Dear Huzeifa,
Please find below Risks identified by four members. Will continue to send you as we receive it from others.
Thank you for your partnership,
nitesh
Abbas Gabajiwala - List of Risks - Zephyr Toymakers.
1. Dependency on small second level team.
2. New competitors with money.
3. Dependencies on critical suppliers. (Unable to find alternatives)
4. Data breach/loss
5. Dependency on IT partner. (Website, data and systems)
6. Disruptive businesses and technologies.
7. Complex production process could lead to serious production breakdown.
8. Policy changes leading to lack of raw materials.
Raahil Dhruva: Following are the list of potential risks that MQ needs to assess and mitigate for FY 2019-20 :-
1. Collection Risk / Revenue Leakage
2. Differential Value Proposition Risk
3. Retention of Schools & Employees
4. Dependency on Outliers / One Customer / One Group of Customers
5. Legislative Changes Risk
6. Internal MQ Negligence
7. Intellectual Property Risk
8. Change in Decision Making Personnel
9. MQ Assets being retained directly by customers
10. Future Business Assumption Risk
Nitesh Mehta – Following are the risks Newreka has:
1. Raw Material Sourcing risk – dependency on 1 raw material supplier
2. Leak of information related to proprietary formulations/technology
3. Dependency on job workers for production
4. Dependency on one large customer
5. Collection/Recovery Risk
6. Dependency on Founders (on Bhadresh for R&D and on Nitesh for Business Dev.)
7. Uncertainty of market (at customer’s end) - sourcing from China, change in technology, product obsolete, management change, etc
8. Structured projection of future business/sales – based on R&D, many other external factors
9. Dependency on 2 platform technologies – limited portfolio of technologies in our basket
10. Business model of investing own resources on technology – customer no longer interest, moved on, dropped product, etc.
Harin Sheth - please note the 10 risks for seen by me in my daily operations at Sheth Publications:
1. Cash management
2. Stock , syllabus changes, reprints, high cost of production
3. Customers Mangement, high discounts, and long credits, require higher amounts of working capital
4. Hr Mangement, labour cost
5. Compliance , strictly planning and policies are not followed and things are taken granted for
6. Senior staff , not adhering to rules and regulations
7. Fear of losing the Buisiness from the senior staff , if we get strict with them
8. New disruptions, digital education challenges,and fast movement of the new technologies and demand from the customers,
9. Very large.startup based companies competing for the same market , creating disturbances and maintaining the old clients becoming difficult
10. Heavy loans, repayments pending and with assets market values looking bleak
That’s all , hope I have understood risk management? I have a feeling ?i have only put out my challenges ?
Dear TG Members,
As shared by Huzeifa, please do the homework for our KG session to derive maximum value for our businesses.
Thank you and look forward to a great session on Saturday,
nitesh
From: 212de...@googlegroups.com <212de...@googlegroups.com> On Behalf Of huzeifa...@jhsassociates.in
Sent: 08 August 2019 00:07
To: nitesh...@newreka.co.in
Cc: '212 Degrees' <212De...@googlegroups.com>; '212 Degrees Ascent' <21...@googlegroups.com>
Subject: RE: List of Risks - Abbas, Raahil, Nitesh and Harin bhai
Hi Nitesh
Thanks for sharing the risks identified by yourself and other colleagues in our group. I have developed two examples for your business and would request all our group members to develop two similar examples for the risks identified by them on similar lines as I have prepared for you. This will help in our discussions and it would make this exercise more meaningful.
The examples elaborated by me (enclosed) have a common thread across risks identified by yourself, Raahil and Abbas viz. Vendor dependencies and collection risk.
I hope I have understood your risk profiles correctly and trust you find the example useful.
Regards
Huzeifa
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