Question
Potential Risk, Risk Assessment Form and Risk Response Matrix for The POM1 Project* Big Kola Company has been concerned that specialized fruit drinks have been
Potential Risk, Risk Assessment Form and Risk Response Matrix for The POM1 Project* Big Kola Company has been concerned that specialized fruit drinks have been eroding their cola market. The CEO mandates that If you cant beat them, join them. Grape juice was the first product that was successful after an advertising blitz claiming the antitoxin benefits. Lately, competition is compressing grape juice margins and profits. Months of additional market surveys and focus groups have resulted in three potential high-margin drinks: cranberry, blueberry, and pomegranate. All these choices represent antitoxins. The decision is to produce the pomegranate drink that has many health claims. For example, the relative ability of these juices to eliminate harmful free radicals (antitoxins) is 71 percent for pomegranate, 33 percent for blueberry, and 20 percent for cranberry (Technion Institute of Technology). The market potential appears very attractive and should have a higher profit margin than the other potential juice products. Another appeal for pomegranate juice is its familiarity in the Middle East and Asia. The Priority Matrix for the POM1 Project is: Time Scope Cost Constrain X Enhance X Accept X * Cliff Gray, Erik Larson, & Pinyarat Sirisomboonsuk, doctoral candidate at Rawls College of Business, Texas Tech University.
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