Business Risks Objectives Strategies

1. Increased competition in a. To be able to attract  Use some recent

the market that LDV is more customers in industry researches in
currently part of resulting to order to compensate assessing for the
some losses on the revenue for the decrease in current trend to
of the entity. income due to improve competitive
increased competition analysis.
within the industry.  Gather intelligence
b. To set a more specific and assess the risks
target market to focus
on.

2. New product to be a. To expand the sales  Review some

introduced in the market (the of their products in marketing materials
venture LDV to selling of the market through and strategies
halal cow’s milk) that might taking advantage of appropriate for such
increase the liability of the the awareness and product.
product as well as company positive response of  Identify the unique
expenses. consumers to the selling point of the
health benefits of product and focus on
halal foods in order to strengthening that
address the one.
decreasing amount of  Identify new and
revenue. potential
b. To try a new product stakeholders.
line in order to give  Analyze if the right
more options for their customers and
target market and to location for the
diversify the range of products are
the products they can approached.
offer as a solution in
garnering more sales.
c. To cope up and
address with the
quick change of the
preference by the
consumers and
satisfy their demands.
d. To expand the
activities of LDV and
enter into a new field
within the industry.

3. Low Receivable Turnover a. To improve the credit  Review why the

ratio of LDV which might and collection staff of receivable turnover of
hinder potential investors in the company in order the company is
putting a good investment to to have an effective worsening.
the company. Also, some
receivables are uncollected
due to the defective goods
returned by the customers.
4. Recent changes in the
Personal Income Tax (TRAIn
Law package 1) and
Corporate Law (TRAIn Law
package 2) that might still be
incomplete and so increases
costs incurred by the
company and might also
lead to material
misstatements in the
financial statements.
5. New technology in
improving the milk
production process for the
new halal product to be
introduced in the market
wherein the cost is unknown
and cost of hiring an external
specialized firm to help with
the process.
6. Customer attrition due to
quick change in preference
of consumers resulting to a
way of timely  Re-assess the credit
collection of policy of the company
receivables. to guarantee timely
b. To improve the health receivable collection.
security in making the  Check for any
products in order to unsanitary
not have any sales procedures during the
return from customers process of making the
through rebranding product to ensure
and giving of excellent quality
discounts to affected safety as well to
consumers. consumers.
a. To be able to adapt to  Conduct some
the changes of these compliance risk
accounting policies. assessments.
b. To provide  If possible, invest in
appropriate strategy some compliance
in complying with the consultants to help
requirements needed you.
once implementation  Consult with other
of such laws and companies within the
regulations start. industry as to how
they are going to
address such change
and analyze if your
company will be able
to apply the same
technique.
a. To save time and be  Continuously review
more efficient in the the market and
production process of technological
the company as well advances.
as for the advance  Canvas for different
technology needed in types of such
improving production machine for the
process of milk. production process in
b. To improve the health order to not waste
security of the time, opportunity and
products so that money.
lesser products are
wasted and returned
by the customers.
a. To reduce  Empower employees
dependence on to share feedbacks
bigger chains and and solve problems
low market share for the
company as well as low
income for the business.
Also, the loss of one or two
of the chains which consists
almost half of the sales of
LDV greatly impacts the
revenue of the company.
focus rather more on about the matter to
obtaining small retail encourage
companies to departmental
compensate for its collaboration and
loss. team problem solving
b. To improve the that might create
customer retention structural
rate of LDV in order improvements.
to gain more loyalty  Ask for some
from such customers. customer feedbacks
to help the company
understand and
address the problems
and to monitor the
triggers why such
occurs.