Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Assignment 4 Risk and Reward Assessment

Assignment 4 Risk and Reward Assessment

Q Instructions: Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management problem you are exploring. Complete a 2-4 page paper discussing the risks and rewards to your client as they relate to the management problem are exploring during this course. Submission Instructions: Upload the paper to your Week 4 Assignment folder. hen reflecting on business risks for the identified solutions, here are some things to consider for your client: • What changes of 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?

View Related Questions

Solution Preview

The risk assessment will be done for the identified problem that is resistant to change. The stakeholders here are the director of the company, employees, and the unions. If the problem is not resolved then the company will be at risk of losing its potential stakeholders. It is the responsibility of the leader to understand the importance of the stakeholders before implementing the stages for the change management within the organization (Aven, 2015).