Risk Analysis

Every program has risks associated with it. This week, I want you to review your idea and provide a risk analysis. What are the potential risks involved with this program, and what processes can be put in place to manage these risks? One specific risk that I want you to discuss is related to cultural differences. Please assume that your company is a multinational corporation…will this program work in all areas of the business? If not, how can it be adapted for the other country/countries involved? This does not need to be written as a formal research paper, but all research provided does need to be cited in APA format. You may write in the first person because you are presenting your own ideas. You do not need to provide an abstract, but you do need an APA formatted title page and reference page. Your paper should be a minimum of 2 pages (approx. 700 words) not including the title and reference.

20180308184817whitmore_mgmt311_cost_benefit_analysis

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Introduction
Failure of multinationals is a common feature in today’s globalized market. Many companies are finding it hard to succeed in the foreign markets because of their inability to understand and incorporate local cultures in their operations. Businesses do not work the same in all countries and culture, and one should appreciate the effect of cultural differences on a business and make necessary adjustments to the business model to suit the local culture.

(911 words)