Assessment 1: Individual Report
Assessment 1: Individual Report
IBUS 1000 Managing International Business Risk Report (20%)
Applying the Core Risk and Risk Management Concepts and Theory in International Business
Using a two-part report; in Part A: Discuss the importance and role of the knowledge of risk and risk management in international business.
Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your choice.
In Part B of your report apply Risk Management Framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its externalenvironment.
Briefly outline a strategy to manage the most high impact and highest likelihood risk your chosen company faces.
(Risk management framework 1 is Figure 1: ‘How to prioritize risk’ in ‘The boardroom imperative on internal control’)
Each student needs to submit a report written individually (1500 words + or – 10%).
This assignment has two main purposes. It requires you to:
Apply risk and risk management concepts and theory to the activities of a specific organization; and
Prepare a formal written report.
Assessment Requirements
Using the learning from our module 1 / week 1 folder and workshop and learning Activities:
Identify and discuss the importance and role of the knowledge of risk and risk management in international business.
Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your choice.
Apply risk management framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its external environment.
Outline a strategyto manage the most high impact and highest likelihood risk your chosen company faces.
Use a report format
Step 1 –
Identify and discuss the importance and role of the knowledge of risk and risk management in international business (see the course reading for week 1: The boardroom imperative on internal control)
Step 2 –
Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your choice (refer to the Powerpoint slides for week 1)
Step 3 –
Choose any multinational company and provide a brief overview of the company (its size, profits, number of staff, head office, worldwide office locations, key products and services and general risk characteristics of the industry/sector) (refer to the companywebsite).
Step 4 –
Apply risk management framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its external environment.
Step 5 –
Research the required information to complete Part A and Part B of the report as outlined below. Follow the criteria standards matrix rubric as a guide to your headings and sub- headings. Use a numbering system for headings and sub-headings and all conventions of the report format.
Report format and structure
Read together with ‘IBUS 1000 Sample Report’
Title page (should stand alone on its page)
Executive summary (should stand alone on its page)
Table of contents (should stand alone on its page)
Introduction: It’s advisable to write the introduction last as it overviews each of the areas/sections/sub-heads included in the report. Use future tense in your language, e.g. “This report will…” Remember an introduction should not include theconclusion.
The purpose is to introduce the contents of the report i.e. ‘This report discusses the importance and role of the knowledge of risk and risk management in international business organization…,
…. Introduce the chosen company, its product line and industry/sector, then finally
…. Introduce the elements of the report, and the structure / organisation of the report (For example, section 2 discusses…, section 3 addresses, in section 4, the report makes recommendations, section 5… etc) .
The Core Risk Concepts: 2.1.
Define and describe what risk is, what a risk event is, what risk management is,
2.1.1
Describe the characteristics and features of risk and risk management,
2.1.2
Describe the importance and role of the knowledge of risk and risk management i.e. the benefits and uses of the knowledge of risk management to the company (see the course
reading for week 1: The boardroom imperative on internal control)
Where and how risk management knowledge is used within thecompany
Clearly identify and mention your selected company again.
2.2.1
Identify and describe 4 relevant real world examples of where and how risk management knowledge is used within your selected company, describe its internal company operations where risks arise and where/how such risks are managed.
2.2.2
Briefly describe general internal risks specific to the industry of your selected company (e.g. we all know that a food & beverage company’s fear is the internal risk of contamination whether it is Coca-Cola, Kraft, Nestle or McDonalds).
Risk Identification, Ranking and Prioritization
Using your selected company as an example (directly mention its name again), describe and explain 4 types of risks that the company faces in its external environment and external risks common to the industrial sector in which your chosen company operates.
2.3.1
Focusing on your selected company and the 4 external risks you have identified as impacting your chosen company, apply risk management framework 1 to the 4 external risks identified. Classify and rank them according to the framework.
2.3.2
Briefly discuss why you think each one should fall in the ranking category where you have placed it. Ensure to identify and be clear on the most urgent external risk and explain why.
A: High Impact / High Likelihood B: High Impact / Low Likelihood
C: Low Impact / High Likelihood
D. Low Impact / Low Likelihood
2.4 Recommended Risk Management Strategy:
In this section, outline a strategy to manage the risk with the highest impact and highest likelihood of occurrence that your chosen company faces.
2.5.Summary and Conclusion:
This is a short paragraph reiterating the main issues outlined. Use past tense for this, for example, “This report has outlined…..” or “This report has identified…”. Do not use dot points.
REFERENCE LIST (APA):
Please start on a fresh page (stand alone on its page). You can cite the course readings, the textbook, the company’s website to integrate theory and application as a minimum. Also ensure that you use in-text APA referencing and APA referencing style in your reference list.
RELEVANT APPENDICES IF ANY
Word Limit: (1500 words +/-10%)
We are looking for your abilityto explain things both in theoretical terms and through practical application of the theory to the particular case company.
This is not a data gathering exercise; hence, we are not evaluating your capacity to gather data about the company/ business. However researching the information from week 1 is essential.
You may make assumptions about your selected company where practicable if their website lacks the data you need. Please state any assumptions you make.
Criteria Fail Pass Credit Distinction High Distinction Weighting
%
Introduction & Overview of the Report and the company used. Missing or extremely inadequate. The report is not introduced correctly. There may be some details missing. There may be errors evident. Introduces and describes details of the report and company to the reader in order and in structure with minimal errors. Introduces and describes details of the report in order and in structure and overviews the company very well. Introduces all the details of the report and company very engagingly and comprehensively overviewing the risk management concepts used for evaluation to the
intended audience in a concise manner. 5%
Describe Targeted Framework used for risk evaluation Very poor evaluation of target market. Little to no use of profiling tools. Very incomplete or missing. Some or several elements may be missing or inaccurate and inconsistent.
