Risk Management: A Case Study on Property Millionaires

Running head: RISK MANAGEMENT
Risk Management
Name of the Student:
Name of the University:
Author Note:

RISK MANAGEMENT1
EXECUTIVE SUMMARY
The primary aim of the report is to discuss the concept of risk management. The same is
undertaken with the help of examining a case study based on the company of Property
Millionaires. The new risk assessment tool named Risk Exposure Calculator has been used in
the context of assessing the risk faced by the above-mentioned company. The report
examines the whereabouts of the company at the initial step. Hereafter, the report is
concentrated on investigating the different kinds of risks associated with growth, culture as
well as information management connected to Property Millionaires. By the examination
done on the different types of risk faced in the three mentioned concepts, the report came to a
finding that the company is at a cautious stage. The results showed that the mentoring and
investment services company of Property Millionaires is at a risk level of 27, which
determines the same be a cautious stage of risk.

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Table of Contents
Introduction................................................................................................................................3
Property Millionaires- Overview...............................................................................................3
Risks faced by the Organisation of Property Millionaires.........................................................4
Risk points due to Growth......................................................................................................4
Risk due to the pressure of growth.....................................................................................4
Risk due to the pressure of expansion................................................................................5
Risk due to the inexperience of employees........................................................................5
Pressure point due to culture..................................................................................................6
Risks due to rewards for entrepreneurial risk-taking.........................................................6
Risks due to executive resistance to bad news...................................................................6
Risk due to internal competition........................................................................................7
Pressure due to information management..............................................................................7
Transaction Complexity and Velocity...............................................................................7
Gaps in diagnostic performance.........................................................................................8
Degree of Decentralised Decision Making........................................................................8
Risk Assessment Result.............................................................................................................8
Conclusion..................................................................................................................................8
References................................................................................................................................10
Appendices...............................................................................................................................12
Appendix 1...........................................................................................................................12

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Introduction
Based on the thought process of Harris (2016), organizational success scenario is
majorly dependent on the condition in which the same manages the synergy of its risk
management. This is because, if the risks associated with the business entity is not managed,
the adverse effects caused by the same can impact the entire positivity working condition of
the organization (Sadgrove 2016). Considering to this condition, the senior level managers, as
well as the leaders of the organization, stands accountable to manage the risks and implement
the necessary changes along with finding the reasons that caused the risk (DeCenzo, Robbins
and Verhulst 2016). Managing the risks is determined to be a complex process, and thus a
risk management tool named Risk Exposure Calculator has been used by several firms at the
current time to determine the level of risks faced by them. Termed to this tool of risk
assessment, the given paper is based on assessing the risk level faced by the company named
Property Millionaires.
Property Millionaires- Overview
Property Millionaires is investigated as a business organization which deals in
offering the ordinary people with a wide range of seminars related to the real estate
investment as well as ongoing services concerned to mentoring. The company works with the
philosophy that any individual has the potential to become a millionaire if the same has the
right form of thought process, educational background as well as a support system. Thus, it
becomes highly pertinent in making a note that this belief and this thought process of the
concerned company has been determined to achieve a recognizable amount of success. As
stated by Kakabadse and Bank (2018), the aspect of growth does not come without
challenges to be faced by the business organization. The same was realized for the company
of Property Millionaires. Moreover, the different feelings about the aspect of growth