Risk and Reward Assessment and Impact Identification

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.

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.

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