Case study Essay Example | Topics and Well Written Essays - 1250 words - 4

Case study - Essay Example Because of higher demands, price quotation would also not be a problem for the company because it can be assured that consumers will be ready to pay. This way, the company will not be forced in making price quotations that affects its expenditure and ratio balance (Blunt, Jones, & Richards, 2003). What is more, the market segment to be used for this proposal would ensure that there will be less expenditure on shared cost such as transportation. This way, the company will be looking at a revenue ratio that far outweighs its expenditure, making it easier to realize profits. Even though the risks identified with this proposal are realistic, it is hoped that there will be equally effective risk mitigation and contingency procedures that will be used to meet such risks as political inconsistency, which may bring about new financial policies that may be unfavourable for the company. 2.0 Risk Log for Recommended Proposal Risk Category Risk Name Risk Number Probability (1 – 3) Impact (1 – 3) Risk Score Mitigation Contingency Action by Action when National Uncertainty in success rate due to Scottish referendum 1.1 2 2 4 Look for new markets outside of Scotland Start a new market right away Eddy Ware Now National Political change that affects existing economic policies 1.2 1 3 3 Engage in pre-referendum economic policies that hedge the company against any possible economic shocks Hedge from a new capital market Elaine Morgan Now Local people Scottish locals accepting foreign brand 2.1 1 2 2 Introducing the product to a more foreign oriented market Find substitute products to introduce to the market Eddy Ware Now Currency Exchange risk emanating from possible change of currency 3.1 1 2 2 Currency market hedging that puts the company ahead of any possible currency shocks in about one year after new currency introduction Buy hedged currency product Elaine Morgan Upon announcement of new currency Raw material downturn in this year’s yield of organic suga r crop 4.1 2 2 4 The use of alternative and backup suppliers Stock company inventory now Paul Hollywood Now 3.0 Stakeholder Analysis 3.1 Identifying key stakeholders and their interest The implementation of the proposal to expand cake and biscuit production needs the input, consent, power, support and approval of several people, who together come to form a stakeholder base for the proposal. In line with the conditions needed to kick start the proposal and also to control the risk, the following people are identified within the organization as stakeholders. Gordon Blanc: As the CEO and head chef of MOP Restaurant, he is included as a stakeholder who would have authorizing powers to give approvals to the starting, continuation and stoppage of various tasks within the proposal. Particularly with areas that have to do with the MOP restaurant, it is expected that Gordon Blanc will make extra roles such as quality control roles for the manufacturing of cakes and biscuits for the restauran t. Martin Inch: He is also needed for his capacity as the CEO to give authorities on the start, continuation and conclusion of projects. It is expected that the project manager would make direct reports to him about the progress, successes and challenges within the project as he is the eventual overseers of