Management 1 Module: Comprehensive Risk Assessment of Bounce Fitness

This case study analyzes the risk management practices of Bounce Fitness, a fitness center organization. The assignment begins with a summary of the organization, detailing its activities, objectives (including quality training, team expansion, and risk management), and existing risk management procedures. It then delves into the principles of risk management, emphasizing value creation, integration with organizational processes, decision-making, and human factors. The case study identifies both internal (employees, managers, owners) and external stakeholders (customers, suppliers, government) and explores external factors like political, economic, social, legal, and technological influences. The recommended scope for risk management focuses on qualitative risk analysis and overall risk management. The assignment includes an observation with role-play, presenting an agenda and summary of the risk management report, which covers activities, objectives, stakeholders, and external factors. Relevant stakeholders are represented in a role-play, and a consultation session with a risk manager is outlined, including a SWOT analysis and identification of critical success factors. The assignment identifies relevant risks (communication, growth, culture, and structure) and proposes risk treatment actions. The report provides a comprehensive view of the risk management process at Bounce Fitness.

Management 1
Manage Risk

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Contents
Assessment 1 Case Study..............................................................................................................3
Part A...........................................................................................................................................3
1. Summary of the organization.........................................................................................3
2. Management of risks Principles.....................................................................................4
3. Internal and external stakeholders................................................................................4
4. External factors related to the business operations.....................................................5
5. Recommended scope for Management of risks process..............................................6
Assessment 2 Observation with Role Play......................................................................................7
 Agenda and Summary of Management of risks report.........................................................7
 Represent the relevant stakeholders......................................................................................9
 Consultation session with risk manager...............................................................................9
 Management of risks Action Pan........................................................................................11
References......................................................................................................................................12

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Assessment 1 Case Study
1. Summary of the organization
 Main activities and procedures
The organization bounce Fitness works in the process of fitness centers. This
organization provides fitness and wellness in Australia. This organization makes brand
excellence in the market. The main activity of this organization is to create and implement
wellness programs (Wu, et al., 2014). The market need is one of the important processes for
the organization relates to the reduction of the costs and increases the efficiency of the
employees to provide better fitness services.
 Key objectives
The objectives of the bounce fitness business related to the wellness programs and
provide fitness process to the people (Woodward, et al., 2014). The main key objectives of
the business of bounce fitness are described below-
1. One of the main objectives of the business is to provide quality training to promote
health and fitness.
2. The other main objective is to expand the employee’s team to provide quality services
to the customers.
3. The last main objective is to manage the risk by using the Management of risks plan.
 Existing procedures for Management of risks
The organization to manage the risk by various procedures so that a proper
Management of risks plan managed. The various procedures used for Management of
risks are described below-
1. The proper identification of the risk is done in the bounce fitness organization.
2. The proper risk is analyzed to solve the risk from the organization

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3. The risk is evaluated to review the major factors in the business occurred due to the
managing of risk.
4. The last procedure relates to risk mitigation and risk control to manage the risks from
the organization.

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2. Management of risks Principles
The Management of risks principles made by the international standards and these
principles applied in the relevant organization to manage the Management of risks process
(Aven, 2016). By applying, those principles in Bounce Fitness reduce all the risks included in the
overall business (Wilding, et al., 2012). The principles of management of risks are discussed
below-
 The first principle related to the creation and protection of the value of the organization.
This applied in the organization to maintain the overall value of the business.
 The second principle related to an integral part of the organizational process and this
applied in Bounce fitness to achieve success in the organization.
 The third principle relates to the part of the decision- making and it helps the organization
in taking certain decisions related to the business (Bromiley, et al., 2015).
 The fourth principle relates to the human and cultural factors so that these factors can be
managed properly in the business.
3.Internal and external stakeholders
Several stakeholders relate to the business risks and the main stakeholders related
to the Bounce Fitness organization are described below-
 Internal stakeholders
The internal stakeholders of the bounce fitness are employees work in the bounce
fitness, managers of the bounce fitness, and owners of the bounce fitness. They mainly
affect the business and the management of business risks occurs in the process of the
organization (Sodhi, et al., 2012). Bounce Fitness is a large organization that helps to
decrease the several risks from the business.
 External stakeholders
External stakeholders also play a significant role in the Management of risks process. The
external holders of the organization are customers, suppliers, local community, government and

