bus 519 Week 4 Discussion 1

bus 519 Week 4 Discussion 1

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“Identifying and Mitigating Risks” Please respond to the following:

• Imagine you are considering opening a specialty pet store in your area. Create a list of the five most significant risks that you must address prior to making your decision regarding the viability of your venture. Justify the risks.
• Speculate how you would mitigate each risk identified in Part 1 of this discussion; determine the tools and methodologies you would choose to mitigate them.

bus 519 Week 4 Discussion 2

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“Defining Risks” Please respond to the following:

• Imagine you have addressed the risks identified in Discussion 1. Now you have decided to proceed with your plan to open the pet store. Determine your potential stakeholders in the venture and analyze how they affect your risk management plan.
• Determine the strategies to bring this group of people together and convince them that you have a winning idea for your business. Support your response.

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