make a detailed and in-depth risk analysis for the hazard, financial, and operational risks for the following
Question:
make a detailed and in-depth risk analysis for the hazard, financial, and operational risks for the following case:
- Read carefully through the case
- Describe and explain each risk - what is the context?
- Identify the type of risk this is (in this case, only hazard, financial, and operational risks)
- Assess the likelihood that the risk will occur
- Evaluate the likely impact on the company and stakeholders
- For each risk, analyse and explain how you can manage this risk (Mitigate, Eliminate, Accept or Transfer)
Types of risks to cover:
Hazard - Natural disasters, negligent behavior, etc.
Financial - Liquidity choices, major use of capital
Operational - Day-to-day operations, customer satisfaction, procurement of materials
BanthGroup is a BC-based real estate company that is publicly listed. The company has primarily targeted foreign buyers by providing support with legal documentation and real estate sales for non-Canadians interested in purchasing properties in BC, particularly in the Vancouver area. While the company also sells properties to Canadians, this makes up a smaller portion of their business. However, due to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, BanthGroup's current business model has been disrupted. As a result, the company's directors are seeking new market opportunities, such as the rental or commercial property market. The CEO has tasked the growth and new ventures team with analyzing these options and providing recommendations. The team's first step is to research and analyze the potential market opportunities, assess the risks involved, and ultimately provide a recommendation on how to successfully navigate this market challenge.
Modern Systems Analysis And Design
ISBN: 9780134204925
8th Edition
Authors: Joseph Valacich, Joey George