Implementing Risk Management Plan

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Running head: BUSINESS MANAGEMENT
Implementing Risk Management Plan
Name
Institution
Author’s Note

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BUSINESS MANAGEMENT
RISK MANAGEMENT PLAN FOR APPLE COMPANY
Introduction
Apple Company is one of the major companies that are recognised universally due to the
quality services and product that they have been able to offer their customers. Moreover, Apple
is an organisation that has actively invested in the manufacture of quality products that are
unique from the rest of the products that are found within the market platform. At the same time,
what is always exciting about Apple products is that they are still genuine and designed to serve
the customers for more extended periods without developing any complications (Chamberlain,
Rhinehart, Shaefer & Neuman, 2016). Despite this level of an excellent reputation built by
Apple, it is still facing quite some risks that tend to pull back most of the operations that are
associated with the organisation. Due to this, it is of much importance for the top management
officials of the organisation to appropriately implement an appropriate risk management plan that
will enable them to eradicate the emergence of these adverse outcomes.
Risk Management plan
Stakeholder analysis
To overcome quite some risks during various operations within an organisation, there is
the need to appropriately choose the stakeholders who will ensure that most of the goals that are
attached to the organisation are met within a short period. Apple being a reputable organisation,
one of its major stakeholders is the employees. The employees play a crucial role in ensuring that
the organisation moves in the right direction. At the same time, they act as the internal

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BUSINESS MANAGEMENT
stakeholders for the organisation where they are in charge of quite some activities within the
boundaries of the organisation. Moreover, the customers who are known to be situated in various
parts of the world are also another category of stakeholders within Apple Company (McCarron et
al ., 2016). They are generally termed as the recipients of various goods and services that are
attached to the entire Apple Company. To ensure that there is an appropriate eradication of
multiple risks that are associated with performance, the top management team of Apple
Company should be able to give the stakeholders a priority for them to carry out their respective
duties within the organisation.
Analysis of the Risk Context
For Apple to overcome quite some risks in their operation paths, there is the need to
come on board and be able to analyse the entire risk context. This will ensure that there is an
adequate understanding of the type of risks the organisation is encountering. Aforementioned,
Apple is facing some quite some threats that have led to various goals not being achieved within
the stipulated time frame (Hartmann & Spit, 2016). One negative thing about the dangers is that
they have the capability of affecting the entire organisation both at the local, regional and even
international levels. At times, these risks may go as far as tarnishing the organisation's reputation
thus scaling down their performances in various market platforms. The top management team
has not yet taken a keen interest in how all these emerging risks can always be controlled to
obtain adequate operation strategies.
Implementation of critical success factors
To overcome quite some risks, the entire Apple organisation should be able to adequately
implement various strategies that are related to essential elements of success. Firstly, for the