BUS1001: Risk Review - Analysis of Risk Factors for 5G Innovation

This report provides a comprehensive risk review of a contemporary business innovation, specifically focusing on the implementation of 5G technology. It begins with an introduction outlining the importance of innovation and the structure of the report, which examines various risk factors from microeconomic and macroeconomic perspectives. The analysis delves into microeconomic factors, such as the impact of COVID-19 on business operations and the role of companies, suppliers, competitors, and customers. Macroeconomic factors, including demographic and technological environments, are also assessed. The report further explores political risks, security concerns, and environmental factors associated with 5G deployment. Social factors are also considered. The report uses General Motors as a case study to exemplify the discussed risk factors. The conclusion summarizes key findings and emphasizes the importance of considering these risks. The report incorporates references to provide context.

Risk Review: A research
informed analysis of risk
factors for a contemporary
business innovation.

Contents
Introduction................................................................................................................................3
Main Body..................................................................................................................................3
Microeconomics factors..........................................................................................................3
Macroeconomics factors.........................................................................................................4
Political risk............................................................................................................................5
Security...................................................................................................................................5
Environmental factors.............................................................................................................6
Social factors...........................................................................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................8

Introduction
Corporation is seen as an efficient planning and legal body, which may help to
develop a strong infrastructure that delivers new goods and services that can help attract
customers. Various companies in the UK, such micro, small, medium-sized and large
companies, have distinct traits and dimensions. This project will explore a number of kinds of
companies and various ownership structures, such as single traders, cooperative companies,
partnerships, companies, etc. This research examines several forms of structure and evaluates
how corporate structure might impact the productivity of businesses (Ferguson, 2017).
General Motors, also widely known to GM manufacturers, is taken into account for
this study. The firm is a US international company based in Detroit, Michigan, USA. It was
created 112 years ago by William C. Durant, Charles Stewart Mott and Frederic L. Smith in
1908 under the Automotive Industry category. In this study, various facets of the company's
operational function are highlighted that include its breadth and core functional staff.
Respective report is based in recent decision made in operational department of the chosen
firm regarding innovation in its technological field and using 5G technology (Grover and
Kar, 2017).
Main Body
Microeconomics factors
Without a doubt, COVID-19 has affected many of their habits in personal and
working life. In view of the fact that the illness and different limitations are dealt with once
daily. And some of the limitations become customs and some of them survive the pandemic,
since it is known that they are excellent customs. Many organisations have been led to turn
all non base workers on the premises into distant employees and to find new innovative ways
to keep everyone on site connected. Micro environment refers to the environment that is in
close touch with the firm and immediately impacts the everyday business. It consists of a
collection of forces or variables near to the business and which might affect the company's
performance and daily activities. Six micro-environment components are: companies,
suppliers, intermediaries in marketing, competitors, the public and customer sectors (Guo and
et. al., 2017).
The company: In order to build marketing strategies, the marketing management must
be able to include many groups in a company including Top Management, Finance,
Operations, Human Resource, Research and Development (R&D), Accounting, etc...

Marketing managers must engage closely with them to assist them decide on larger goals and
tactics. The marketing team takes over the lead and responsible for understanding consumer
requirements and producing client value for other departments such as production, finance,
law and human resources (Muhammad and et. al., 2017).
Suppliers: The providers are an integral element of the entire value delivery network
of a company. They offer company inputs like raw materials, components, tools, equipment
etc. They are the ones that supply. Providers are of great quality and dependability in order
for any corporation to run smoothly. The supplier availability and costs must be monitored by
marketing managers. In case of natural catastrophes or other occurrences, any supply shortfall
or delay might cause damage to short-term sales and cause long-term customer
dissatisfaction.
Competitors: Competent are competitors who also compete in the market and
resources organisation. In order to succeed, a firm must give a higher consumer satisfaction
and value than its rivals in accordance with the marketing idea. Marketers must not only
strive to adapt to the requirements and expectations of clients, but also aim, by placing their
products firmly on the market, to get a strategic edge over the rival.
Macroeconomics factors
The coronavirus has disrupted not just the workplace but also the working
environment of individuals and software businesses. Only a few months in this new working
environment and actual examples are already there of software companies that modify the
main components of their services, including design, customer support and features. The
screen sharing technology is almost 30 years old. While most systems allow a single person
to exhibit and share what is on display in real time, very few can function in a slaggy
environment such that multiple people work in the same way. The macro environment affects
the exterior limits of the organisation. Such aspects may be said to have a significant
influence on the firm and to increase the market share of the company. Using macro-
factoring, the organisation has changed fundamentally. This is the approach managed by
rivals and their market policy may be evaluated easily. In accordance with the price of the
service, Macro-environmental factors help the firm to decide the various pricing strategies of
the organisations (Puschmann, 2017).
Demographic environment: The population may be described as the study in size,
density, age, location, sex, race, occupation and other data of the human population. The
marketers are particularly interested in the demographic environment, because individuals are

