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Using the risk matrix included in Appendix A below, plot the risks on a heat map and explain what the map means? Risk Identifier Category
Using the risk matrix included in Appendix A below, plot the risks on a heat map and explain what the map means?
Risk Identifier | Category | Description | Cause | Effect |
1 | Financial Risk | Tesla Inc may face a decline in sales due to changes in consumer demand or economic downturns. | Changes in consumer preferences, economic recession, competition | Decreased revenue, lower profits, potential financial losses |
2 | Operational Risk | Disruption in the supply chain may impact Tesla's production and delivery of vehicles. | Supplier failure, natural disasters, logistical issues | Delayed production, missed delivery targets, customer dissatisfaction |
3 | Technological Risk | Rapid advancements in electric vehicle technology may render Tesla's current models less competitive or outdated. | Emergence of new technologies, failure to innovate, competitors' advancements | Reduced market share, decreased demand for existing models |
4 | Regulatory Risk | Changes in government regulations or policies related to electric vehicles may impact Tesla's operations and market access. | New regulations, policy shifts, compliance challenges | Increased compliance costs, restricted market opportunities, legal penalties |
5 | Reputation Risk | Negative publicity or controversies surrounding Tesla's products, business practices, or leadership may damage the company's reputation. | Product recalls, safety concerns, ethical issues | Loss of customer trust, brand damage, reduced sales |
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