Question

A report outlining the risks of closing a chain of retail stores and moving the entire business online.

The exercise asks you to identify the report type which is appropriate, and to write a brief paragraph about each explaining who the audience is likely to be, what type of data would be used, and whether conclusions and recommendations would be appropriate.

Answer 1

Report:

The risks are associated with the business either physical or online business. When the business was the physical then it may face the certain types of risks are as follows:

1. Technology oriented Risk
2. Disaster related risk
3. Security of the business risk
4. Expansion of the business risk
5. Operational risk
6. Physical maintenance of data risk and many more

When the chain of retail stores closed and moving the entire business online this leads to the compatibility of the business operation which is a kind of operational risk associated with the business. Learning the technological changes takes time which impacted on the revenue of the business. The declining in the sales figure would be a kind of financial risk associated with the business.

Report Type:

The report type which is essential is the financial report type as which discloses all the figures of the business. This actually clearly states that changes in the figure s when we operate the business. It gives the comparison of the business with the past business data.

Audience: The Audience here is the customers of the business as they use the business process. They purchase the product from the physical retail shops. There are set of stakeholders who also here the audiences of the business as they are the investors of the business. They enhance the values of the business. The wholesaler and the distributors are also the Audience of the business as they provide the product availability to the retailing stores. Government is also the audience of the business as they make the rules for the online business and find out the risk associated with it. The workers are the also the audience of the company as they do the online business for their customers.

The data which the different Audience differ according to the role they perform. Hence, the investor needs the financial statements data, Customers needs the reviews and information about the product, the government looks for the threat related data which can used for the detection of threats to the devices.