Discuss about the Risk Position of Western Digital Corporation.
Western Digital Corporation is an American company which operates its business in compute data storage industry. The company is one of the largest manufacturing companies of hard disk drive in the world. The main competitor of the company is Seagate technology. The business mix of the company explains the hybrid drives, hard disk, drives and solid state drives. The total revenue of the company is US $ 19.09 billion according to annual report (2017). The stock price of the company is USD 90.16 (Yahoo Finance, 2018). The profitability position of the company explains that the performance of the company has been better. The key shareholders of the company are Stephen D. Milligan. The governance structure of the company explains that the main people of the company include executive and non executive members.
Total number of employees of the company is 67,629 according to the annual report (2017). The company has been established in April 23, 1970, 47 years back. The competitive environment of the company is quite attractive as it is the largest comapny in the world and the company is operating at its business worldwide (Morningstar, 2018). Further, it explains that the current position of the company is quite attractive and thus the market capital in the stock price of the company has also been enhanced.
Stakeholders are the people who have interest or concern in an organization. Stakeholders could affect the organizations actions goals, objectives and the policies. The key stakeholders of an organization include creditors, Debtors, shareholders, government, owners, suppliers, unions and the community. Not all the stakeholders are the same and have same influence in a business.
Key shareholders of the western digital corporation are creditors, Debtors, shareholders, government, owners, suppliers, unions and the community. The relationship of the company with the stakeholders could be evaluated as follows:
The study on the stakeholders of the company briefs that the main stakeholders of the company are the investors and the suppliers of the company. The secondary stakeholders of the company are its creditors and the debtors of the company and the last stakeholders of the company are other related parties of the company (NASDAQ, 2018). It explains that the organization is required to prepare and manage the new strategies and polices on the basis of their level in the organization (Modarres, 2016).
The current stakeholder’s structure of the company is quite closer to the new policies and the strategies of the comapny. Though, few new changes would make it easier for the business to manage and mitigate the risk related to the stakeholders.
|
Risk No |
Risk Category |
Risk Incident |
Risk Description |
Current Controls |
Compliance Controls/Awareness |
Likelihood |
Consequence |
Rating |
Accept/Reject |
If Reject – further controls |
Likelihood |
Consequence |
Rating |
Owner |
|
1 |
Political |
Political insanity |
Political scenario is always a risk for the companies as the politics and government of a country could be changed at any time. |
Company has maintained enough strategies to mitigate the political risk (Haimes, 2015). |
Organization should maintain the policies which could not be affected by the political factors. |
E |
Accept |
– |
E |
|||||
|
2 |
Political |
Intellectual property protection |
Changes into the political factor could impact on the operations and the property of the company. |
Company has copyrighted all the important aspects of the company. |
Organizations are required to have legal paper of all the activities |
A |
1 |
H |
Accept |
E |
||||
|
3 |
Political |
Wage legislations |
Wage legislation rules could be changed by the government of a country at any time. |
Company is following the current regulation of wages. |
Organization should be aware about the current changes into o the politics (Olson & Wu (2017) |
A |
1 |
H |
Reject |
Company is also required to hire a legal advisor to manage the performance |
E |
|||
|
4 |
Economic |
Exchange rates |
Exchange rates are macroeconomic factors. It could be changed at any time (Mosco, 2014). |
Company has diversified the currency and the business. |
Economical changes are the external factors which could not be in the control of a business. |
E |
Accept |
E |
||||||
|
5 |
Economic |
Economic growth rate |
Thru growth rate of economy directly affects the growth rate of the business. |
Economical growth does not make much impact on the business due to its business area. |
Economical changes are the external factors which could not be in the control of a business (Brindl, 2017) |
E |
Reject |
The organization is also required to manage the new policies to control the economical changes (Scheree et al, 2016). |
E |
|||||
|
6 |
Economic |
Inflation rates |
Inflations rates should be measured and kept in knowledge by all the companies. |
Inflation rate affects the business at a huge level. |
Economical changes are the external factors which could not be in the control of a business. |
E |
Accept |
E |
||||||
|
7 |
Social |
Leisure interest |
Society could affect the business and turnover of a company at any time. |
Company is following the CSR policies. |
Best CSR policies could help the business to maintain the performance and mitigate the risk. |
E |
Reject |
The Corporate social responsibility of the company should include a better contribution for the society. |
E |
|||||
|
8 |
Social |
Educational level |
Educational level of the society affects the business. |
Company is following the CSR policies. |
Best CSR policies could help the business to maintain the performance and mitigate the risk. |
E |
Accept |
E |
||||||
|
9 |
Social |
Culture |
Culture of a country also matters for a business. |
Company is following the CSR policies(Ward, 2015). |
Best CSR policies could help the business to maintain the performance and mitigate the risk. |
E |
Accept |
E |
||||||
|
10 |
Technological |
Rate of technology diffusion |
It expresses that at what time the technology should be spread. |
Company is using the newest technology in the industry. |
Better technologies and uses could help the comapny to mitigate the risk. |
E |
Accept |
E |
||||||
|
11 |
Technological |
Technology’s impact |
It explains that how the technology could affect a business. |
Company is using the newest technology in the industry. |
Better technologies and uses could help the comapny to mitigate the risk (Casey & Niss, 2015). |
