Risk Management Report for NatureCare Products

Task 1
Risk management report
BSBRSK501 Risk Management Report template Oct 15 1 / 6

TABLE OF CONTENTS
TASK 1.................................................................................................................................................. 1
Introduction........................................................................................................................................ 1
Pestle Analysis................................................................................................................................... 1
Internal and External Stakeholders.................................................................................................... 2
Strengths and Weaknesses............................................................................................................... 2
Critical Success Factors..................................................................................................................... 3
EMAIL TO CEO..................................................................................................................................... 3
REFERENCES...................................................................................................................................... 4
BSBRSK501 Risk Management Report template Oct 15 2 / 6

TASK 1
Introduction
Nature care is the established organization from year 1996 which produces the skin
care products which are sustainable and eco-friendly. It produces broad varietal products like
moisturizing creams, facial scrubs and cleansing creams. At present, organization is
financially stable, but it has been extracted that its competitors are selling the similar sort of
products within market. Its main purpose is to offer guidance and information related to risk
management. The implication of policy to all employees of NaturalCare product and it is
extended for every future and current activities along with innovative opportunities Johnson,
(2018). The principles of risk management are commitment for implementing risk
management in effective basis, training and development of knowledge in this field.
Pestle Analysis
Political
 Government is committed for sustainability of the organization and environment.
 Current innovative polls indicate other win of Liberal government encourage for
future investment of nature care. Abioye et.al., (2019)
Economical
 Australia has presence of large natural resources and encourages foreign investment.
 Exchange rate
Social
 These factors lay focus on societal technical trends as this modern society is in skin
care eco-friendly products for maintaining the skin with best hygiene.
 With context to skin care, natural products lead to high demand as compared other
skin care products in the market.
Technological
 Technology is basic mode among customers and company which creates ease for
accessing all innovative products with upgraded information.
 Organization’s website is easily accessible by everyone and it strives for updating
without defects and errors.
Legal
 Product safety within Australia is governed through Australian Consumer Law and is
comprised of schedule to Competition and consumer Act (2010)
Environmental
BSBRSK501 Risk Management Report template Oct 15 1 / 6