Scenario

Alliance Motor Inc. is a dealer of cars and vans in Adelaide, South Australia operating since 2018. Its main business is focused on selling brand new and second hand ELSTRA cars. It caters to the middle to upper income market.

Average price of a brand-new car is $35,000 and $15,000 for used cars. The dealer earns approximately 4% for each car. The company has 8 employees. It sells an average of 50 Cars per month.

Part of the Strategic Plan of the company is to expand by opening a Car Repair Centre, Offer in-house financing and Car Insurance in order to accommodate the growing market and to increase its revenues.

The following projects are planned to be completed in the next 24 months.

The company aims to be a one-stop Car Centre where customers are able to purchase a car, have it insured and have access to availability of repair and maintenance and financing their car.

QUESTION 8. Answer the following question belowUSING THE ABOVE SCENARIO

1. IdentifyTWO (2) RISKS RELATED TO THE STRATEGIC CHANGES

2. Explain ONE (1) MITIGATION STRATEGIES FOR EACH RISK IDENTIFIED

3. ExplainHOW THE LEARNING/EDUCATION PROCESS will be implementedrelating to the Strategic Change

4. Explain HOW THE COMMUNICATION PROCESS will be implementedrelating to the Strategic Change

Criteria

• Must identify two (2) Risk related to the Strategic Changes
• Must explain (1) Mitigation strategies for each risk identified.
• Explain the Learning/ Education process that you will implement to prepare the stakeholder about the change
• Explain the Communication process that you will implement to inform stakeholders of the change