Task Instructions Watch the interview with the representative from the case study organisation. Determine what their stated or inferred business strategies are for...

WRITTEN ASSIGNMENT
Table of contents
Introduction    3
Stated or Infe
ed Business Strategies    3
Identifying Five Cu
ent Risks to Business    4
Arguing and Justifying Adequate Responses to Identified Risks    5
Recommendations    6
Conclusion    7
References    9
Introduction
This report's goal is to assess a case study company's business plans and pinpoint any potential hazards that can endanger its success. The report will also include suggestions for how the organization might address these risks while taking the CEO's position into account. According to the representative's account of the case study organization during the interview, it works in Tasmania's food and beverage sector and places a strong focus on sustainability and social responsibility. The study will start by looking at the organization’s stated and implied business plans as presented by the representative during the interview. The basis for comprehending the organization’s aims and objectives will be provided by this. The report will then place the reader in the position of the case study organization’s CEO. The organization’s prospective hazards may be identified and evaluated with the aid of this viewpoint. Based on cu
ent economic, social, technical, political, and demographic developments, the risks will be evaluated from a global, national, and local viewpoint. The study will also include suggestions for how the organization should handle these risks. The suggestions will be backed by evidence from the literature and will be based on the theory and practice presented in the unit. The suggestions' main purpose is to make sure that the organization can keep achieving its strategic objectives in spite of possible hazards. In conclusion, this report will offer a thorough examination of the case study organization’s business strategy, identify possible hazards, and offer suggestions for how the organization should handle these risks.
Stated or Infe
ed Business Strategies
Several business strategies might be implied or mentioned from the representative from the case study organization’s interview. Diversification appears to be one of the main business strategies that the organization is pursuing (Zhou et al., 2020). The spokesman stated that the company manufactures both food and non-food items, such as chemicals and fertilizers, in addition to its work on food goods. This diversification technique may be used to reduce the risks
ought on by changes in the demand for food items and to provide new sources of income. A strategy that may be implied is one that emphasises innovation. The spokesperson stated that the company makes large investments in R&D to create new goods and enhance existing ones. This might be an effort to keep one step ahead of rival businesses, provide distinctive goods, and meet shifting consumer demands. The company also appears to be concentrating on sustainability as a business strategy. The spokesman emphasised the company's initiatives to decrease waste and emissions, employ renewable energy sources, and lessen the negative effects of operations on the environment. This might be done to draw in environmentally sensitive clients and boost the company's standing as a good corporate citizen. Finally, it appears that the company is implementing a worldwide corporate plan. The spokesperson stated that the company has offices and production facilities spread across numerous locations and exports goods to a number of nations. This might be done to reach new markets, diversify the organisation's revenue sources, and take advantage of globalisation's advantages. Globalization, innovation, sustainability, and diversity are all part of the organizations’ declared or implied business strategy. These tactics might support the company in achieving its objectives, enhancing its competitive edge, and ensuring its long-term viability.
Identifying Five Cu
ent Risks to Business
As the CEO of the case study firm, I have identified five key risks to the business caused by external forces after analyzing the declared or implied business plans. These dangers comprise –
· Economic risks include things like inflation, recession, and shifting cu
ency rates. These things can have a big influence on an organization’s capacity to maintain its financial stability. Organizations are dealing with greater economic instability in the cu
ent global economy, which may directly affect their capacity to do business. For instance, increasing inflation rates can raise the price of products and services, which can reduce sales revenue and profit...