Risk Analysis | My Assignment Tutor

Assessment 1 Part B – Risk AnalysisYou are the HR director at a large Australian bank with a bureaucraticauthoritarian culture and a highly unionised workforce. In response tocompetitive pressures, the bank aims to become the fastest growing, mostprofitable bank in Australia.They are also looking at expanding their operations in Asia as part of theirgrowth strategy. You realised that in order to bring the company to reach newheights, the bank needs to make changes to their organisational culture.1. How are you going to introduce cultural change in the entire organisation?(5 marks)2. What are the risks of introducing a cultural change in a bureaucraticauthoritarian culture and a highly unionised workforce? For example, if thechange will require retrenchment, what are the risks involve? What are thebarriers to change? (5 marks)3. Perform a risk assessment for all the risks you identify including yourrecommended mitigation strategies. Use risk analysis forms similar to theone you used in Session 4. (10 marks)Total part B: 20 marksAssessment 1 Part C – Case StudyScenarioChange at Asia/Pacific Manufacturing (APM)The atmosphere in the boardroom was intense. Mon Ey, the financial director forAPM just concluded his presentation on the current situation of the Australianmanufacturing division of APM. The following conclusions were made based on thepresentation:ƒƒ APM Australian factories not competitiveƒƒ Benchmarked against international best practice, production costs of the Australianmanufacturing operations are the highest in the worldƒƒ The Australian factories have low productivity and high labour costsƒƒ Must cut losses and expand elsewhere OR make the Australian operations morecompetitiveƒƒ At risks of being taken over by another major competitor. If this materialises, allAustralian operations will be sold off and moved overseasƒƒ Share price dropped 20 percent from the past six monthsIn view of the current problems of APM, they decided to hire the services of STegic, astrategic consultancy firm to make sense of the problem and possibly come up with arecommendation as to the best possible course of action.The study conducted by STegic reveals the following issues:ƒƒ If the Australian factories could achieve 90 percent of best practice figures forproductivity and labour costs, the Australian operations would be among the mostprofitable in the company


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