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several other external parties (Aebi, et al., 2012). The Management of risks process is very
important and it improves the risks of the organization.
3. External factors related to the business operations
 Political factors
The various political factors are involved in the business organizations that affect
the overall business of the organization. The main political factors relates to the
importance of the country's economy, risk of military invasion, the legal framework for
contract enforcement, mandatory of the enforcement (Sadgrove, 2016).
 Economic factors
The economy is also important factor in the bounce Fitness group. Several
microenvironment factors are very essential in the overall organization. The economic
factors are the economic system of the operation, government intervention, exchange
rates, and efficiency of financial markets and the quality of the infrastructure.
 Social factors
The society is very well related to the Bounce Fitness organization. The various
environment and beliefs are very essential in the social factor aspects. The social factors
relate to the organization are demographics and the skill level of population.
 Legal factors
The legal framework is very important in the organization and it manages the
laws of the organization (McNeil, et al., 2015). The discrimination law of the
organization, employment law and protection law.
 Technological factors
The technology is very important for the overall organization. The gym uses several
technological factors and it includes the proper analysis of the industry. The technical analysis of
the industry include several factors like the technological developments, impact on cost structure,
impact on value chain structure and the rate of technological diffusion (Calkin, et al., 2014).

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 Policy context
The several policies are also important in the overall organization and these
policies behave as an important factor used in the organization. The policy context is one
of the important factors used to manage the risk in the organization.

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4. Recommended scope for the Management of risks process
The scope for Management of risks is very important, as the scope is necessary to
manage the risks in the Bounce Fitness. The scope is very helpful in managing the overall risks
in the organization. The main scope of Management of risks is used in the two major areas in the
environment of ICT which relates with the qualitative risk analysis in which all risks gives an
impact on the organization, the other scope relates with the management of risk that manages the
risk occurs in the business (Marcelino-Sádaba, et al., 2014). The overall scope of the
Management of risks is very important and essential, it improves the overall assessment of the
risk, and decreases the risks occurred in the Bounce Fitness. The recommended scope plays an
important role and it increases the efficiency in the organization. The fitness centre implements
overall strategies of the organization (Cardona, 2013). This scope of the Management of risks is
necessary for the business and it improves the overall process of the risk and creates a friendly
environment at the centre that attracts the overall customers of the organization. The procedure is
used to maintain the risk in the organization.

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Assessment 2 Observation with Role Play
 Agenda and Summary of the Management of risks report
The brainstorming session is used to generate ideas related to the particular process. This
session includes the whole agenda and summary of the Management of risks report that
discussed in the above assessment (Lavastre, et al., 2012). This session is used to manage the
role-play and make an effective role-play of others. The Management of risks report is very
important for the overall process of the brainstorming.
The summary of the Management of risks report is described below-
 The first part of the report defines the activities, objectives and current processes for
Management of risks. The activities include is to create and implement wellness
programs. The market need is also an important activity that uses opt to reduce the costs
and improves the efficiency of the employees (Cole, et al., 2013). The objectives are also
important and the main objective is to provide quality training, expand the employee’s
team and to manage the risk in the organization.
 The second part of summary includes the Management of risks principles that are related
with the creation and protection of the value, an integral part of the organizational
Management
of risks
Risk
Identification
Risk Analysis
Risk
Mitigation
Risk Control

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success, decision-making principles and the factors of human and culture (Catherine, et
al., 2013).
The third part of the summary related to the stakeholders of the organization that are internal and
external (Lam, 2014). The internal stakeholders are employees, managers and owners of the
Bounce Fitness. The external stakeholders are customers and the local community.
The fourth part of the summary relates to the various external factors that relate to the political
factors, economic factors, technological factors and legal factors (Kunreuther, et al., 2013).
 The fifth part of the summary includes the proper scope of the Management of risks
process that relates to the qualitative analysis and risk analysis.

