Risk Assessment for Property Millionaire: Governance, Ethics and Sustainability

Running head: RISK ASSESSMENT
Governance, Ethics and Sustainability
Name of the Student:
Name of the University:
Author Note

RISK ASSESSMENT1
Contents
Introduction................................................................................................................................2
Goal of Risk Assessment.......................................................................................................2
Method...................................................................................................................................2
Discussion..............................................................................................................................3
a. Growth related pressure point.........................................................................................3
Performance pressure.............................................................................................................3
Level of expansion.................................................................................................................3
Inefficiency of the employees................................................................................................4
b. Cultural pressure point........................................................................................................4
Entrepreneurial risk-taking aspect..........................................................................................4
Resistance to bad news of the employees..............................................................................4
Rate of internal competition...................................................................................................5
c. Information management pressure points...........................................................................5
Complexity and velocity in transaction process.....................................................................5
Diagnostic performance gaps.................................................................................................6
Power of Decentralised decision............................................................................................6
Conclusion..................................................................................................................................6
Recommendation........................................................................................................................8
References................................................................................................................................10

RISK ASSESSMENT2
Introduction
Property Millionaire, a mid-sized firm established by one of the leading real estate
developers, George Kirzner provides mentoring services. The company has its operational
branches across different locations such as Sydney, Adelaide, Brisbane and Melbourne. The
company is trying its best to improve the sales process through proper training and thus this is
considered to enhance the operational skills of the employees. This report will highlight the
risks faced by property Millionaire in the operation of its current business.
Goal of Risk Assessment
The risk assessment plan aims to identify the risks as well as evaluate the potential
impact of these risks. The development of a risk mitigation plan will try to eliminate the role
of risks and thus will lay a negative effect on the project (Firsova and Vaghely 2016).
Therefore, it is necessary to identify the different types of the problem prior to its occurrence
so that it will be easier to manage the risk handling activities accordingly in order to fulfil the
objectives of the business.

RISK ASSESSMENT3
Method
The risk valuation calculator highlights the diverse pressure points that are prevalent
in every organisation. This includes the increased level of risk, the rate of operational
expansion as well as the level of in-house competition. It is the responsibility of the
employees in the organisation to determine the level of risks of the company and thus classify
it in the safety, danger or the caution zone. This will make it easier to align with the
organizational strategies and goals in the future. It has been found that the managers of a
particular organisation will be involved in the risk exposure of the company and thus they are
held liable to calculate the risks (Simons 1999). Thus, it is important to identify the different
pressure points related to risks in the organisation. This report will carry out a detailed
analysis of Simon’s risk assessment calculator in relation to Property Millionaire.
Discussion
a. Growth related pressure point
Performance pressure
It has been found that the current organizational level is competitive and there is a
growing pressure on the employees to perform the best for the development and the growth
of the organization. There is a gradual increase in the revenue as well as the sales of Property
Millionaire over the past few years. However, there has been the development of a complex
scenario in the organisation although the employees have tried their best to perform
according to the existing organizational capability (Strelnik et al. 2015). It should be checked
that the employees have sufficient skills to fulfil the demands of the potential clients of
Property Millionaire. Depending on the rating scale of the risk calculator, Property
Millionaire can be marked with 1 point score as there is no such higher risk present in the
organisation so as to fulfil the market demand. The new employees who are recruited in the