Jit2 Task A Risk Register
Jit2 Task
JIT2 Task (A)
Risk Management Register:
Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* |
Macroeconomics Risks | Economic downturn could pose risk to sales development. | Accounting Team/Sales Team | Poor economy, not enough jobs, people not purchasing as much | High | High | Low |
Consumer Demand Risks | Not being able to respond to consumer wants/demands quickly enough, leading to short-term revenue loss | Marketing Team | Consumer interests change, other companies offer newer/better product | Medium | Medium | Medium |
Industry Consolidation Risks (bargaining power) | Decreased bargaining power, price wars, inflated discounts, limited space within retailers | Sourcing, Pricing, Marketing and General Counsel Legal Teams | Market consolidation and strategic alliances | High | Medium | Medium |
Political and Regulatory Risks | Trade policies | Government Relations Team/General Counsel Legal Team | Restrictions on importing and tariffs that disrupt free flow of goods | Medium | Medium | Low |
Legal Risks | Patents and third-party trademark infringement- must be careful not to raise concern for risk when creating and marketing new products | General Counsel Legal Team | Many competitors in same business marketing similar products | Low | Medium | High |
Product Counterfeiting and Imitation Risks | Other vendors stealing logos and designs and portraying their imitation products as original | Product Branding Team/General Counsel Legal Team | Brand and design theft | High | Low | Medium |
Social and Environmental Risks | The company’s responsibilities to their employees, vendors and the environment in which they provide | Operations and Regulatory Teams | Safety/Prevention | Low | Low | High |
Natural Risks (Natural Disasters, Epidemics, Accidents) | Natural disasters (tornado, flood, hurricane, etc.), fires and accidents | Disaster Relief Team | Uncontrollable circumstances, weather,
JIT2 Task (A)
Risk Management Register:
Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* |
Macroeconomics Risks | Economic downturn could pose risk to sales development. | Accounting Team/Sales Team | Poor economy, not enough jobs, people not purchasing as much | High | High | Low |
Consumer Demand Risks | Not being able to respond to consumer wants/demands quickly enough, leading to short-term revenue loss | Marketing Team | Consumer interests change, other companies offer newer/better product | Medium | Medium | Medium |
Industry Consolidation Risks (bargaining power) | Decreased bargaining power, price wars, inflated discounts, limited space within retailers | Sourcing, Pricing, Marketing and General Counsel Legal Teams | Market consolidation and strategic alliances | High | Medium | Medium |
Political and Regulatory Risks | Trade policies | Government Relations Team/General Counsel Legal Team | Restrictions on importing and tariffs that disrupt free flow of goods | Medium | Medium | Low |
Legal Risks | Patents and third-party trademark infringement- must be careful not to raise concern for risk when creating and marketing new products | General Counsel Legal Team | Many competitors in same business marketing similar products | Low | Medium | High |
Product Counterfeiting and Imitation Risks | Other vendors stealing logos and designs and portraying their imitation products as original | Product Branding Team/General Counsel Legal Team | Brand and design theft | High | Low | Medium |
Social and Environmental Risks | The company’s responsibilities to their employees, vendors and the environment in which they provide | Operations and Regulatory Teams | Safety/Prevention | Low | Low | High |
Natural Risks (Natural Disasters, Epidemics, Accidents) | Natural disasters (tornado, flood, hurricane, etc.), fires and accidents | Disaster Relief Team | Uncontrollable circumstances, weather,
References: Adidas Group, adidas Group History, August 7th, 2012 retrieved November 8, 2012 from http://www.adidas-group.com/en/ourgroup/history/history.aspx Adidas Group, External and Industry Risks, March 10, 2012 retrieved November 4, 2012 from http://www.adidas-group.com/en/investorrelations/corporate_governance/risk_management/risks_external/default.aspx Investopedia 2012 retrieved November 6, 2012 from http://www.investopedia.com/terms/r/riskmanagement.asp#axzz2F92yTJ3W Merna, Tony and Al-Thani, Faisal F., Corporate Risk Management, 2008 retrieved November 7, 2012 from http://site.ebrary.com/lib/westerngovernors/docDetail.action?docID=10300854&page=27