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 Represent the relevant stakeholders
The stakeholders of the Bounce Fitness that manage the risk to increase the efficiency of the
business do the role-play of the Management of risks. The relevant stakeholders of the
organization are internal stakeholders and external stakeholders. The stakeholders who represent
the process in the role-play are employees, managers and owners because they want to manage
the risks occur in the organization (Hull, 2012). The role-play is very much essential for the
management of the risk report. The relevant stakeholders represent the overall session of the
brainstorming and improve the Management of risks process in the Bounce Fitness organization.
The relevant stakeholders are related to internal and external stakeholders. These stakeholders
are nominated for the assessor process.

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 A consultation session with a risk manager
1. Agenda and summary of the report and recommended scope
The summary of the risk assessment report includes the several processes that include
various activities and procedures that are related with the particular process of the Management
of risks in Bounce Fitness organization (Ho, et al., 2015). The summary defines the various
process and activities used in organizations to overcome the risks and increase the growth of the
business. The recommended scope for this risk assessment report relates to the quality analysis
and the analysis of the Management of risks report in the particular process of the business.
2. Management of risks process
The concept of the Management of risks report includes various process, which are risk
identification, risk analysis, mitigation of risk and various control of risks.
The process of management of risks is closely related to the overall process used by the
organization in the controlling process of risks (Ghadge, et al., 2012). The management of risks
identifies the overall process, which increases the quality of the working process in the
organization.
3. Management of risks activities
Various activities are related to management of risks and these activities manage the
overall process of the organization (Duffie and Singleton, 2012). The several management
activities are described below-
o Identification of the risks
o Prioritize all the risks
o Each risk to the mitigation
o Monitor the risk triggers
o Implement the mitigation
o Communicate risk
4. SWOT analysis

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The SWOT analysis includes several strengths and weakness along with the
company. The SWOT analysis is described below-
Strengths
1. A result-oriented approach
2. Well researched programs with a long-term focus
3. Trained staff
Weakness
1. High Costs
2. Inability to work
3. Significant costs
Opportunities
1. Potential to expand the business
2. Increasing in clients
3. Ability to do quantitative analysis
Threats
1. Lack of immunity
2. Competition of potential
3. Change in society
5. Critical success factors
Several critical success factors are related to the Management of risks process
which is described below-
o Commitment and support from top management
o Proper communication
o Culture of the organization
o Information Technology

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o Structure of the organization
o Training and
o Trust
6. Relevant risks identified
The relevant risks identified are described below-
 Decreasing communication
 Decreasing of proper growth
 Decreasing of proper culture
 Decreasing of proper structure
 Appropriate risk treatment actions
The risk treatment actions are used to reduce the risks in the organization which
are discussed below-
 Advice customers to accept the difficulties in the organization for some time to manage
the process properly (Dionne, 2013).
 Reorganize the work in the overall production process
 Demonstrates the management of the company importance
 Investigate the causes of failure and manage the market place.

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 Management of risks Action Pan
The action plan of the management of risks are described below-
1. Purpose of the report
The purpose is related to the management of risks that manages all the risk occurs in the process
of the bounce fitness (Cornett and Saunders, 2013). The risks identification is included in the
overall process.
2. Definition of management of risks
The management of risks is the management of the risks occurs in the organization for
the maintenance of the growth of the business.
3. Objectives of management of risks
The objectives of management of risks are discussed below-
 Detection of risks include threats and vulnerabilities
 Analysis of risks
 Management of risks
 Identify the proper value of the organization
4. Management of risks methods
The management of risks methods are discussed below-
 Avoidance
 Retention
 Sharing
 Transferring
 Loss prevention

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