Assignment – Manage risk -Instructions
Using the CA City Retail Group scenario provided or your own workplace, answer all questions that follow. There is a requirement to produce a Risk Management plan, as evidence.
Scenario
You are Esther Smithers, Managing Director for CA City Department Store part of the CA City Retail Group. Your job involves assessing the Store performance as a part of the Retail group. In particular you work with the risk management for the store and raise issues that could impact on the CA City Retail Group. After a recent internal audit you are aware of issues impacting on the Store and Retail Group.
Important: There are currently no specific Policies and Procedures or Business Plan for the Department Store. The existing procedures and plans belong to the CA City Retail Group and used throughout the whole organisation. This has been recognised as a problem for the Department Store. These generic plans may not be effective enough.
As a result, the Strategic Directions and a SWOT analysis documents have been recently complied for the Department Store. These are outlined in Appendix 1. CEO Report on Internal Review - Key Points of the Review
The CEO of the CA City Retail Group – Edward Shands has received the results of an internal review across the entire organisation. He has provided an overview of key points relating to the Department Store from and minutes of a recent executive meeting in response to the review findings.
Economic - New product range:
The Department Store has been developing a range of goods exclusive to CA City Retail Group, the first range in development is men’s wear, branded CADS.
The team working on this have identified a lack of skill and concerns regarding importing, trade arrangements including quarantine and import duty and customers. They are also untrained in the effects of foreign exchange rates.