Discussion:
Identifying and Mitigating Risks
Select an organization and prepare a one-page table of organizational risks and mitigants for presentation to its senior managers. The risks you identify can be conventional non-TBL risks, such as the adoption of a new technology or an increase in competitors, TBL risks as explained in this module, or a combination of the above two broad categories of risk.
1. Identify the primary risks facing an organization you selected in a previous assignment or for a new organization. You might want to list these risks according to their economic theory category (macroeconomic, mesoeconomic and microeconomic) for better organization of your ideas, but this formatting tip is merely a suggestion.
2. For each risk, identify mitigating factor(s) based on the organization's strengths and competitive advantages, or based on developments in its internal and/or external environments. Then, using your research and the guidelines in Theme 4, describe how the organization can mitigate those risks?if indeed it can.
3. Make your risks and their corresponding mitigants SMART?specific, measurable, achievable, relevant, and timely.
4. Complete this assignment in a tabular format on one page only. References can be placed on a separate page.