I’m studying for my Management class and need an explanation.
The business is starbucks.
- Identify a minimum of 5 key risk areas such as finance, security, etc. for the business and list at least 2 types of risks in each area. At least one type of risk should involve a global issue.
Create a table, similar to some examples in the textbook or PPTs, to present the following information for the 10 risks. At a minimum include the following.
- Potential Mitigation (how can the risk be reduced)
- Risk Owner (Select appropriate department)
*Define measurement scale (1 to 5) or (Rare to Frequent). Present this information separately from the completed table or as a note on the same page.
2. From one of the risk areas, identify one important problem the organization
faces. Use one of the Root Cause Analysis tools (5 Whys, Force Field, Fishbone, etc) to present
problem and a potential solution.