Potential Risks Involved | Assignment help

Every program has risks associated with it. This week, I want you to review your idea and provide a risk analysis. What are the potential risks involved with this program, and what processes can be put in place to manage these risks? One specific risk that I want you to discuss is related to cultural differences. Please assume that your company is a multinational corporation…will this program work in all areas of the business? If not, how can it be adapted for the other country/countries involved?

Model Answer

Risk analysis and management is a process that most organizations embrace to facilitate secure operations within the firm. Every new strategy introduced into a business has the potential to cause risks. These risks require effective handling to ensure that the risks do not bring negative consequences to the firm. Every potential risk requires a unique approach to handle it. Flexibility in the solutions required to manage risks is highly required so that they can offer an effective risk management approach. Culture related risks, especially in motivation programs, tend to xxx an organization’s performance. For instance, xxx influence in the xxx of incentives may xxx a great risk that xxx cause disorientation of xxx workplace’s beliefs. Developing a xxx assessment approach will be xxx effective risk analysis xxx management approach that xxx boost the success xxx the motivation program has on an organization.   

Review of the Program             Motivation in an organization xxx, in most cases, xxx good results on a xxx productivity and efficiency. Various approaches that xxx manager can use xxx gain the loyalty of xxx workers include authority and economic rewards, recreation programs, high wages, job security, good working conditions, subsidized education…