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The Trading.com Company: Risk Assessment Report

   

Added on  2023-03-31

11 Pages2652 Words63 Views
Leadership Management
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The Trading.com Company 1
THE TRADING.COM COMPANY
by [Name]
Course
Professor’s Name
Institution
Location of Institution
Date
The Trading.com Company: Risk Assessment Report_1

The Trading.com Company 2
Introduction
The Trading.com is an organisation offering share investment courses as well as
mentoring services to ordinary people. The management seeks to help everyone willing to be a
successful share investor by instill the right mindset, support and also providing education to
willing individuals. The company was established by Jospe Drake, who has led this business to
tremendous growth since it was established. In regard, Trading.com has turned to be a medium
size business that employees more 100 staff. It has offices in Brisbane, Melbourne and Adelaide.
However, the organisations has been facing some challenges since it was established, the main
objective of this study is to come up with a risk assessment report on this company using the
Risk Exposure Calculator to address some issues (Picken, 2017 pp. 7-14)
Pressure due to growth
Pressure for performance
As an upcoming business, all stakeholders within this organisation are expected to
perform to their level best. This will make it easier for the management go achieve the
established goals as well as realize the goals within the stipulated time. The leadership was to
standout in the world market. However, the pressure for performance is too much for the
employees to handle. The leaderships set targets that are not practical and expected the
employees to achieve them within a specific time frame. For instance, the senior management
team set aggressive sales targets for the consultants, which cannot be practical. It is unfortunate
that the consultants are not part of the decisions making when the senior management team is
setting these targets. Moreover, the regions managers are not consulted yet they have important
information on what is happening on the ground. Effective measures should be established to
The Trading.com Company: Risk Assessment Report_2

The Trading.com Company 3
handle this problem because if things continue this way, the future of the Trading.com is at great
risk. It is important to be practical in the targets set for the consultants. Moreover, their input in
the decision making is necessary to keep from expecting too much from them than they are able
to offer. The leaderships have to look serious on this issue to avert any threat awaiting this
company in the future (Wang 2018, pp. 141-159).
Rate of expansion
It is the desire of every business to expand and grow such that it can have a good
command of customers and also stand in the world market. Any business that does not target on
growth and expansion it has future (Paul, Parthasarathy, and Gupta, 2017 pp. 327-342).
Therefore, Trading.com under the leadership of Jospe has been working hard to expand from its
current status. However, the strategy set forward to enhance growth matters. It has to be well
defined such that it will not have any negative impact to the organisation. For instance, there is a
problem on the effort put in place by the management of this organisation. The operation of the
organisation is expanding faster than its capacity to hire and induct new staffs. In regard, the
regional manager has resorted in lowering the employment standard for the company by hiring
new people that have not any experience in sales. They lack skills and competence that is
required by the management of this organisation so that it can be able to achieve the set goals
and realize its vision on time. This is risk because it can cause this company the loss of
customers since they will not get the satisfaction they need. It is a challenge that might collapse
this organisation due to stiff competition its likely to face on the growth.
Inexperience of key employees
The Trading.com Company: Risk Assessment Report_3

The Trading.com Company 4
Key employees in every organisation should be very experienced, skilled and with
technical knowhow required to handle their position so that they can take the business to the next
level of success. Hence, any organisations need to invest a lot of time in seeking the right
individuals who will fill those positions because they play a significant role in the failure and
success of the business (Scott, Goode, Salmon, and Senserrick, 2016 pp. 88-96) It is quite
unfortunate some of the key employees are inexperience and therefore they do not handle their
duties and responsibility as it is expected to take this organization to the next level of success.
Some of these employees hold very senior positions where they are involved in making
important decisions on how the affairs of the company should be handled. For instance there are
a lot of malpractices among the regional managers; they do not handle their duties in a way that
will help the organisation solve the problems that it is facing. They do not follow the
employment standards in hiring of new staff. In regard, they get the workers with no capacity to
handle their position, which is a great mistake in any organisation. People in such position of
leadership should make the due diligence in ensuring that they have the right staffs with the
necessary qualifications and skills in their area of specialization. Hence, the regional manager do
not deserve those positions do not deserve those position and should be demoted for the success
of this organisation (Crichton, Margaret, and Rhona Flin 2017, pp. 201-238)
Pressure due to culture
Reward for entrepreneurial risk taking
Providing rewards to the employees and rest of stakeholders is paramount since it
motivates them to put more effort in discharging their duties. Besides, it helps in a positive
competition that leads to growth and development in the organisation. The employees are
The Trading.com Company: Risk Assessment Report_4

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