- •2. Business overview, strategy and environment
- •2.1. Vision, mission & objectives
- •2.2. Stakeholders’ analysis
- •2.3. Description of the business
- •2.4. Products and services
- •2.5. Major players (suppliers, distributers, clients)
- •2.6. Nature of the industry
- •2.7. Trends in the industry
- •2.8. Pest analysis
- •2.9. Market trends
- •3. Sales & marketing plan
- •3.1. Customers
- •3.2. Market segment
- •4. Operating plan
- •4.1. Business location & requirements / advantages / lease details
- •4.2. Equipment / technology / r&d/ environmental aspects
- •5. Human resources plan
- •6. Action plan
- •6.1. Action Plan and Timetable (Gantt Chart)
- •8.1 Nature and sources of risks
- •Identification of factors raising or lowering separate risks
- •8.3 Strategies for managing risks
- •8.1 Nature and sources of risks
8.3 Strategies for managing risks
- we must find the best it specialist and enough money;
- we should create the protection system to avoid errors with system;
- we have to allocate enough money to preparing high quality specialists;
- we will contract with suppliers of raw materials about discounts and fixed costs.
8.1 Nature and sources of risks
Business development is inherently risky. Risks can be classified by its source and nature. Sources of risk are organized into categories such as technical risk, management risk, and external risk. Within each category, specific sources of risk are identified in order to apply risk reduction techniques.
Technical risks include complexity & interface, design, performance and reliability and quality.
Management risks mainly consist of estimating, controlling, communication and reputation (brand).
External risks contain risks related to competition, legislation and customers.
Potential risks for a business:
Do not have opportunity to create single database.
Afraid of innovations
Risk of long-term transition to a new system