Description
Provide a real case study or a true story about a company that faced either moral risks, economic risks or civil liability risks, and how it was able to deal with these risks?
Case study 2
A tech startup plans to launch a new product that is revolutionary in
the market. However, the company faces many challenges and
potential risks. Provide a strategic risk management plan to this
company that includes SWOT analysis, types of risks, methods of
assessment, management and remedial procedures, by answering the
following questions:
1. What strengths , weaknesses, opportunities and threats may a
new product face? (2 marks)
2. Based on the SWOT analysis, what are the potential strategic
risks that can affect the success of the product? (2 marks)
3. How can these risks be classified in terms of impact and
probability? (1 marks)
4. What actions can be taken to minimize the impact of these
risks? (1 marks)
5. Can any of these risks be transferred to a third party? (2 marks)
6. What strategies can be adopted to deal with unavoidable risks?
(2 marks)
Instructions:
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1
Students must work individually to complete the case study.
Send an electronic copy only by Moodle.
Please fill out the cover sheet and attach it before applying.
The stolen case study will be given 0 marks.
If the case study is delayed, deduct marks.
2
CLOs
PLOs
Question
1.3
S2, S3
Case study
/10
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