ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Business Management => Topic started by: Porta22 on September 11, 2016, 07:43:41 pm

Title: High Risk and Low Risk Strategies
Post by: Porta22 on September 11, 2016, 07:43:41 pm

How would you define high risk and low risk strategies?  I cannot seem to find a simple definition defining each one.

Title: Re: High Risk and Low Risk Strategies
Post by: MsBanks on September 11, 2016, 09:04:16 pm

High Risk Strategies are methods of introdcing change that are likely to be resisted by employees and other stakeholders (E.g. Manipulation, Threats) whereas, Low Risk Strategies are methods of introducing change that are likely to be well accepted with little resistance (E.g. Training)

Hope this helps! :)

Title: Re: High Risk and Low Risk Strategies
Post by: Porta22 on September 12, 2016, 08:19:54 pm

Thanks :)

Title: Re: High Risk and Low Risk Strategies
Post by: ffs1234 on September 14, 2016, 01:23:55 am

To add to MsBanks answer, a low risk strategy to implementing change involves a participative approach, use of communication, negotiation, teamwork and employee empowerment. It will more likely succeed in the long term and does not really have severe consequences if it fails like high risk strategies do.

high risk strategies to implement change involve an autocratic approach, use of forces, threats, coercion and manipulation.

Title: Re: High Risk and Low Risk Strategies
Post by: duniba on June 02, 2017, 12:31:05 am

Hi,
Regarding low risk strategies, they are more longer term solutions to managing change, as they ensure a positive corporate culture and environment.
On the other hand, high risk strategies are short term solutions, used when there are time constraints. They are likely to deter staff morale and result in longer term problems, such as increased industrial action .