How do we mitigate-manage our risks

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Reference no: EM132126715

Answers these questions: Imagine you're assessing a local suburban Pizzeria

Growth Risk Assessment

1. Why should we grow

2. How will we grow

3. How much should we grow

4. How much growth can we afford

5. Do we have enough (and the right kind-skills and talent) people

6. Do our hiring and training processes position us to grow successfully (do we have these processes?)

7. Do we have adequate controls?

Financial

Operational/Quality

Risk Management

8. Because there will be risks…how will growth create risks to our

–Culture

–Customer Service/Experience

–Supply Chain-materials sourcing, pricing, and supply chain partners

–Cash flow

–Distribution and delivery

–Financial “cushion”

10. How do we mitigate/manage our risks

11. Do we have sufficient operational insight/data to understand and manage when/where risk occurs

12. Who can help us understand, measure and monitor our risks

13. Do we need to grow at a gradual pace?

Reference no: EM132126715

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