This report addresses the diminishing profitability of Australian Engineering Works Private Limited (AEW), an original equipment manufacturer specializing in plastic moulding parts for the telecommunication industry. The report identifies the root causes of AEW's challenges, including increased competition, employee turnover, and ineffective marketing strategies, using tools like Pareto diagrams, Fishbone diagrams, histograms, control charts, scatter diagrams, check sheets, and the 5 Whys technique. A risk management plan is presented, incorporating a risk register, qualitative and quantitative risk analysis, risk response strategies, implementation plans, and monitoring processes. The report also explores appropriate leadership styles to facilitate change within the organization, aiming to restore AEW's competitive edge and profitability.
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