RISK MANAG
JIT2 Task A Risk Management Serena.docx

The conditions could cause product shortages

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postpone spending. The conditions could cause product shortages, disrupting the global supply chain if suppliers in affected regions become insolvent. Unstable politics resulting in wars and change of regulations to unfavorable conditions in several countries and regions raise the cost of operations. These may bring the company to liability. Given the prevailing unsteady geopolitical conditions and the financial crunch, the likelihood of this risk occurring is high. It would have a medium impact on the company, since being global, every place cannot be affected the same way. Some regions would remain in business if others are affected. This risk is not easy to control because it is outside the influence of the group company. They cannot control how governments and regional politics play out therefore controllability is low. As a risk response, the company should seek to spread its sources of revenue across the different regions. This will help them to harvest profit from many sources in many countries so that they do not depend on any one country or region. Discussion of Risks 2. Competitive Risk The Tyndall group is based in telecommunications industry, particularly in the development of PC and mobile gadgets. This industry is extremely competitive, with few players, constantly evolving consumer changes and competitive innovation that produces new advances in hardware, software and their utility. Failing to match up to this competition could see the company lose its niche in the market, as well as revenue and its competitiveness. The source of the risk is competitors who are aggressive in coming up with innovations, and setting
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RISK REGISTER 4 competitive prices and products in the market. The risk has a high likelihood of occurrence given the quick rate at which innovativeness is pouring into the market, which influence the taste of consumers and the available technology for them to choose from. Failure to respond to the competition and innovativeness would have a high impact on the wellbeing of Tyndall because consumers can easily get substitute products or what meets their needs from competitors. The controllability of this risk is medium: the company cannot control the innovativeness that competitors bring into the market. They can only can try their best to anticipate the new trends in the market and incorporate them into their production. The response to this risk is to keep a close eye on consumers through research in order to anticipate their preferences and their evolution. The company should continually review what competitors are doing so that they anticipate the direction of the market. They should also research and innovate to maintain or raise the competition bar and challenge competitors.
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  • Summer '14
  • Tyndall, Tyndall Telecom

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