BUS 640
w4d2 - Copy - Copy.docx

w4d2 - Copy - Copy.docx - Above is the annual report for...

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Above is the annual report for 2015 for my employer L-3 Communications.
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Using the annual report from the company that you have selected for your Final Project, discuss the risks the company faces and the actions they take to mitigate those risks. Refer to the Management Discussion and Analysis section of the annual report for this information. Risk mitigation is defined as the “systematic reduction in the extent of exposure to a risk and /or the likelihood of its occurrence. Also known as risk reduction” (Business Dictionary, 2016). The risks of the company faced throughout the year was losing the Head-of-state aircraft modification contract that would result in a decline of sales and margin. In order to mitigate these risks the company has strengthened their portfolio and expanded their operating margins. Furthermore, they have launched several initiatives to enhance operations while also increase oversight and control of the company.
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  • Spring '14
  • Byrd, L-3 Communications Holdings Inc.

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