TASK 2

Select an organization of your choice and, using publicly available documentary evidence, write a critical analytical report on their approach to strategic risk management.  The organization may be private, public, charity or not-for-profit. 

In your report you might want to consider the following:

• The context of the organization i.e. what is the business line, its aims and objectives, the sector and the documents available to an organization sector-specific to support implementation (professional bodies, government, regulators, etc.);
• The approach to strategic risk management strategies, structures and methods utilized by the organization of your choice;
• Drawing on guidance and literature related to strategic risk management considers whether the organization of your choice has effective strategic risk management and the possible organizational factors which might have contributed to your conclusions.

Additional instructions are applicable for both coursework

• The coursework should demonstrate a clear and consistent analysis, and the ability to conduct a research-type investigation and to write clearly and concisely.
• The main sources of information will be the companies’ web pages, annual reports, and other published information. You should compare and contrast this with information from the media, journal articles and with your own observations, justified opinions, etc.
• Higher marks will be awarded for logically presented and well-argued analytical discussion.
• The coursework should be accurately typed and referenced (from the University citation guide learn how to use the Harvard referencing system).

• Students are also required to submit hard copies top the course administrator and electronic copies via Blackboard and Turnitin UK.  Click the ‘Assessment’ tab on the control panel on the Blackboard screen for each Module and follow the ‘Instructions for submitting Assignments’ on screen.
• Turnitin will also allow you to submit draft versions of your assignments prior to the submission dates. This will allow you to self-test and ensure that there should be no problems with possible plagiarism.

• Do not exceed the word count

Introduction

This paper is an analysis of the strategic risk management strategies adopted by Huawei in its operations. The paper focuses on the identification of the probable risks that the organization faces followed by a discussion of the mitigation strategies. An evaluation of the effectiveness of the mitigation strategies in accomplishing the intended goals is also done.

Company Background Information 

Huawei company is a multinational telecommunication company dealing with the sale of telecommunication equipment, computer devices, and smartphones amongst other technology devices. Since its establishment in the year 1987, the company has grown to become one of the leading manufacturer and seller of electronic devices. From its last financial report, it is evident that the company performs better and has enhanced its competitiveness against other major players such as Samsung and Apple Inc.

Strategic Risk Management

Huawei is a company dealing with the delivery of goods to a wide array of customers. Located in the company is one of the leading technology companies in china that offers direct delivery solutions to both international and domestic customers. The performance of the organization largely depends on how effective the risks are identified and mitigated.

Theoretically, there is either a positive association between the effective management of risk and firm economic gain. According to Wang & Sarkis (2013), a high level of firm risk management performance can either have a positive or negative influence on the profitability of an organization depending on the nature of the approaches adopted in environmental management. The majority of the studies have mainly focused on the determination of the link between the two variables without emphasizing the approaches that need to be implemented for an enterprise to gain a higher level of risk management while maintaining a higher level of profitability. As Porter & Kramer (2011) points out, any enterprise needs to have an effective risk management strategy to comply with the set environmental regulations and policies of the business environment under which it operates. In addition, effective management of the business risks guarantees higher sustainability to the organization. It is also vital that any organization reports a higher level of profitability since it is the primary aim of executing the business