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Write a 2 page essay on Critical Risks Assessment and Milestones Schedule.1). In this regard, the critical risk assessment and milestones schedule for Dr. McDougall’s would encompass the following:
Write a 2 page essay on Critical Risks Assessment and Milestones Schedule.
1). In this regard, the critical risk assessment and milestones schedule for Dr. McDougall’s would encompass the following: (1) a SWOT analysis. (2) an identification of the contingency plans. and (3) a description of the preferred timing and objectives of your business plan.
The strengths of the organization were identified in products they offer using all natural ingredients,
are easy to prepare, and are consistent with the needs and requirements of health conscious people who are always on the go. The use of product ingredients and packaging that comply with standards imposed by environmental advocates increase the competitive advantage of the company over other producers in the industry.
The weaknesses were identified in the need to offer diverse and new product variances that would cater to a wider market base. Further, the costs of all natural ingredients are relatively higher and more suppliers need to be solicited to ensure a steady supply at the least possible cost.
There are vast opportunities facing Dr. McDougall’s ranging from producing other product variants to cater to diverse ethnic and cultural groups. Further, with the government’s thrust of focusing on organic products and the use of healthier ingredients, there is an expected increase in demand, both in the local and international markets. On the other hand, the threats come in terms of increasing competition and substitutes due to the lure of profits and high demand for healthy food products that are easy to prepare, buy and consume. The Porter’s Five Forces Analyses provide ample information on the organization’s threats and even bargaining powers of both suppliers and buyers that influence their current and future operations.
To address the weaknesses and threats, Dr. McDougall’s should solicit alternative sources of natural ingredients to extend the scope
