Risks And Rewards| Human Resource Management

    Risks And Rewards| Human Resource Management

    Read the material at the sites listed in the Week 4 Lessons

    https://www.mindtools.com/pages/article/newTMC_07.htm
    http://www.maxwideman.com/pmglossary/PMG_R05.htm#Risk%20and%20Contingency%20Management
    Risk terms explained here: http://iveybusinessjournal.com/publication/the-role-of-leadership-in-managing-risk/
    Complete a 2-4 page paper discussing the risks and rewards to your client as they relate to the management problem in the attached word docs.

    Submission Instructions: Upload the paper to your Week 4 Assignment folder.

    When reflecting on business risks for the identified solutions, here are some things to consider for your client:

    · · What changes of roles and responsibilities would be required with personnel changes?

    · · What is the succession plan?

    · · What new systems or skills will employees need to gain? What is the financial cost?

    · · What interdepartmental changes need to be made (manufacturing, sales, delivery, financial and IT)?

    · · Would communication barriers increase or decrease?

    · · How would the proposed solutions impact clients? Would it increase their engagement level?

    · · Would the changes impact the brand or reputation in the industry?

    While these are not all-inclusive questions, they can provide guidance and clarity when developing the Risk Assessment. Risk analysis should be completed for each proposed solution.

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