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Risk Profiling Of Hazards Due To Operation of Autoplast Ltd - Essay Example

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This essay explores the risk profiling of hazards due to the operation of AutoPlast Ltd. The researcher considers each of the categories of risk separately for AutoPlast Ltd.(political, economic, social, technological, legal, environmental, and competitive)…
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Risk Profiling Of Hazards Due To Operation of Autoplast Ltd
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Download file to see previous pages This paper illustrates that considering the present scenario of chemical leakage from the storage plant of AutoPlast Ltd. and contamination of water of River Cruze and subsequent outbreak of fire leading to the health problem of the surrounding housing estates, village and fish market, there is a dominant upheaval from the local community against the operation of AutoPlast Ltd. It is evident that there would be political intervention due to mismatch and fulfillment of interest of the political parties leading to several agitations and discussion between the management of AutoPlast Ltd. and the political entities. Political intervention would lead to the demand of hefty compensations for the health-affected people and any disagreement on mutual points would lead to unplanned expenditures of the company that is likely to affect the profit margin of AutoPlast Ltd. Although AutoPlast Ltd. is considered to be a major player in the local economy employing several local people surrounding the river Cruze, the present scenario of fire outbreak due to the operations of the company leading to respiratory and health issues of local mass would generate a sense of disloyalty and hatred towards the brand of AutoPlast Ltd. and hence they would have a tendency to reject its products leading to the fall in production and price of AutoPlast Ltd. Thus, the economic risk of AutoPlast Ltd. in the present scenario needs to deal with in a strategic manner by the management of the company. Considering the present scenario of AutoPlast Ltd., the society has shown some tolerance to the company as it employs a majority of the workers in the local community. But considering the extent of damage in terms of life and death and the psychological impact on the society due to the presence of stimulants, the extent of risk that AutoPlast Ltd. is going to bear in terms of goodwill and subsequent volume and value of sales is considerable. ...Download file to see next pagesRead More
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