Assessment task 1 Feb.docx - BSB60915 ADVANCED DIPLOMA OF...

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BSB60915 ADVANCED DIPLOMA OF MANAGEMENT (HUMAN RESOURCES) ASSESSMENT TASK 1 STUDENT: LAURA NATALIA ZUNIGA RODRIGUEZ ID: 17641 TRAINER: THANVIRUL CHOWDHURY
ASSESSMENT TASK ONE Short answer questions Instructions 1. Give three (3) examples of risks that should be considered in developing and implementing strategic plans. • Regulatory or legislative changes: Legal instructions that may affect the business development • Damage to reputation or brand: Customer feedback or defamation through social media • Business interruption: bankruptcy or any fortuitous events that can impact the business 2. Give two (2) examples of risk management strategies that can be used when developing and implementing strategic plans. • A training program will help to staff development and increase the knowledge level making sure everyone has strategic and similar skills • A company communication strategy to maintain a clear communication keeping the organizational practices, employees informed and prepared to avoid errors. 3. Give an example of a risk management strategy that can be used to manage intellectual property risks inherent in strategic planning. (in 30 – 40 words) Developing an intellectual property strategy: Having clear guidelines on how to manage the company intellectual property will prepare to all the employees to handle properly the company information and realized what will be the actions taken when they are not acting according to this policies.

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