Homework: Risk and Reward Assessment
Instructions:
Read the material at the sites listed below to help guide you assess the risks and rewards related to the solution(s) to the management problem you are exploring. Complete a 2 to 4 pages 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 Homework folder.
When reflecting on business risks for the identified solutions, here are some things to consider for your client:
I. What changes of roles and responsibilities would be required with personnel changes?
II. What is the succession plan?
III. What new systems or skills will employees need to gain? What is the financial cost?
IV. What interdepartmental changes need to be made (manufacturing, sales, delivery, financial and IT)?
V. Would communication barriers increase or decrease?
VI. How would the proposed solutions impact clients? Would it increase their engagement level?
VII. Would the changes impact the brand or reputation in the industry?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.