University Of West London
The correct data sets and variables can be developed through following the technique of data science.
Innovative ideas and thoughts considered under the decision-making process of the business helps firm to foster greater profitability.
Microsoft Corporation is an American multinational technology corporation that deals in product including computer software, consumer electronics and related technology services.
Microsoft Corporation has divisions for various products. Divisions based on certain components of computer hardware and software as well as organisational outputs are included in this organisational structure. Microsoft's impressive level of success on a worldwide scale has been greatly influenced by the cutting-edge technical advancements they have developed over the years. They are largely acknowledged as some of the greatest business software.
The decision-making models, including the Vroom-Yetton-Jago model and the Synergistic Decision-Making Model, are the key topics that are studied. It also acknowledges the research that goes into each new item or service. This paper also examines the company's usage of data science and business intelligence, as well as their difficulties.
|ID||Risk description||Likelihood of the risk||Impact of the risk||Probability level||Owner|
|R3||Business strategy failure||5||9||25||CEO|
|R4||High bargaining power of suppliers||5||6||16||CEO|
The risk management analysis for the Microsoft Corporation is provided through developing a risk register as illustrated in the above slide. The risk register include elements; Risk ID, Risk description, Likelihood of the risk, Impact of the risk, probability of risk and owner. The risk ID tells provides recognition to the risk number that can be easily identified when discussed during the meeting on the company. The risk description tells about the potential risk factors affecting the specific organisation. The Likelihood of the risk, Impact of the risk, probability of risk and owner elements tells about probability of risk appearing, impact of that particular risk to the organisation and ownership within the department workforce of that particular risk.
To undertake damage controlling measures.
To facilitate effective change management strategies.
To determine effective use of business resources that increases business productivity in the long-term.
To attain a competitive position within the business environment.
The Microsoft Corporation should consider the risk analysis as it helps the Leadership Management system to determine productive measures of operations. The risk analysis would help the management team within the workforce to guide profitability through ensuring effective resource management.
Various risk being analysed within the risk registered formulated for the respective organisation that is Microsoft Corporation have direct impact on the operational working of the business firm. From the above risk matrix analysis, the business strategy failure with risk ID R3 will have crucial impact. The respective risk can be resultant of failure of business innovation as due to higher dependency on technology use by the business firm. The derived model by the respective firm needs high cost maintenance which can become out-dated in the long run.
|Risk||Impact||Current Plan – Strategy & Recommendation|
|R1: Political instability||The business strategy working principle needs to be revised as per changed political law.||Drawing flexible planning and reporting structure.|
|R2: Environmental issues||The activity or operation performed by business can contradicted by environment safety agency.||Focusing more on sustainable standards of technology innovation and production.|
|R3: Business strategy failure||The possible impact on profitability of the business.||The development of appropriate business strategy with ground researches and strong legal documents|
|R4: High bargaining power of suppliers||Lower margins of profit to the business.||Keeping backup for each major supplier of materials to the business|
|R5: Customer privacy||Losing brand loyalty||Undertake high investment to ensure greater customer privacy|
The planning strategy adopted at the Microsoft Corporation can be useful for the business leaders to draw recommended course of actions for the business firm. The higher threat caused to the firm due to the risk factors can be reduced through undertaking the risk planning approach.
The use of advanced analytics and a threat performance assessment methodology can aid Microsoft in gaining a competitive edge and long-term reliability.
Big data may be used to monitor the success of implemented mitigation solutions.
Data analytics is used to assess how well a mitigation strategy has been implemented.
By combining internal and external data, new hazards that are latent in nature may now be identified thanks to the development of big data.
Analytical models may be used to detect risks, evaluate their financial effect, and build frameworks that balance the economic and strategic implications for the firm. This allows the company to reduce and control these risks.
The Benchmarking process enables Microsoft’s business operation to provide scale within the long terms of operational marketplace.
According to McMillan, (2023), Microsoft releases Web-serving benchmarking results that shows Linux towards the lower scale.
The windows system introduced by Microsoft lags behind the innovative technology used at Linus.
The technique helps the respective company to determine success within the competitive environment. Furthermore, business leaders can implement effective controlling operations through application of the framework.
Privacy is one of the most significant problems since they are just a commodity as a service that is provided to clients directly.
Companies that are unable to eliminate may also be part of teams. Every member of the group will take over as admin once they leave.
Microsoft has a lot of concerns about external sharing.
Both people who have and do not possess connection to a Microsoft account find it very difficult to use the sharing drive.
Microsoft Corporation's business model is reliant on the performance of its partners and clients. Knowledge management, restoration, and the fortitude to face our own stuck attitudes are all part of this discipline.
Despite some spectacular early success, Microsoft found it incredibly difficult to compete in the new technology after being so successful in an older one.
Microsoft needs to be vigilant and keep building on its advantages in order to maintain its level of competitiveness in the fiercely competitive sector.
To assist leaders in deciding when, how, and how much to include the management throughout the process, decision-making models have been developed.
In order to keep up its level of competitiveness in the intensely competitive industry, Microsoft must be watchful and continue to build on its advantages. Decision-making models have been created to help leaders decide when, how, and how much to include the Business Management along the process.
The financial warning from Microsoft being most valuable publicly traded companies throughout the world was reported by Karen Weise (Weise, 2020).
The company recorded lower sales during the pandemic time being working under a cloud computing platforms.
The inventory management system created problem due to lack of WC availability and led to business strategy failure.
The above slide depicts the challenge of lack of finance availability by the company during the pandemic times. The issue led to business strategy failure and gradually affected the sales of the business firm.
Being provided in the Financial Times, (2008), Microsoft marketing team was reported under an issue to address the customer attraction points.
The company failed to seek attention of consumers for their product and service delivery model.
The respective company was not able to compete within the marketing terms of operations. The challenge led to lowering the competitiveness of the business firm although with good efforts on the innovation technology derived product produced within the marketplace.
The presentation provides risk identification, risk planning, impact analysis and mitigation of risk to the respective organisation.
The innovative business based on technology operations seems to deal with higher risk of business model failure.
The business leaders through adopting risk planning approaches and ensure profitability and long term productivity of the business firm.
The business organisation by considering risk planning approaches can ensure productivity throughout the uncertain business environment. The framework of benchmarking enable business leaders to ascertain the competitiveness of the corporate firm within the business environment.
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