Risk Management Assignment: Calculating Risk Exposures of Woolworth's

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GOVERNANCE, ETHICS AND SUSTAINABILITY 1. Introduction In an organisation, it is very necessary to effectively analyse the different types of risks time to time that can impact the organisation in a negative manner. This risk management assignment effectively focuses on the calculation of risk exposures that play a very influential part in organisational operations. In order to understand the importance of calculation of risk exposure beforehand, an organisation named Woolworths have been selected in this risk management assignment. Woolworths is considered to be the retail giant in Australian retail sector. It is the owner of the maximum market share in the Australian retail sector.

2. Findings

2.0 Risk Exposure There is an effective need to calculate the risks that are associated with the growth, culture and management of information within Woolworths. As influenced by the idea of Sacks et al. (2016) referred in this risk management assignment, it can be stated that risk exposure calculator is an effective tools, whose results are directional. It has been observed that this calculation effectively aids in the process of letting the management have knowledge of the company’s falling in a specific risk zone. In the viewpoint of Laetz et al. (2018), there are three zones that are considered after the calculation of the risks in all the categories considered under the risk exposure calculation.

2.1 Pressure points due to growth

2.1.1 Pressure for performance In the context of Woolworths, it can be stated that there are many factors that effectively influences the performance within the organisation. As influenced by the idea of Brancato et al. (2017), it can be stated that in Australian retail sector, the emerging organisations like Aldi and Coles are providing stiff competition to the organisations like Woolworths and Wesfarmers. There is a requirement of effectively increasing the rate of performance. Currently, the organisation has highly concentrated on the increased production in order to


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