Question
Fill the Risk profiling table below for EVE Investments. there is an example of how it should be filled but please include recommendations. https://www.evehealthgroup.com.au/who-we-are-financial-reports Risk
Fill the Risk profiling table below for EVE Investments. there is an example of how it should be filled but please include recommendations.
https://www.evehealthgroup.com.au/who-we-are-financial-reports
Risk Category | Risks | Impact of risks | Recommendations |
Financial | High amount of Debt | Profitability decreases Shareholder value decreases etc. | |
YOU DON'T HAVE TO USE THE INFO BELOW, JUST THERE TO ASSIST IF NEED BE. THE MAIN QUESTION IS JUST TO FILL OUT THE TABLE ABOVE.
As per the Australian Institute of Company Directors, some of the commonly used categories of risks are- Financial, Equipment, Organisational, Security, Legal and regulatory compliance, Reputation, Operational, Contractual, Service Delivery, Commercial, Project, Workplace safety, Stakeholder management, Client, Strategic, Technology and so on. This list is not exhaustive neither perfect. You may choose to use any of these risk categories or additional categories. Based on the PESTEL & SWOT below, you need to list out potential risks associated with the given case and put them under relevant categories. At least 5 risk categories. Each risk category should include at least 1-2 risks. After you have identified the risks, in your second column you need to discuss the kind of impact these risks can have on the company. The impact could mean the level and scope of the impact of the risks on the given company. In the third column, you will have to provide recommendations for improvement. Improvement could be suggestions to either prevent, if not preventable, ways to mitigate the risks.
PESTLE Analysis
External Issue | Key Issues/Recent Development/Changes |
Political | Government controls influence the investment in Australia this is due to economic policies such as trade tariffs, conflicts, taxation or fiscal policy. Due to Covid19, Australian government suffered recession. Low employment, reduced corporate profitability likewise average income corresponds to low government tax receipts. Australian government provide policy ensuring households support through additonal income and economic stimulus. |
Economic | Economic factors is driven by supply and demand and these may include interest rates, inflation, foreign exchange patters, disposable income,etc.The recession brought about by Covid19 has led to business closure as well as state international borders. The US-china trade likewise technology wars has drag Australia`s economic growth. |
Socio -cultural | Demographics and culture are considered social factors affecting lifestyle, purchasing habits or choices in a specific country such as australia. Including in social factors are health, demographci, religion, opinions, attitudes, ethics,etc. The onslaught of Covid19 pandemic is a social factor that affects health disrupting lives of thousand of Australian citizens. In order to undermine and strengthen the health of individuals in australia, social determinants such as social power, socioeconomic position , social support and employment conditions were considered. |
Technology | Inovation greatly affects direct or indirect investment in the country. The following technological factors could be licensing, technological development, communication, automation, research and development and the likes. Research and development accounted for 39% for total business in australia. Fiscal year 2019-2020 accounted 21% for innovation active business. NOn profit organization devoted to reesearch and experimental development likewise with higher education in australia. |
Environment | Physical environment and its protection may assocaite environmental factors. This may consists of climate, weather, geographical location, environmental offset and consumer or stakeholders value. Blacksummer fires or bush fire season tallied in australia. more than 3,000 thousand houses was swallowed, 33 people killed and 19 hectares was destroyed due to this devastating catastrophe. |
Legal | Legal factors consist of policies and procedure which are essential for continuous operation and compliance of the company. This may include consumer protection, environmental regulation, employment laws, regulatory bodies and industry specific regulations.Banking Code of Practice came into effect in july 2019. consumer driven data that allowing consumer to transfer their data to a third parties system.In order to protect deposit holders in Australia, APRA held consultations on October 2019. |
SWOT Analysis
STRENGTH
| WEAKNESS:
|
OPPORTUNITIES
| THREATS
|
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