NDB501 Introduction to Management

Part A In view of the changing environment of the company, Derek has suggested to Ron to seek your advice as a management consultant. Initially you are expected to give advice on environment-related issues and risks that may impact the company’s performance. Question 1: Environment analysis and risk management Prepare a report for Ron: • Include a brief analysis of (a total of) four elements within AceDors n More’s external and internal environment that may influence the company’s performance in the near future. (8 marks) • Provide an explanation of at least three types of risks from the following list, that AceDors n More may face during the next 1-2 years. Use relevant company examples of risks in your explanation: (6 marks) o Strategic o Operational o Financial o People o Compliance o Technology. • Describe suitable ways of managing two specific risks with a high probability of occurrence, with reasons. (4 marks