E |
Accept |
E |
||||||
|
12 |
Technological |
Recent technology development |
How could the technology affect the business? |
Company is using the newest technology in the industry. |
Better technologies and uses could help the comapny to mitigate the risk (World economic forum, 2015). |
E |
Reject |
The competitive technology should be adopted by the company (peng & Kono, 2015). |
E |
|||||
|
13 |
Environmental |
Climate changes |
Changes into the climates are a measure risk as it affects the business at a huge level. |
Worldwide operations are not affected by the climate changes in one country. |
Environmental factors could be mitigated after diversifying the market and the services. |
E |
Accept |
E |
||||||
|
14 |
Environmental |
Recycling |
Wastage of products and the resources are huge risk for a business. |
Worldwide operations are not affected by the climate changes in one country. |
Environmental factors could be mitigated after diversifying the market and the services. |
E |
Reject |
Company should manage the better polices for recycling process. |
E |
|||||
|
15 |
Environmental |
Air and water pollution |
Pollution is a big risk factor for a business. |
Worldwide operations are not affected by the climate changes in one country. |
Environmental factors could be mitigated after diversifying the market and the services (Tham, Campbell & Boese, 2016). |
E |
Accept |
E |
||||||
|
16 |
Legal |
Employment law |
Employment law should be in concern of a business while hiring and compensating the people. |
Company is following the legal polices according to the industry and the country. |
Legal aspects must be studied and followed properly to mitigate the risk (morgan, 2018). |
E |
Reject |
Company is also required to hire a legal advisor to mitigate the risk (Booth & Carrington, 2017). |
E |
|||||
|
17 |
Legal |
Data protection |
Protection of private data is a bige risk for a business. |
Company is following the legal polices according to the industry and the country. |
Legal aspects must be studied and followed properly to mitigate the risk (knon & peng, 2015). |
E |
Accept |
E |
||||||
|
18 |
Legal |
Healthy and safety law |
It express about the employee protection in a business. |
Company is following the legal polices according to the industry and the country. |
Legal aspects must be studied and followed properly to mitigate the risk (World economic form, 2018). |
E |
Accept |
E |
||||||
|
19 |
Operational |
Changes in operations |
Operational changes could also be a risk for internal environment of a business. |
Company trains the employees before changing into the operations (Investors, 2018). |
Proper training is the risk control factor. |
E |
Reject |
The operational changes must not be done by the company regularly (Brewer & Williams, 2017) |
E |
|||||
|
20 |
Operational |
changes in internal environment |
Internal changes could also be a risk for internal and external environment of a business. |
Company trains the employees before changing into the operations. |
Proper training is the risk control factor. |
E |
Reject |
The operational changes must not be done by the company regularly |
E |
To conclude, the financial and non financial position of the company is quite better, the comapny has already made the enough strategies and policies to manage the performance and the effectives of the company. On the perspective of the stakeholders, it brief that the company’s position has been better and the investment into the company would be better. The management process of the company has also been better and it makes it easier for the business to identify the issues and resolve it quickly.
References:
Annual report. (2018). Western digital corporation. (online). Retrieved on 17th April 2018 from: https://investor.wdc.com/annuals.cfm
Aven, T. (2015). Risk analysis. John Wiley & Sons.
Booth, T., & Carrington, K. (2017). Victims support in policy and legal process in Australia. Handbook of Victims and Victimology.
Brewer, N., & Williams, K. D. (Eds.). (2017). Psychology and law: An empirical perspective. Guilford Publications.
Brindley, C. (Ed.). (2017). Supply chain risk. Taylor & Francis.
Casey, S. E., & Niss, D. W. (2015). U.S. Patent No. 9,099,163. Washington, DC: U.S. Patent and Trademark Office.
Haimes, Y. Y. (2015). Risk modeling, assessment, and management. John Wiley & Sons.
Investors. (2018). Western digital corporation. (online). Retrieved on 17th April 2018 from: https://investor.wdc.com/ownership-profile.cfm
Kwon, T. H., & Peng, S. T. (2015). U.S. Patent Application No. 29/478,526.
Modarres, M. (2016). Risk analysis in engineering: techniques, tools, and trends. CRC press.
Morgan, B. (2018). Legal models beyond the corporation in Australia: plugging a gap or weaving a tapestry?. Social Enterprise Journal.
Morningstar. (2018). Western digital corporation. (online). Retrieved on 17th April 2018 from: https://www.morningstar.com/stocks/xnas/wdc/quote.html
Mosco, V. (2014). Political Economy. In The Routledge Companion to Global Popular Culture (pp. 35-44). Routledge.
NASDAQ. (2018). Western digital corporation. (online). Retrieved on 17th April 2018 from: https://www.nasdaq.com/symbol/wdc/risk
Olson, D. L., & Wu, D. D. (2017). Data Mining Models and Enterprise Risk Management. In Enterprise Risk Management Models (pp. 119-132). Springer, Berlin, Heidelberg.
Peng, S. T., & Kono, T. (2015). U.S. Patent Application No. 29/455,869.
Scherer, A. G., Rasche, A., Palazzo, G., & Spicer, A. (2016). Managing for political corporate social responsibility: New challenges and directions for PCSR 2.0. Journal of Management Studies, 53(3), 273-298.
Tham, J. C., Campbell, I., & Boese, M. (2016). Why is Labour Protection for Temporary Migrant Workers so Fraught? A Perspective from Australia.
Ward, S. J. (2015). The invention of journalism ethics: The path to objectivity and beyond (Vol. 38). McGill-Queen’s Press-MQUP.
World Economic Forum. (2016). The Global Information Technology Report 2016. Geneva, WEF. Retrieved on 17th April 2018 from: https://www3.weforum.org/docs/GITR2016/WEF_GITR_Full_Report.pdf
World Economic Forum. (2018). Global risks 2018. Twelfth Edition: Weeks 1-12 (Political/Sociological/Environmental/Technological/Economic) Retrieved on 17th April 2018 from: https://www.weforum.org/reports/the-global-risks-report-2018
Yahoo Finance. (2018). Western digital corporation. (online). Retrieved on 17th April 2018 from: https://finance.yahoo.com/quote/WDC/
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