21 Risks -- uncontrolled and controlled Flashcards
1
Q
Uncontrolled: 12 risks
A
- new entrant in the market, particularly a market disruptor
- price war as a competitive response initiated by a competitor
- new government regulations, congress goes after your industry
- manageability of different regions, costs, or workforce needs
- tariffs, coming and going, shifting suppliers
- supply chain inconsistencies, bankruptcy of suppliers
- increased fuel or commodity prices
- currency shifts
- geopolitical events
- workforce gaps, not enough skilled workers, higher wages because of low unemployment
- population shifts
- environmental disasters
2
Q
Controlled: 9 risks
A
- salesforce risks, shifting product priorities based on commission, capping commission
- systems risks, particularly during a merger or conversion
- inventory risks, too much or too little on hand, changing needs, storage, tied up capital
- public image after a crisis or an endorser’s mishaps
- other revenue streams collapsing
- cannibalization
- losing brand loyalty and consumer trust
- lower product quality because of cost cuts
- workforce turnover