Question: Assignment Question ( 1 5 mark ) You are a risk manager of an SME company that have been operating for at least five years

Assignment Question (15 mark)
You are a risk manager of an SME company that have been operating for at least five years in Saudi Arabia and they plan to expand their businesses in the next five years. Your company has more than 10 branches all over the kingdom, more than 150 employees, and annual budget of SAR 50,000,000, and average of 20-40% profitability. You have been requested to develop and submit a risk assessment report to the Board of Directors highlighting the significant risks that could affect the achievement of the strategic goals and objective of the company in the next 5 years.
First: Before moving to the next steps, you must make your decision about selecting one of the following business domain/sectors classifications that your SME company belong to:
1.Healtcare products and servicecs
Second: By using (1)your risk management skills, (2)historical information about the business of your company classification, (3)the local business environment that the company operates within, and (4) your company strategic goals and objective statement; you are required to complete the following:
*Conduct a risk identification process to identify at least 4 major risks using FIRM classifications method, and by applying Root Cause Analysis (RCA) using the 5 Why's approach (Please include explanatory written paragraphs, tables and graphs).
For

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!