This report provides a comprehensive risk management analysis for NatureCare Products, focusing on the risks associated with expanding its business through the opening of new retail outlets in Sydney, Brisbane, and Melbourne, as well as the expansion of its product line. The report begins by outlining the scope of the risk management process, encompassing political, economic, social, technological, environmental, and legal risks. It then aligns the risk management policies with Australian government standards and identifies both internal and external stakeholders, detailing their interests and influences. The report includes an analysis of the strengths and weaknesses of NatureCare Products' existing retail approach and concludes with a PESTEL analysis to provide a broader understanding of the external factors impacting the business. The findings are intended to inform the CEO's decision-making process regarding the implementation of the expansion strategies.
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