Risk and Crisis Management for KFC: Strategies to Mitigate Supply Chain Failure, Loss of Key Staff, and Cyber Attacks

Running head: RISK AND CRISIS MANAGEMENT
RISK AND CRISIS MANAGEMENT
Name of the Student
Name of the University
Author Note:

1RISK AND CRISIS MANAGEMENT
Table of Contents
Introduction..........................................................................................................................
Discussion............................................................................................................................
Risk Analysis Table.........................................................................................................
Identification of Risk.......................................................................................................
Supply chain failure.........................................................................................................
Type of Risk and Impact on Business.........................................................................
Strategy and method of control business.....................................................................
Timeframe of Strategy.................................................................................................
Stakeholder responsible for each part..........................................................................
Resource required for mitigating the risk....................................................................
Future action for checking and updating risk..............................................................
Action plan...................................................................................................................
Impact on business.......................................................................................................
Loss of key staff...............................................................................................................
Type of Risk and Impact on Business.........................................................................
Strategy and method of control business.....................................................................
Timeframe of Strategy.................................................................................................
Stakeholder responsible for each part..........................................................................
Resource required for mitigating the risk....................................................................
Future action for checking and updating risk..............................................................
Action plan...................................................................................................................
Impact on business.......................................................................................................
Cyber Attack..................................................................................................................
Type of Risk and Impact on Business.......................................................................
Strategy and method of control business...................................................................
Timeframe of Strategy...............................................................................................
Stakeholder responsible for each part........................................................................
Resource required for mitigating the risk..................................................................
Future action for checking and updating risk............................................................
Action plan.................................................................................................................
Impact on business.....................................................................................................
Conclusion.........................................................................................................................
References..........................................................................................................................

2RISK AND CRISIS MANAGEMENT
Introduction
KFC is considered to be considered as one of world-famous chain of fast food
restaurant. In the year 1952, it was founded by Colonel Harland Sanders (Richards &
Aldgate, 2018). KFC stands for Kentucky Fried Chicken. The head quarter of this
organization is located in Kentucky United States. This particular store aims to sell salad,
chicken pieces and wraps but their food is considered to be fried chicken.
In the coming pages of the report, an idea has been provided regarding the various
type of risk in KFC has been discussed in details. After that the risk type and its level has
been discussed in details.
Discussion
Risk Analysis Table
Risk
category
Risk type
(Human,
physical,
environmental,
financial etc.)
Stakeholders
affected
Likelihood
rating
(A,B,C,D,E)
Consequences
rating
(1,2,3,4,5)
Risk control
methods
(elimination,
substitution,
engineering,
administration,
process/
equipment)
External economical Internal
stakeholders
A- high 4-higher administration
External political Internal and C-medium 3-medium administration

3RISK AND CRISIS MANAGEMENT
external
stakeholders
External natural Internal and
external
stakeholders
E-low 5-
catastrophic
engineering
Identification of Risk
The three biggest risk which can be encountered in KFC are Supply chain failure,
Loss of key Staff and lastly cyber-attack.
Supply chain failure
Type of Risk and Impact on Business
Type of
Risk
Likelihoo
d
Impact on Business
Failure of
Supply
Chain
High Unreliable inputs: Effective supply chain mainly ensure the fact
that the raw materials arrive on time (Smith, 2016). A poorly
managed supply chain can easily bring halt to production.
Without any kind of proper delivery inputs, the assembly line of
the organization can easily dormant. In this scenario, the
employee does not any kind of work for performing which can
easily leave the organization to satisfy the time-sensitive orders.