RiskIdentification_SharyuShah
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Week 2 : Risk Identification
Sharyu Shah
Master’s in Analytics
ALY6130 70419 Risk Management Analytics
Prof. Michael Cavallo
October 1, 2023
EcoTech (Previously named as XYZ Company in SWOT Analysis Assignment) a fictional company, specializes in
manufacturing cutting-edge Wind Energy Technology.
(Below is just Image of Excel Sheet. Please find attached Excel Sheet to this Document)
Risk Statements:
Here are the risk statements for the three competitive risks associated with EcoTech Company's acquisition of wind energy
technology:
Risk #1
- The Risk of: Intense competition
- Caused by: Existing and emerging competitors in the wind energy sector
- Resulting In: Increased pressure on pricing and market share
Risk #2
- The Risk of: Regulatory changes impacting market dynamics
- Caused by: Evolving government policies and regulations related to wind energy
- Resulting In: Altered market conditions and compliance challenges
Risk #3
- The Risk of: Aggressive competition from established players
- Caused by: Leading renewable energy companies with substantial market presence
- Resulting In: Struggle to gain a foothold and compete effectively
Impact Statements:
Here are the impact statements for the three competitive risks associated with Ecotech Company's acquisition of wind energy
technology:
Risk #1
- Consequence/Impact: High competition could lead to reduced profit margins and slower market penetration. This may result in
decreased revenue and profitability for Ecotech Company, impacting its financial performance.
Risk #2
- Consequence/Impact: Sudden regulatory shifts could disrupt business operations and require significant adjustments. Ecotech
Company may face increased compliance costs and potential legal issues, affecting its ability to operate smoothly and efficiently.
Risk #3
- Consequence/Impact: Competing with industry giants may make it challenging to secure contracts and market share. Ecotech
Company could face difficulties in establishing itself in the market and achieving its revenue targets, impacting its market position and
growth potential.
These impact statements highlight the potential negative outcomes that each risk could have on Ecotech Company's acquisition of
wind energy technology.
Appendix: Please find Attached Risk Log (M2.Risk Register_SharyuShah)
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