assignment 3 risk management plan

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10-3 Risk Management Plan Project

User Generated

lbfuvqvnzbaq1982

Business Finance

Southern New Hampshire University

Description

Included in the upload is Phase III of the Risk Management Plan Project.

Here is an outline which I created in order to help you in composing your final project. Please be sure to read through the Milestone Tip Sheet in conjunction with the Rubric/Instructions and prior feedback in order to have the best chances for successful completion of the project. The document titled "Developing a Risk Management Plan" is also attached and for your use. This document offers additional insights into what sort of content might be expected in a Risk Management Plan for integration into your project, as appropriate.

As a reminder, this project is slightly different than ones you may have completed in other courses in that it is not a compilation of your prior works. You must use what you learned in the prior assignments to create a Risk Management Plan for a real or fictitious organization. Make sure to look over the Phase III template as well as the Developing a Risk Management. Please let me know if you need anything else.

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Explanation & Answer

Here you go. Introduction to Amazon.com, Inc. I. II. Legal Compliance Risk Mitigation III. Public Relations - Societal IV. Public Relations – Cultural V. Public Relations - Political VI. VII. VIII. IX. X. Trends - Health Trends - Safety/Security Identification of Employment Laws Employment Law Compliance References Running head: RISK MANAGEMENT PLAN PHASE III Risk management plan phase III OL-645-X0000 Law Ethics & Politics in HR STUDENT NAME INSTRUCTOR DATE 1 RISK MANAGEMENT PLAN PHASE III 2 Introduction to Amazon.com, Inc. The organization I will discuss is Amazon.com, Inc. This is an American multinational technology company that has been in business for the last 26 years (Wittekind, 2013). It was founded on July 5, 1994, by Jeff Bezos and is currently based in Seattle, Washington. Amazon is in the retail industry selling many items directly or acting as a middleman between the retailers and its millions of customers (Robinson, 2010). The company focuses on e-commerce, digital streaming, cloud computing, and artificial intelligence. It is popular for its internet-based retail business selling several items that include books, electronics, housewares, movies, toys, music among other items. As of 2020, the total number of employees at Amazon was 1,298,000 both locally and internationally. Its Web services business involves the renting of data storage and computing facilities, such as the "cloud computing" over the Internet. The huge online presence is such that the amount of traffic via Amazon servers make up an estimated 1% of all Internet traffic across North America, and about 2% of all traffic worldwide (Robinson, 2010). Additionally, the company's Kindle electronic readers win numerous awards in the industry. E-books have become popular since the introduction of the Kindle. This was later followed by the promotional efforts of Amazon.com, which led to a drastic increase in the number of e-book books sold on their platform. The organization employs more than 800,000 people in the US alone, working both full- and part-time workers across the 40 states. As of October 2020, the company added 427,300 workers, according to a report by the New York Times. Amazon has been recruiting about 1,400 employees a day. Employees receive a minimum wage of $15 an hour plus other benefits like health insurance, parental leave, and retirement benefits. Amazon has recently been embroiled in several issues that would easily jeopardize the reputation of the company. It has been mentioned to be one of the companies that makes a lot of profit but pays no federal tax. It received a $129 million tax rebate which stemmed from RISK MANAGEMENT PLAN PHASE III 3 the tax cuts in 2017 and carries forward losses when the company was not making profits (Neate, 2021). Some of these issues include its application of facial recognition technology, the welfare of its delivery drivers and constant supervision of warehouse employees, violation of children protection rules in its talking speakers, whether it reduces prices at its Whole Foods, and issues of privacy from its subsidiary Ring doorbell-cameras. In 2020, Amazon was involved in a Twitter confrontation with Senator Elizabeth Warren. Senator Warren was advocating for the splitting up of the company. There were rumors that the company does its layoffs of warehouse staff via its app, as well as the claims that it fired some of its staff because they were pregnant. It started accepting cash due to the fear of discrimination from the digital payment stores while resolving claims that workers listen to the recordings of Echo devices. There was also a time when Amazon agreed not to build their headquarters in New York City when state and local lawmakers deemed the corporation so toxic should not host a major economic stimulus (Redfearn, 2019). However, according to Amazon, it's been having an incredible blow out at loading up on the products before a holiday shopping season, but Wal-Mart is still the dominant global player in traditional retailing. Even so, Amazon still faces high competition from Walmart. the company has the worst environmental rating. When we reviewed Amazon's sustainability report from July 2019, we found they provide no details on the impacts of their electronic related goods, and because of the use of textiles in their apparel, we did not consider Amazon to have shown proof of a fair understanding of the key impacts of their electronic products. Other historical risk issues that the company has faced include competition, tax avoidance, global expansion, ethical issues especially the protection of the environment, and privacy of its clients. The current risk issues that the company faces growth concerns, antitrust matters, profit uncertainty, data protection, increased shipping costs, extra staffing, RISK MANAGEMENT PLAN PHASE III 4 business licensing across borders, net neutrality and access to the internet, risk of site crash due to increased traffic among other risk factors Legal Compliance The current risk of Amazon's legal compliance concerning the board of directors is big and needs to be addressed immediately. The board of directors needs to come up with ethical measures that will address issues of employee welfare at the workplace. Some of these measures will involve looking at the minimum wages of the delivery drivers, professionally handling layoffs instead of firing employees through the company's approving benefits to employees who work extr...

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Assignment : Risk Management Plan

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