Triumph Motorcycles Ltd is a competitor in the global motorcycle industry. It faces great competition from Japanese manufacturers and from Harley Davidson of the USA.
The company is one of the UK’s largest private companies and has an annual turnover in excess of £300 million
You are required to read the case study, concerning Triumph Motorcycles Ltd, which you will find on the next attached file and also to research widely, in order to provide a response to the following tasks:
Using your knowledge of Risk Management, you are required to systematically approach the following tasks:
1. Identify, using appropriate models/classifications, the major risks that face Triumph Motorcycles Ltd within the foreseeable future. It should be remembered that the identified ‘risks’ may present opportunities or threats/hazards. You should ensure that you present well-researched and well-referenced evidence. (You are expected to present a good deal of research – at least 20 references in addition to those from the case study. Make sure that you number the risks and that these same risks appear in an ordered fashion in Task 2). (1000 words)
2. Formulate strategies for taking advantage of the opportunities, or strategies for controlling the identified threats that you have discussed in Task 1. These strategies should be specific to Triumph Motorcycles Ltd and should address each issue that you have highlighted above. (1000 words)