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The following are some examples of potential risks for a Bank. You are an expert in risk management and was employed by the Bank's top management to provide mitigation strategies and/or plans to reduce the impact of loss.
For each case, you may have various options, provide three mitigation plans per case.
1. Resignation of the key person in the company.
2. Inability of the outsourcing provider for armored vehicles to deploy its trucks due to a strike of its employees.
3. Entrance of a strong competitor Bank that may decrease Income and market share. One Bank Teller in the Branch incurs frequent discrepancies in her cash accountabilities, booked to Cash Overages/Shortages while his supervisors are investigating the cause of the discrepancy.
4. Natural calamities like flood, storm and earthquake, in general.
5. The Main frame computer and back-up storage were destroyed by fire because they are installed in the same building.
Which industries are especially prone to a stakeholders' view?
Provide a detailed analysis of the company in the case using tools and concepts of strategic management. Provide a Company Analysis
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One of the feel outs of globalization has been the outsourcing of work from one employer to another, and sometimes from one country to another.
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