Ricki Gageby-AT&T risk assessment

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AT&T Risk Assessment Ricki Gageby BUS4077- Capella University November 12, 2023
Risk Assessment: Shared Risks: Traditional Land-line Communications Business : 1. Regulatory Changes: Shifts in regulations impacting landline services. 2. Technological Disruption: Declining demand for traditional landline services due to technological advancements. 3. Competitive Pressure: Intense competition affecting market share and pricing. 4. Economic Downturn: Reduced consumer spending on non-essential services. 5. Infrastructure Vulnerabilities: Risks related to the physical infrastructure, such as natural disasters or cyber threats. Wireless Communications Business : 1. Spectrum Auction Outcomes: Availability and pricing of wireless spectrum. 2. Network Security: Cybersecurity threats affecting wireless infrastructure. 3. Changing Consumer Preferences: Shifts in consumer demand for wireless services. 4. Integration Challenges: Risks associated with mergers or acquisitions impacting wireless operations. 5. 5G Implementation Risks: Technological challenges and potential delays in 5G deployment. Acquisition Activities: 1. Integration Risks: Challenges in merging different corporate cultures and systems. 2. Financial Leverage: Risks associated with high levels of debt for acquisitions. 3. Regulatory Approvals: Delays or denials in regulatory approval for acquisitions. 4. Market Saturation: Difficulty in finding suitable acquisition targets. 5. Strategic Misalignment: Acquiring companies that don't align with AT&T's overall strategy. Non-Shared Risks: Traditional Land-line Communications Business: 1. Local Regulatory Environment: Unique regulatory challenges in specific regions. 2. Customer Concentration: Dependence on a few major clients. 3. Legacy Technology Risks: Obsolescence of specific technologies in landline services. 4. Labor Union Issues: Risks associated with labor disputes in certain areas. 5. Geopolitical Risks: Political instability impacting operations in specific locations. Wireless Communications Business: 1. Device Manufacturer Relations: Risks related to partnerships with device manufacturers. 2. Network Infrastructure Outsourcing Risks: Challenges associated with outsourcing network operations. 3. International Expansion Risks: Entering new markets with different regulatory environments. 4. Roaming Agreement Risks: Risks related to agreements with international telecom operators. 5. Emerging Technology Risks: Rapid changes in technology affecting wireless services. Acquisition Activities: 1. Legal and Compliance Risks: Unique legal challenges associated with specific acquisitions. 2. Cultural Integration Risks: Challenges in integrating diverse corporate cultures.
3. Brand Reputation Risks: Negative impacts on the brand image due to acquired companies' issues. 4. Synergy Realization Risks: Difficulty in achieving expected synergies. 5. Hidden Liabilities: Undisclosed financial or legal liabilities associated with acquired companies. Management Strategies: Shared Risks (Corporate Level): 1. Active Regulatory Monitoring: Establish a dedicated team to monitor and adapt to regulatory changes. 2. Innovation Investment: Allocate resources for continuous technological innovation. 3. Strategic Partnerships: Form alliances to strengthen competitive positions. 4. Diversification: Explore new revenue streams to mitigate economic downturn risks. 5. Robust Infrastructure Security: Invest in advanced cybersecurity measures to safeguard infrastructure. Non-Shared Risks (Business Unit Level): 1. Localized Compliance Teams: Establish specialized teams to handle region-specific regulatory challenges. 2. Client Relationship Management: Implement strategies to diversify and maintain strong client relationships. 3. Technology Roadmaps: Develop plans to phase out legacy technologies and adopt future-proof solutions. 4. Labor Relations Teams: Proactively engage with labor unions and address concerns. 5. Geopolitical Risk Assessments: Conduct thorough analyses before entering or expanding in new markets. The determination of whether management of non-shared potential exposures is better handled centrally or decentralized depends on the specific nature of these risks and the company's overall organizational structure and capabilities. A regular review and adjustment of risk management strategies are essential to adapt to the evolving business landscape. I think the generalized risks can be handled in a more decentralized way. However, with dealing more with client/customer hands-on risk you should deal with it more centrally.
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References AT&T (T) stock risk factors . (2023, November 10). TipRanks | Know Who to Trust. https://www.tipranks.com/stocks/t/risk-factors Dano, M. (2023, November 3). AT&T, others facing “significant financial exposure” from lead legacy . https://www.lightreading.com/optical-networking/at-t-others-facing-significant- financial-exposure-from-lead-legacy Form 10-K . (n.d.). https://www.sec.gov/Archives/edgar/data/732717/000119312519045608/ d705958d10k.htm Oguh, C. (2023, July 17). AT&T shares hit three-decade low as lead cables risk weighs. Reuters . https://www.reuters.com/business/media-telecom/att-shares-hit-three-decade-low-lead- cables-risks-weigh-2023-07-17/#:~:text=AT%26T%20faces%20unquantifiable %20financial%20risks,said%20in%20an%20investor%20note . SEC filings . (n.d.). https://investors.att.com/financial-reports/sec-filings