the driving force for market development. Both possibilities and difficulties for companies
are provided by the wide and diverse population.
Economic environment: There are elements that impact consumer buying power and
expenditure habits in the economic environment. For example, before looking into citizen
spending trends, it is unwise for a firm to begin exporting its goods to a country. Importation
duties, unemployment, inflation, spending habits, and disposable personal income all contain
important economic parameters.
Technological environment: In the macro environment, technology has a decisive
impact. Before investment in marketing efforts, an organisation must carry out extensive
study on the spread and usage of technology. The firm has to evaluate the penetration of
technology and user interface technologies in the region and develop strategies for
communication and marketing appropriately (Qi and et. al., 2018).
Positive impact
The excellent findings of this macro environmental research are that the
organisational market is clearly defined and the firm is readily visible to the consumer.
Management can recognise competition in the market and have more control over operations.
The stakeholders of the firm may readily be identified to enhance capital management.
Management can analyse the overall performance of the firm by comparing it with the
performance of competitors.
Negative impact
The adverse effect of the macro-environment is that the management of macro-
environmental problems can decide correctly without examining them carefully. False
analysis might impact the full profit ratios of the organisation. Another impact is that
management cannot discover market competitors and may lose market share in the firm.
Political risk
These are elements that define the extent and impact of the government on the
economy of a country. Legislation, budgetary, monetary and other aspects of policy are all
part of the political environment that influences General Motors' operations. In addition,
several policy variables must be considered to improve the company's productivity. A major
element of foreign investment decision making has been a political risk assessment with a
portfolio analysis. In this study we try to evaluate the relevance and operability of 'good
governance' indicators in the evaluation of political risks using different methods of
knowledge discovery. In this respect, individual have combined data from the Political

Instability Task Force (PITF) study on good governance indicators with political instability
classification.
Security
The current telecommunications networks are normally divided into four logical
components: the radio access network, the core network, the transport network and the link
network. Each section of the network consists of three so-called aircraft, each responsible for
the transport of a distinct form of traffic, notably the control aircraft carrying the signal
traffic; the passenger aircraft carrying payload travel, and the administrative traffic
management plane. All three aircraft might be susceptible to specific sorts of risks in terms of
network security. There are also consistent dangers that can simultaneously impact all three
aircraft.
5G fundamentally differs from any other generation of mobile phones from the user
point of view. Machine communications provided by 5G are expected to become the strategic
differentiator and, in the long term, the distinctive sales point of 5G. 5G networks will act as
key infrastructures to allow machine, robotics and transport solutions, etc digitisation,
automation and connection. This means that there is considerable value and a substantially
varied risk tolerance. Ultimately, taking this wider approach brings us to encryption, a fact
widely discussed in public discussion. While an essential tool, end-to-end encryption is still
only one of the many tools needed to maintain system security. Not to be forgotten, 5G's
confidentiality not only stems from a set of technological security characteristics, but also
from the principles of system design, implementation and day-to-day network operations.
Environmental factors
The industry and its ability to function appropriately affect these elements. The
operational workings of the company involve energy, environmental concerns and many
more. According to Claire Curran, 2020, the fifth wireless technology generation is projected
to be widely deployed worldwide by 2020. The new network known as 5G promises to speed
up the use of more devices and provide a higher capacity. However, as corporations in
nations like the US and China compete to provide 5G to the customer, the consequences on
the environment of the new network are neglected. At a time when the ecosystem is very
sensitive, it is exceedingly hazardous for future generations to ignore these effects. With the
production of numerous component elements of the 5G infrastructure, the primary
environmental concerns connected with the installation of the 5G network emerge. Moreover,
there will be severe environmental repercussions for the spread of new devices using a 5G

network, connected to accelerating consumer demand for new 5G-dependent gadgets (Tu and
et. al., 2017).
A 5G network, which already is one of the primary contributors to climate change,
would surely result into a huge rise in consumption of energy. Furthermore, the production
and maintenance of new 5G-related techniques produces waste and utilises significant
resources that harm the environment. 5G networks utilise a technology that harms birds and,
in turn, cascades whole ecosystems. And while 5G engineers are trying to build a network
with a less impact on the environment than in prior nets, there is space for improvement, and
before it is widely implemented the repercussions of 5G should be addressed.
Social factors
Everything that happens in a society greatly affects the organisation. For social
environment research, study of social components is therefore essential. Demographic
conditions, for example, most impact successful work for a given firm. At this amazing
speed, 10 Tbp/s and one million nodes per km2 are combined with an enormous capacity for
data transmission. Moreover, the connection latency is projected to decrease from 50
milliseconds to only 1 millisecond. This means that 5G technology will enable
communication time to be reduced by a delay, the rate to be increased, mobile coverage to be
much improved and millions of devices linked at the same time. In fact, this is one of the
major elements in predicting that 5G technology goes well beyond the smartphone field
(Wang and et. al., 2017).
Conclusion
The assessment of the above-mentioned report concludes that innovation play an
essential function to better shape the company organization's operational operations. The
company managers employ the newest capability, this helps firm to excellence in its aims and
objectives and, via the achievement of sustainable aims, to market its products and services.
In the light of the present corporate environment, these technologies were very useful in
achieving numerous of the company's objectives.

References
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Online
What Will 5G Mean for the Environment, 2020? [Online]. Available through: <
https://jsis.washington.edu/news/what-will-5g-mean-for-the-environment/>