Risk Management: Session Four – Case Study (Part One) Task One: Risk One
Risk Management: Session Four – Case Study (Part One) Task One: Risk One
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Question 1 of 8
1. Question
Identify one risk for General Motors’ plan.
Risk Area:
- Legal
- Regulatory
- Marketplace
- Financial
- Operating
- Other: _______________________________
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Question 2 of 8
2. Question
Possible Tangible Effects (such as money, time, and resources):
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Question 3 of 8
3. Question
Possible Intangible Effects (such as morale and reputation):
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Question 4 of 8
4. Question
Impact: (Select one)
- Low
- Medium
- High
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Question 5 of 8
5. Question
Likelihood: (Select one)
- Unlikely
- Neutral
- Likely
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Question 6 of 8
6. Question
When might this occur?
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Question 7 of 8
7. Question
How long could it last?
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Question 8 of 8
8. Question
What other risks could result?
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Task One: Risk One – Possible Answer
Identify one risk for General Motors’ plan. The marketplace is beginning to ask for hybrid vehicles but these products are not included in our lineup.
Risk Area: Marketplace
Possible Tangible Effects (such as money, time, and resources): Loss of market share, reduced profit
Possible Intangible Effects (such as morale and reputation): Could affect GM’s reputation as a cutting-edge auto manufacturer and industry leader
Impact: Medium
Likelihood: Likely
When might this occur? Rival automakers have their product launch scheduled for Q3 next year.
How long could it last? These vehicles will likely be slow to catch on but will quickly rise in popularity.
What other risks could result? If we are required to start manufacturing these new vehicles, we will face significant challenges in worker knowledge, manufacturing equipment, and product sourcing.
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