Management now wants to be more cautious about such risks. To avoid more unforeseen challenges in the
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Question:
Management now wants to be more cautious about such risks. To avoid more unforeseen challenges in the process, the vice president (VP) wants you to identify and assess other current or potential risks the organization may face due to the proposed acquisition and recommend strategies to mitigate them.
Write a report for the VP with risk assessment and mitigation recommendations for the organization in the scenario and its exit strategy.
Specifically, you must address the following:
- Risk Identification: Apply the fishbone method to analyze two other risks or problems the organization is facing. Your response should include the following:
- Identify two risks or problems to be resolved and create a fishbone diagram for each. Refer to the fishbone diagram template for help. Insert a screenshot or copy your fishbone diagram to your report.
- Identify one main cause and ancillary causes for each risk or problem.
- Risk Evaluation:
- Evaluate the probability and impact of each identified risk or problem as low, medium, or high.
- Justify your evaluation of the impact and probability of each identified risk or problem. Provide rationale with supporting data.
- Risk Mitigation: Recommend one way to mitigate each identified risk or problem. Support your response.
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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