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Risk Assessment

Risk Assessment

Risks associated with the plan

There are different forms of risks that are associated with implementation of the plan. For example, the plan may not work effectively with the old normal operations of the organization. The organization is currently using a strategy that is has used for several years now. Further, the company has faced challenges in making changes to the system (Schepp, 2012). The changes have proven to cause extensive challenges when implemented including leading to different forms of loses. This makes t quite a challenge to implement the new plan. The plan may not work effectively with the already operating system. It is important that the plan is implemented in a careful and effective manner to ensure that it works as intended and does not affect the general operations of the organization.

In addition, the plan is risky in affecting the general progress of the organization. Employees’ effectiveness is quite important for the success of any business. This organization has been operating effectively based on employees’ competence. However, implementing the new plan may cause different forms of problems to the effectiveness the employees display (Schepp, 2012). The employees may not be able to remain effective as they try adopting the new plan. It may take some time before the employees understand the new plan, which implies that the effectiveness of the organization may be disrupted for some time.

Further, the new plan may be risky to the organization through consuming much time that may have been used in the successful operation of the organization. For example, the organization is always busy at all times. This means that trying to implement the plan may have to interrupt the normal operations of the organization. This may lead to wasting of time that would have been used in serving consumers. Further, employees may require being trained (Starbucks Corporation, 2014). The time used for training may have been used by the employees in ensuring that everything works effectively within the organization.

Also, implementing the plan may be risky based on the money it may require to successfully implement. For example, implementing the plan may not be complete success. The different forms of failures may require additional financing by the organization in order to improve on their abilities to successfully fit within the organization (Schepp, 2012). The need for an increased funding may be a major risk factor to the organization. The organization may be forced to increase its spending in order to ensure that the strategies successfully fit to its normal operations.

Plan to overcome the risks:

There are different ways in which the risks may be reduced. For example, the implementation process shall factor in all the possible risks that may be experienced while implementing the plan. Based on these risks, the team may come up with ways in which these risks may be. For example, in cases where the organization may be expected to increase the funding so as to ensure that the plan is effective, the team should ensure that the plan is tested before it is implemented (Starbucks Corporation, 2014). This shall help in determining the different areas of weaknesses that the plan may have. By detecting these weaknesses, the team shall be able to improve on the general plan and ensure that the weaknesses are minimized.

In addition, the team shall also implement the plan bit by bit. For example, the team shall implement the plan in one department then move to the rest one by one. This will ensure that the team understands on how to deal with the weaknesses in case they are experienced before moving to implement in another department (Schepp, 2012). This process will help in reducing the negative effects that the impact may have on the implementation process as well as the success rate of the plan. It is important to ensure that a plan is tested before being implemented in order to reduce any form of negative impacts it may have on an organization’s progress.

Management theories:

The chosen management theories may play a major role in ensuring that the implantation process is a success. For example, the theories may provide implementation processes that shall ensure effective implementation of any process. This shall encourage better performance of the plan through integrating it with the existing plan (Starbucks Corporation, 2014). Further, the theories may help in providing ways of reducing the weaknesses that may be experienced by the plan. Reducing the weaknesses may help in reducing the risk factors associated with the plan. The theories shall be effecting in improving the general implementation process of the plan.

Conclusion:

Understanding an implementation plan may help in improving the success rate of the plan. There are different forms of risks that may be experienced while implementing the plan, such as inability to work with the existing plan, effects on the organization’s normal operation, and effects on employees’ effectiveness. However, through improving on the implementation process and reducing the risks, the plan may be implemented successfully. For example, through using the chosen theories, the implementation process may be improved significantly.

References

Schepp, D. (2012, September 22). Starbucks is hiring, but its jobs are overrated. Business

Insider.

Starbucks Corporation. (2014). Starbucks Corporation - Accelerated Growth Plan, 1-21.