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Visage Case Study

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All problems have a solution, and every solution comes with risk. Risks are something that cannot be ignored and are unavoidable for a business. Although, some risks are necessary for a business to keep up with the needs of customers. Small businesses are always battling to keep customers and are looking for ways to be different. This can be done through taking the needed risks. Visage is a small business that is constantly taking risks to stay in business. There are different types of risks, some small and other risks that are large and could potentially derail a small business. Visage has solutions to their problems but needs to conduct a risk analysis on the solutions to see if the risks are worth taking.
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The next step involves fully understanding that the solution will include risk. There are times when the solution may cause more harm than good to a business. Visage has possible solutions to the problems that are effecting their business. Visage need to make a choice to either accept the possible risks or find another solution to their problems. The first proposed solution is for their employees to work as a team and bring together their creative ideas towards the visions and goals of Visage. The second proposed solution is to start regularly conducting employee counseling. These solutions are good but they carry risks that needs to be analyzed to make sure that the right approach is being taken for …show more content…

Visage could select the manager or even a regular employee to oversee the possible risks and give them the right steps to recover if the risk fails. The fourth step is to determine controls that would reduce the potential risk (2017). Visage must ensure they implement controls, some controls maybe building a standard operating procedure for the new manager to build upon. This will allow workers to feel involved in the changed. Step five and final step and is to review the risk periodically (2017). Reviewing the risks should be done every time something new happens or any new changes takes place (2017). Visage should consider analyzing their risks regularly because they are always making changes that could have big risks involved. Taking these steps does not mean that risks are gone completely, but it does give the knowledge of potential

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