[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-detail-180532-en":59,"doc-seo-180532-105":81},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":5,"data":60},{"doc_id":61,"user_id":62,"nickname":63,"user_avatar":64,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":66,"doc_content":67,"file_id":68,"file_url":69,"file_type":70,"file_size":71,"view_count":29,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":72,"language":73,"language_code":74,"site_id":75,"html_lang":74,"table_of_contents":76,"faqs":77,"seo_title":78,"seo_description":66,"update_tm":79,"read_time":80},180532,8796095461610,"Oliver","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Managing Opportunities and Risks","This document outlines a framework for managing both opportunities and risks within an organization, emphasizing a proactive and strategic approach. It details a systematic process that begins with event identification, progresses through risk assessment and determination of acceptable risk/reward ratios, and culminates in control activities, information dissemination, and ongoing monitoring. The document provides practical examples across various risk types, including Social Risk, Human Resources Risk, Innovation Risk, and Business Continuity Risk. For instance, it illustrates how companies like McDonald's and Southern Company have successfully navigated risks by developing innovative products for healthier eating and implementing flexible retention strategies for aging workforces, respectively. Toyota's early development of the Prius hybrid car serves as an example of proactively addressing the risk of diminishing demand for core products, while Wal-Mart's lobbying for increased minimum wage demonstrates a strategy to ensure ongoing consumption in existing markets. The core objective is to transform potential threats into strategic advantages and to capitalize on emerging opportunities, ensuring long-term business resilience and growth through effective risk governance and the strategic pursuit of innovation.","| \u003Cbr>3   Risk Response   | 1 Event Identification\u003Cbr>\u003Cbr>2 Risk Assessment\u003Cbr>\u003Cbr>\u003Cbr>Is Risk/Reward\u003Cbr>\u003Cbr>Acceptable?\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>\u003Cbr>4 Control Activities\u003Cbr>\u003Cbr>5 Information & Communication\u003Cbr>\u003Cbr>6 Monitoring |\n| --- | --- |\n\n\n| RiskType | Risk | Opportunity | Example |\n| --- | --- | --- | --- |\n| Social Risk | Obesity litigation | Develop new products for healthier eating. | McDonald’s innovates to provide sliced apples, treated with natural product to ensure freshness, in Happy Meals. Creates more appealing saladsand partners with Newman’s Own to provide high quality salad dressing. |\n| Human\u003Cbr>Resources Risk | Aging Workforce | Develop creative solutions to retaining retirement-age workers in more flexible positions. | Southern Company, the large power company, devises a “Retirement Reservist Pool” to allow an aging workforce to transition into retirement over time and still provide expertise to the company on a part-time basis, thus retaining institutional memory. |\n| Innovation Risk | Demand for core\u003Cbr>product diminishes | Project 10-20 years into the future and think about where the industry is headed; compete in advance. | Toyota develops Prius hybrid gas-electric car years before competition. GE develops a variety of energy efficient appliances including water-saving washing machines and high efficiency light bulbs. |\n| Business\u003Cbr>Continuity Risk | Market gets saturated | Ensure ongoing and increasing consumption in existing markets if cannot expand to other markets. | Wal-Mart lobbies for increased Federal Minimum Wage to boost disposable income of rural Americans, its core market, and ensure continued success. |","cbCaibo4xPg7O1an","https://ap.wps.com/l/cbCaibo4xPg7O1an","pdf",619658,39,"English","en",105,"# Risk Management Framework\n## 1 Event Identification\n## 2 Risk Assessment\n## 3 Risk/Reward Acceptability\n## 4 Control Activities\n## 5 Information & Communication\n## 6 Monitoring\n\n# Risk Types and Examples\n## Social Risk\n## Human Resources Risk\n## Innovation Risk\n## Business Continuity Risk","[{\"question\":\"What are the key stages in the risk management process outlined in the document?\",\"answer\":\"The key stages include Event Identification, Risk Assessment, determining if the Risk/Reward is Acceptable, Control Activities, Information \\u0026 Communication, and Monitoring.\"},{\"question\":\"How can businesses address the risk of an aging workforce?\",\"answer\":\"Businesses can develop creative solutions like flexible positions for retirement-age workers or establish 'Retention Reservist Pools' to retain expertise on a part-time basis, as exemplified by Southern Company.\"},{\"question\":\"What strategies can companies use to combat the risk of diminishing demand for core products?\",\"answer\":\"Companies can project future industry trends and compete in advance by developing innovative products, such as Toyota's development of the Prius hybrid car.\"}]","Managing Opportunities and Risks | PDF",1788341099,98,{"code":4,"msg":82,"data":83},"ok",{"site_id":75,"language":74,"slug":84,"title":65,"keywords":85,"description":66,"schema_data":86,"social_meta":140,"head_meta":142,"extra_data":144,"updated_unix":79},"managing-opportunities-and-risks","",{"@graph":87,"@context":139},[88,102,122],{"@type":89,"itemListElement":90},"BreadcrumbList",[91,95,97,100],{"item":92,"name":93,"@type":94,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":96,"name":9,"@type":94,"position":14},"https://docshare.wps.com/document/",{"item":98,"name":40,"@type":94,"position":99},"https://docshare.wps.com/document/research-report/",3,{"item":101,"name":65,"@type":94,"position":19},"https://docshare.wps.com/document/managing-opportunities-and-risks/180532/",{"url":101,"name":65,"@type":103,"image":104,"author":109,"headline":65,"publisher":111,"fileFormat":114,"inLanguage":74,"description":66,"dateModified":115,"datePublished":116,"encodingFormat":114,"isAccessibleForFree":117,"interactionStatistic":118},"DigitalDocument",{"url":105,"@type":106,"width":107,"height":108},"https://docshare.wps.com/thumbnails/managing-opportunities-and-risks/180532.png","ImageObject",300,407,{"name":63,"@type":110},"Person",{"url":92,"name":112,"@type":113},"DocShare","Organization","application/pdf","2026-10-09","2026-09-02",true,{"@type":119,"interactionType":120,"userInteractionCount":29},"InteractionCounter",{"@type":121},"ViewAction",{"@type":123,"mainEntity":124},"FAQPage",[125,131,135],{"name":126,"@type":127,"acceptedAnswer":128},"What are the key stages in the risk management process outlined in the document?","Question",{"text":129,"@type":130},"The key stages include Event Identification, Risk Assessment, determining if the Risk/Reward is Acceptable, Control Activities, Information & Communication, and Monitoring.","Answer",{"name":132,"@type":127,"acceptedAnswer":133},"How can businesses address the risk of an aging workforce?",{"text":134,"@type":130},"Businesses can develop creative solutions like flexible positions for retirement-age workers or establish 'Retention Reservist Pools' to retain expertise on a part-time basis, as exemplified by Southern Company.",{"name":136,"@type":127,"acceptedAnswer":137},"What strategies can companies use to combat the risk of diminishing demand for core products?",{"text":138,"@type":130},"Companies can project future industry trends and compete in advance by developing innovative products, such as Toyota's development of the Prius hybrid car.","https://schema.org",{"og:url":101,"og:type":141,"og:title":65,"og:site_name":112,"og:description":66},"article",{"robots":143,"canonical":101},"index,follow",{"doc_id":61,"site_id":75}]