity and the
On the other hand, it can be overcome by the ensuring all the legal documents in safest
place. This legal activities includes the law of company the is based on the following:
Corporation Act 2001 and Australian securities and investments commission Act 2001.
This act includes the correctly description of the transactions, company’s financial
records and so on. This financial record is required in order to deliver the fair and
loyalty statements for their customer. This requires proper audit so as to make it
C. Risk of safety- This includes the possible risk of safety arises with the confidential
information, financial transactions, legal aspects and so on. This can be minimized by
proper application of the company legal laws that depicts the company’s overall
records. This includes the external and internal environment that arises during the
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From the case study, it is observed that team fails to take the order through phones,
frequently make typing mistakes and not dispatching the documents correctly. This risk
is rated as high risk because this may creates problems in achieving new scopes for
business. The team are not responding to the problems and reply their customers by
saying they cannot do anything. This is considered as moderate issues .Apart from that,
it is observed that departments of staffs are not answering to any occasion for order
taking over phones and this is considered as high risk. Additionally, the team members
are not taking active part in meeting the goals. They even missed dispatched it and
make frequent mistakes of delivery and this is considered as high risk because it may
A. Avoiding risk- This includes the proper management in monitoring of risk hazards
B. Transferring of risk- This includes transfer of better means to other dilute impacts
C. Risk accepting- Some risks are unavoidable and this is best applicable where the
D. Mitigating of risk- This includes the necessary action for stopping the hazards from
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Manager: hello everyone, this meeting is organized for understanding of
Client 1: Yes sir. We are highly interested for communicating over the risk factors ans
Manager: To mitigate the risk there is a training and skills program that will help all of
Client 2: Okay sir. We are pleased to attend the training session and implement the
techniques for managing of the risk and mitigate the issues as well.
Manager: Very good. Hope this will help to enhance your performances as well.
Political factors- This factor emerges increased focus on enhancing the performances
of their workers in order to compete with the external environment. On the other hand,
it includes more competitions for the International market that provides fast responsive
corporation of networks.
helps to provides the customers increase in per capita income and enhances standard of
techniques for healthful products and lifestyle provided for the customers. In addition
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to that, it identify the necessary risks arises due to migration of populations. This also
helps to provides necessary ideas for enhancing the interests rate on the products and
Technological factors- This factors includes the uses of innovative methods for
communication such as computers, tablets, smart phones and also wireless network.
This technology helps to enhances the awareness of customers by accessing the process
through mobile applications. On the other hand, it provides growing method of voice
Progress of action
The risks arises due to unplanned techniques provides numerous issue for outsourcing
observed that, the employees are not well trained to tackle the compliant of customers.
This issue is minimized using the risk management techniques that includes the
following:
A. Planning: This process includes the key practices in order to identify the possible
happenings during the execution of development professional goals. On the other hand,
this practices includes the learning skills that is vital part for this performance
enhancement in order to make aware of the roles and responsibilities towards their
B. Processing: This includes various options and opportunities for range of solutions
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C. Evaluating: This process includes the necessary review and observation in order to
change the techniques and necessary improvements for operation professional goals.
(Cammack,2014).
The result of the current plan is quite successful in overcoming the political, economic,
social and technological issues of the company. Additionally, it adds decision making
ideas such as financial, strategic and personal risk. Apart from that, it includes
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Reference List
Beare, H., Caldwell, B. J., & Millikan, R. H. (2018). Creating an excellent school:
terrain. Educational researcher, 33(8), 3-15.Leu, D. J., Kinzer, C. K., Coiro, J. L., &