Jhonas Dichoso
2 BSAIS
CHAPTER 4:
ACTIVITY 1
BUSINESS OBJECTIVE
1. Establish Accountability
2. Elevate Revenue and Sales
3. Reduce Production Costs
4.Guarantee Regulatory Conformity
5. Build Up Customer Satisfaction
RISKS
a. The establishment of accountability can be
implemented ineffectively in business.
b. Employees may not be productive in a business.
c. Unintentional consequences arise when individuals
or teams within the business are not held accountable
for their actions or outcomes.
a. The growth of competition between businesses
leads to price wars.
b. Consumers may not be satisfied with the quality of
the goods or services, so it may result to decrease in
sales or revenue of a business.
c. If there are too many similar businesses in the local
market.
a. Due to the reduced cost of production, the products
may not be of good quality.
b. It is possible to not reach the quality of goods or
services offered by competitors.
c. Lack of effective production planning.
a. Events involving food safety that lead to product
recalls
b. Violations of health and safety resulting in fines or
closure
c. Adherence to labor laws and rules pertaining to the
rights of employees.
a. Good and high-quality products or services over the
years can be difficult to maintain.
b. It is possible that the enhancement in customer
satisfaction will increase the cost of each product
produced.
c. Having poor customer service can be caused by
lack of staff resources or insufficient training.
ACTIVITY 2
IDENTIFIED RISKS
1. Good and high-quality products or services over
the years can be difficult to maintain.
2. Lack of effective production planning.
3. Having poor customer service can be caused by
lack of staff resources or insufficient training.
4. If there are too many similar businesses in the
local market.
5. Due to the reduced cost of production, the
products may not be of good quality.
MANAGEMENT ACTION PLAN
 To maintain the good quality of a business'
product or service over the years,
management must be consistent and
determined to sell their goods or services in a
good quality.
 The production planning can help the
business reduce costs and increase savings in
several ways. It can help to avoid
overproduction and underproduction,
optimize resource utilization, reduce lead
time, enhance quality control, and mitigate
risks.
 The solution to having poor customer service
should be to conduct competent trainings for
employees and if necessary, we need to
increase the staffs also.
 It is better if management can enhance the
uniqueness and good quality of the goods and
services they offer at low prices so that
consumers can buy them more than other
similar businesses in local market.
 The management should make sure that even
though their products are low cost, they have
good qualities but at low prices.
ACTIVITY 3
RISKS
1. Macro-economic
Developments
2. Climate variability and
change
3.Cyber Incidents
4.Shortage of skilled workforce
5. Economic Recession
EFFECTS
 Inflation
 Rapid inflation signals
economic instability.
 High unemployment
 Supply chain disruptions
 Physical asset damage
 Increased operational costs
 Damage to the company’s
reputation.
 Financial loss.
 Workflow disruptions.
 Reduced productivity
 Higher training and wage
costs
 Worsened unemployment
 Reduction in the
availability of investing
possibilities
 Changes in the supply
chain
 Reduced demand from
customers
ACTIONS TO ADDRESS THE
RISK
 Accelerated Growth
 Job Creation
 Poverty Reduction
 Make use of renewable
energy sources and green
technologies.
 Invest in sustainable
infrastructure and disaster
preparedness.
 Cooperate with suppliers to
lower climate change-
related risks.
 Educate employees on
cybersecurity best
practices.
 Establish stringent policies
and processes for
cybersecurity.
 Regularly update software
and conduct security
checks.
 Offering an Attractive
Compensation.
 Providing More Training
and Development
Programs Finding workers
with specific skills that
match businesses’ needs is
becoming more
challenging as jobs evolve
and require expertise.
 Improving Recruiting
Strategies.
 Be mindful of cost-cutting
and efficiency.
 Increase financial reserves
and liquidity.
 Diverse revenue streams