Risk Management in EE Limited, AstraZeneca and Royal Bank of Scotland

Risk management
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Table of Contents
Introduction ....................................................................................................................................3
EE limited...................................................................................................................................3
AstraZeneca................................................................................................................................3
Royal Bank of Scotland..............................................................................................................3
Risk assessment and identification .................................................................................................4
Assessment of risks.....................................................................................................................4
Classification of risks..................................................................................................................6
Responses to assessed risks ............................................................................................................7
Mitigation of risks.......................................................................................................................7
Practices to measure business risks ............................................................................................8
Risk communication .......................................................................................................................9
Conclusion ....................................................................................................................................11
References.....................................................................................................................................12
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Introduction
Risk management is associated with the process of identification and assessment of risks
in order to make plans for controlling these risks. Risks can be arised form a range of factors in
an organisation which includes uncertainties regarding finance and other legal and technical
issues as well as other nature of risks (Greuning and Brajovic-Bratanovic, 2022). In this report,
the concept of risk management is discussed and explained in context to three organisations; EE
limited, AstraZeneca and Royal Bank of Scotland. This report includes the details on how the
three organisations assess risks and take initiatives to control and manage these risks. In this
report, the discussion regarding approaches adopted by these companies for the purpose of risk
management will take place.
Overview of companies
EE limited
EE, the formal name of which is everything everywhere, is a British based mobile
network operator which is a subsidiary of the BT group and is also a internet services provider.
The telecommunication organisation was founded in 2010 and is the second largest mobile
network operator headquartered in London, United Kingdom.
AstraZeneca
AstraZeneca is a British-Swedish pharmaceutical public limited company which is
headquartered in Cambridge, united kingdom. The company was established in 1999 and is a
prominent biotechnology company. The company was formulated through merger of the Britain
based Zeneca group and Sweden based Astra AB.
Royal Bank of Scotland
RBS is a prominent banking retail and commercial bank headquartered in Edinburgh
Scotland, United Kingdom. The bank majorly operates in Scotland with its locations of almost
700 branches along with various branches in major cities within England as well as Wales. The
organisation is a subsidiary of NatWest Holdings and it was founded in the year 1727 dealing in
providing financial services such as consumer banking as well as corporate banking and
insurance to a number of clients.
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Risk assessment and identification
Assessment of risks
EE Limited
 High competition in the telecommunication market: The telecom industry is full of
potential rivals and the organisation face disruption in its operations by a range of
activities promoted by existing mobile network operators to consolidate their position in
the market.
 Interruptions in telecom networks and infrastructure: The operations of the
organisation highly relies upon the stable connections and high networking. To operate in
a competitive environment and being a internet service provider, the disruptions in IT
infrastructure is a critical risk factor for the enterprise (Fell and Hartford, 2018). IT
operations are very prone and vulnerable to attacks which makes it a constant threat for
the company as it could leads to loss of sensitive data and information of customers. The
failure in supply chain leads to high costs and impact upon services of customer and ruins
reputation.
 The influence of regulatory bodies: The company has to ensure compliance with
standards and requirements of its regulatory bodies which are associated with telecom
sector in UK. The company is influenced by any decisions taken by these regulars as it
seriously impacts upon the operations of the organisation.
 Issues regrading spectrum: Telecom industry highly relies upon spectrum as it is the
lifeblood of the operators engaged in telecommunication services. Spectrum refers to a
range of electromagnetic waves and telecom spectrum is related to frequencies which are
required for the transmission of sound as well as data across various geographical
boundaries to cell phones (Araz and et.al., 2020). The organisation obtains correct level
of spectrum with the assistance of spectrum auctions. The company's failure to acquire
proper spectrum needs could leads to major disruptions in its operations.
 Privacy and security concerns: The company deals in customer telecom and internet
providing services and has access to a large number of confidential data of customers and
protecting their privacy is a constant concern of organisation.
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