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Risk Assessment Report for Trading.com

   

Added on  2022-11-23

10 Pages2453 Words215 Views
Mechanical Engineering
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Running head: RISK ASESSMENT REPORT
RISK ASESSMENT REPORT
Name of the Student
Name of the University
Author Note
Risk Assessment Report for Trading.com_1

1RISK ASESSMENT REPORT
Introduction:
The control of any organization depends on its organizational structure and the work
culture that is maintained in the organization. The organizational culture and the best practices
maintained in any organization makes the difference between success and failure. The best
practices thus not only allows the company to grow but at the same time also reduces its chances
of failure by reducing the amount of risks. The culture of any organization should not be
overlooked or undermined since these form the pillars of the organization and determine the
growth of the company. This essay will assess the risk of a fictional organization and thereby
determine the amount of risk that this company is exposed to and identify the factors that
determine the risk of the company (Power et al., 2013). For analysing the risk of the company, a
Risk Assessment tool has been used which allows us to calculate the amount of risk of any
organisation by allotting certain values to it and thereby determine the risk exposure of the
organisation. The Risk Assessment tool analyses the various risks associated with the
organisational culture, the attributes of the growth and the rates them depending on their amount
of concern to analyse the risk. The essay has also made recommendations based on the degree of
risk that the organisation is exposed to.
Risk Assessment
The risk of an organisation is the potential of loss that any company or organisation is
exposed to. This potential of loss can be depended upon various pressure points and the
performance of these pressure points determines the amount of risk any company is exposed to.
The various pressure points that can affect the performance of any company can be dependent
Risk Assessment Report for Trading.com_2

2RISK ASESSMENT REPORT
upon the most important aspects of the organisational culture, the management or operational
functioning, and the management of information within the organisation. It is therefore
immensely important to assess the risks that are associated with these attributes and evaluate
them in order to understand the risk exposure of the company. Through the course of the report
we will assess the risk of a fictional company which is named as Trading.com. The various
attributes will be marked involve the pressure points for growth, the pressure points of the
culture and the pressure of the information management. Based on these three major attributes
the level of risk would be calculated through the risk exposure tool attached in the appendix. The
risk calculator will involve calculation of the various attributes of the pressure points and will
determine the level of risk on the basis of pressure for performance, the number of in
experienced employees and the rate of expansion of the company which will be included in the
pressure for growth. The pressure points of culture will be evaluated on the basis of rewards that
are awarded for risk taking, the resistance to bad or demotivating news and the level of internal
competition existent within the country. The Pressure points for the Information management
will be evaluated on the basis of the transaction complexity prevalent within the company, the
velocity and the decentralized decision making procedures, and the gaps in diagnostic
performance of the company (Beske and Seuring, 2014).
Discussion:
An overview of the Organisation:
Trading.com is an organisation that is involved in the service industry and deals with
share investment courses and share mentoring services to the layman. The company believes that
with the right amount of information and knowledge coupled with positive mindset, a common
Risk Assessment Report for Trading.com_3

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