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Jit2 Task

In: Business and Management

Submitted By skelter2013
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JIT2 Task (A)
Risk Management Register: Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* | Macroeconomics Risks | Economic downturn could pose risk to sales development. | Accounting Team/Sales Team | Poor economy, not enough jobs, people not purchasing as much | High | High | Low | Consumer Demand Risks | Not being able to respond to consumer wants/demands quickly enough, leading to short-term revenue loss | Marketing Team | Consumer interests change, other companies offer newer/better product | Medium | Medium | Medium | Industry Consolidation Risks (bargaining power) | Decreased bargaining power, price wars, inflated discounts, limited space within retailers | Sourcing, Pricing, Marketing and General Counsel Legal Teams | Market consolidation and strategic alliances | High | Medium | Medium | Political and Regulatory Risks | Trade policies | Government Relations Team/General Counsel Legal Team | Restrictions on importing and tariffs that disrupt free flow of goods | Medium | Medium | Low | Legal Risks | Patents and third-party trademark infringement- must be careful not to raise concern for risk when creating and marketing new products | General Counsel Legal Team | Many competitors in same business marketing similar products | Low | Medium | High | Product Counterfeiting and Imitation Risks | Other vendors stealing logos and designs and portraying their imitation products as original | Product Branding Team/General Counsel Legal Team | Brand and design theft | High | Low | Medium | Social and Environmental Risks | The company’s responsibilities to their employees, vendors and the environment in which they provide | Operations and Regulatory Teams | Safety/Prevention | Low | Low | High | Natural Risks (Natural Disasters, Epidemics, Accidents) | Natural disasters (tornado, flood,...

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