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Case Study: Alibaba and the 40,000 Thieves Notes: Your answers should reflect your competency of each element: 1. Establish risk context 2. Identify risk 3. Analyse risk 4. Select and implement...

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Case Study: Alibaba and the 40,000 Thieves

Notes:
Your answers should reflect your competency of each element:
1. Establish risk context
2. Identify risk
3. Analyse risk
4. Select and implement treatments

This case study is to be presented as a report, with
(a) a title page
(b) a content page
(c) introduction page
(d) in your report you are answering the following questions with proper headings
and appropriate diagrams
(e) Question 23 will be your conclusion page for your report
(f) Then final page is your reference page (Referencing Guide can be found in Moodle)

The questions to be addressed in your report in
egards to Alibaba:

1. What part/s of the legal framework will impact on this risk?

2. What standard applies presently?

3. What areas does your risk address? (e.g. commercial relationships)

4. There are different types of risk, including legal, financial and safety risk. Which one/s do you
think apply in your case?

5. Who is responsible for this risk?

6. Who are your external and internal stakeholders? What are their objectives?

7. Review any political, legal, social, economic or technological changes that will influence you.
Create a SWOT analysis of this.

8. Outline how critical success factors will influence this case.

9. Using the stakeholders identified earlier, identify how you would communicate and consult
with each party changes?

10. What other research would you need to do in this case?

In this next section, you may choose to complete a risk assessment form internal to your
organisation if you wish.

11. Assess the risk

12. What is the likelihood of this problem arising again?

13. What are the possible consequences of this risk?

14. Evaluate and prioritise treatment for the risks?

15. What risk priority would you consider?

16. What opportunities do you think there are in your case? How can these opportunities be used?

17. Based on your assessment and research, list the ways in which you can minimise the risk.
Choose the risk option that you believe is co
ect. Which one is it?

18. Briefly explain the risk action plan for this assessment.

19. What documentation and records do you think you will need to maintain and file before,
during and after the action plan is implemented?

20. Why do you need to keep documentation?

21. You need to be able to implement the action plan. What do you need to do? Briefly outline
how you will implement each step.

22. How often will you communicate with stakeholders?

23. How will you evaluate your case? Develop a tool that you can use to perform this task.
Answered 5 days After Mar 18, 2021

Solution

Dr. Vidhya answered on Mar 23 2021
149 Votes
Running Head: RISK MANAGEMENT AND ALIBABA         1
RISK MANAGEMENT AND ALIBABA        7
RISK MANAGEMENT ANALYSIS OF ALIBABA: A REPORT
Table of Contents
Introduction    3
Analysis of the Risks and Legal Frameworks (Question One to Five)    3
Analysis of Stakeholders and Communication Plan (Question Six to Twelve)    4
Analysis of the Risk and Assessment of Research (Question Thirteen to Twenty Two)    5
Conclusion    7
References    7
Introduction
    In the ever changing conditions in e-commerce business, careful usages of the big data has been one of the most challenging factors which the big players of this industry have to confront. In fact, there are multiple levels of the risk driven factors that the companies working in e-commerce have to process and resolve effectively (Zhang Pee & Cui, 2021). As per the observation of the provided case study of Alibaba, Jack Ma, the founder of the company, is going through complicated phase of business operations. Driven from the existential questions—because he is Chinese by origin—as well as his participation in the progression of communist philosophy of China are the two major risk factors along with the frauds that have surged up rapidly in the modern context.
Analysis of the Risks and Legal Frameworks (Question One to Five)
    At first, the observation of the case study discloses two major things in the context of the online operations of Alibaba. The first one belongs to the Chinese identity of the founder which is more like some counterfeit to the modern business trends (Ran, 2018). China is perceived as a nation who has been supporting communism since its freedom and that is an opposing political value to the nations who follow democratic setup for political governance. In other words, the recent risk is driven from managing the cultural identity of business operations which are closely aligned with the retention of customers. The standard of commercial relationships with the other organizations is affected due to the ongoing movement against the communist philosophy (Zhang Pee & Cui, 2021).
    Additionally, the risk driven factors given in the article are relatable to the pandemic out
eak of Covid19 which is said to be spread from Wuhan, one of the major industrial hubs located in China. A general unrest against Chinese business organizations has been driven from this out
eak. At the same time, the participation of Alibaba in the political campaigns of the cu
ent ruling government in China has
ought the company to a severe criticism, affecting the
anding and positioning of the company in the open market. This is understood as the level three of risk in which, the
anding, loss of market share as well as the overall image of the company can be put to criticism.
    Additionally, the positioning of the company is getting influenced by the recent frauds done in the name of Alibaba. The company proudly holds a vastly spread client base across globe and trust is something that Alibaba cannot afford to give away as an e-commerce platform (Ran, 2018).There is a wide list of selling options over which, easy accessibility for fraud is possible and in some of the recent events the company had to face criticism in spite of the fact that there was no engagement of company in the...
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