RISK ASSESSMENT Term Paper Example | Topics and Well Written Essays - 1250 words

RISK ASSESSMENT - Term Paper Example In terms of its performance, it is observed that GDI has experienced a consistent growth with regard to its operations for a substantial period of six years with the incorporation of well-crafted management strategies. GDI intends to focus on augmenting its operational performance through technological innovation as well as automation. . The operations of GDI are controlled by the effective leadership of Chief Executive Officer (CEO) Jamie Pierce. Identification of the Organizational Assets Assets can be defined as the tangible or intangible items or variables which are possessed by an organization which are made use of in the process of executing their primary functions. Moreover, assets also yield economic values to the organizations in future under certain circumstances. Furthermore, assets are divided into two parts which comprise fixed and current assets (Harrison, 2006). Fixed assets can be stated as the assets purchased by the organizations for long-term use which can be ident ified as property, machinery and furniture among others (University of Cambridge, 2000). Current assets can be defined as the type of assets which are utilized by the organizations into their operations on a daily basis which include cash in hand, inventory, goodwill and short-term investment among others (Svensson, 2008). With due consideration to this aspect, it can be stated that GDI also has certain pertinent assets through which they operate and serve their customers. Furthermore, the assets of GDI comprise certain number of infrastructures located in Canada, the United States and Mexico and the organization is also having a center situated on 9th floor of the corporate tower. Furthermore, GDI also has certain number of information technology based resources along with heavy and light vehicles which also act as an asset for the organization. The existing employees can also be termed as the tangible assets for GDI this is because with the assistances and performances of the empl oyees the organization earns profits and growth as well as sustainability. Along with the employees, the prevailing shares of GDI also act as an asset for the organization. Assessment of the Organizational Risks From the presented scenario, it is derived that the CEO of GDI Jamie Pierce decided to take certain measures for reducing the operational cost of the organization by lowering manpower by means of incorporating outsourcing along with 30% of the organizational budget. In relation to these measures, GDI can face certain problems while running the business processes. The problems can be identified as political issues, ineffective strategic planning, improper flow of organizational operations or processes and lesser security related to organizational data due to the activities. The political related issues can arise from the reduction of manpower within GDI because the employees generally have certain association with labor unions as a result massive reductions of employees from the organization can lead to strikes or problems while running the business process. Ineffective strategic planning can also come in the way of operating the business efficiently because the reduction of budget and manpower from the operations can de-motivate other employees. The reduction in percentage of budget also can lead to unavailability of required resources at the time of emergencies or while planning and serving with their related products or services. The reduction of bu