Target. Description may be incomplete. Satisfactory outline of target company and risk management framework 1.
However mainly descriptive. More required in terms of justification of how the company was profiled. Good outline of target company. Includes justification of some selections and some effort made to profile selected company using correct variables for segmentation. Very comprehensive outline of risk management concepts, risk prioritization framework and company selected that includes justification of each with full explanation 15%
Core Risk and Risk Management Concepts described and evaluated Not performed or very inadequately presented. Attempted although some elements may not be addressed.
There may be some evidence of lack of understanding of concepts. Adequately presented. All elements are addressed. There may be some evidence of lack of understanding of some concepts. Well presented. All elements are addressed. There is evidence of understanding of most concepts. Very good presentation and evaluation of all elements. There is evidence of understanding of all concepts. Solid use of risk framework 1 evident. 35%
Framework 1 Framework 1 Attempted Satisfactory Good description Very good description 35%
described and not provided or although there description and and evaluation of and evaluation of all
used in very may be some evaluation of most most elements of elements of framework
evaluation inadequately missing elements elements of framework. and its value.
understood. and may also be framework 1. May Explanatory detail Comprehensive
some errors of be lacking in satisfactory. Mostly explanatory detail for all
understanding of explanatory detail error free. elements. Error free.
framework and too brief. Some Advanced use of risk
concepts errors may be and risk management
evident. concepts and theories
evident.
Summary and Conclusion Clear reiteration of main issues. This is an expected element of academic reporting. 5%
Criteria Fail Pass Credit Distinction High Distinction Weighting
%
Report Format Suitable structure and headings The report is inconsistent in structure which impedes the interpretation and coherence of the report for the reader. The analysis does not follow a logical or organised structure. The report reflects minimal structure flaws. Information has been organised to convey meaning to the reader.
Titles/Subtitles are included. The report reflects consistent structure. Information is organised and sequenced to convey the intended meaning to the reader Titles/Subtitles are organised and included to assist reading. The report is well structured.
Information is logically organised and sequenced to convey the intended meaning to the reader allowing ease of reading.
Titles/Subtitles chosen influence the report’s consistency. The report is very well structured.
Information is very well organised and sequenced to convey the intended meaning to the reader allowing ease of reading.
Titles/Subtitles chosen enhance the report’s consistency and accuracy. 5%
Format (12pt font, 1.5 spacing, 2.5cm margins) Lack of any formatting elements, or so many format errors as to make report presentation ineffective. Formatting elements often do not support main points; the majority of elements are used consistently. Formatting elements do not always support main points; elements are used consistently throughout Formatting elements are organized, highlight some ideas and are used consistently throughout the report. Formatting elements are organized, highlight ideas as required and are used entirely throughout the report.
Referencing- in-text and Reference List (APA
Style) Insufficient or incorrect citations for many sources, with frequent errors in
format and style. No bibliography or list of cited sources. Most references in- text and List are correctly identified and referenced in
APA format, with errors in format. The majority of references are correctly identified and referenced in
APA format, with minor errors in format. All references in- text and List are cited in APA citation style with
virtually no errors in format. The report correctly cites all sources in- text and list referencing
according to APA citation style with no errors, supporting any
further inquiry required.
Writing – clear, easily read Paragraphs do not identify the main idea. The paragraphs have little relationship to one another. The vocabulary selected is often inappropriate.
The explanation of central concepts and theories are often inaccurate. Lack of consistent fluency and style make reading and comprehension difficult. Most paragraphs are consistent, with one theme running throughout and most transitions enable the reader to easily follow the thread of the report.
Essential vocabulary is chosen for meaning and context with minimal errors.
Explanation of the major concepts and theories has been attempted. The majority of the report is clearly written and can be easily read. The majority of paragraphs are consistent, one theme runs throughout and most transitions enable the reader to easily follow the thread of the report.
The majority of vocabulary has been chosen for suitability in meaning and context. Some major concepts and theories are fully explained. The writing throughout the report is very clear and can be easily read by the intended audience. All paragraphs are consistent; one theme runs throughout and their transitions allow the reader to easily follow the thread of the report.
All vocabulary is chosen for suitable meaning and context. Major concepts and theories are explained. The writing reflects clarity, supporting the report content and audience’s interpretation. All paragraphs are consistent, one theme runs throughout and their transitions allow the reader to easily follow the thread of the report.
All vocabulary is chosen for rich meaning and context. All major concepts and theories are fully explained. The writing reflects clarity, enriches the report and audience’s interpretation.
Language – spelling, grammar, punctuation The report has not been proofread, spell- checked or edited.
The large number of grammar, punctuation, and spelling errors impede the reader’s comprehension of the report. The report has been spell-checked, but several spelling, grammar, and punctuation errors are apparent in the report.
These mistakes do not interfere with The report has editing and spell checking evidence. A few minor mistakes are evident which in no way detract from the report’s content or The report has been edited, spell- checked and proofread, and has minimal errors, All sentences are complete with
grammar and punctuation The report has been edited, spell- checked and proofread, and has no errors. All sentences are complete and
grammatically correct with
the report’s content, comprehension or ease of reading. ease of comprehension. correctly applied punctuation correctly applied.
Required length 1500 words (+/- 10%). The report length is decidedly outside the suggested requirement and can impede the readers’ interest or comprehension. The report length is minimally outside the suggested requirement but does not impact reading. The report length is within the allotted requirement. The report length is within the allotted requirement The report length is within the allotted requirement.
Total 100%
