Implementation of the risk management overall strategy is based on AS/NZS ISO 31000:2009. The context in which the risks are created needs to be based on the context that is defined in the following.
The manufacturing plan will be divided into distinctive categories that are based on internal context of the business of the company.
The business partners have responsibilities that must be embedded into business context. These include the manufactural aspects of the company to meet the financial requirements. For delivering of the new value to the consumers, a customization of the implants and the devices are needed by the many individuals with their unique circumstances. The marketing strategy and the everyday operations of the business need to be managed by the supervisor in control (Bi, Da Xu and Wang, 2014).
The manufacturing context of the business is based on the financial obligations that the company needs to meet in to order to meet the re-investment strategy. A change in the production patterns would require capital costs. It is imperative for the businesses to ensure that they meet these requirements. It is possible that there would be fluctuations in car sales and these would resonate in the overall functioning of the businesses (Bi, Da Xu and Wang, 2014). These will be tracked and managed by the board and the general manager.
Integral part of any brand is the marketing. The marketing refers to the internal context of business. These need to be factored along with the business image of the store. These operations are found to be responsible for the businesses.
Customer service, stock replenishment and site management are the responsibility of the supervisor in control. Finally, it is observed that within the company a group that runs from the day to day business aspects and protocols. For each of these stakeholders within the company it is imperative to have a communication portal and a standard methodology to ensure that the company meets the external requirements. The external context of the business is detailed below.
The external context of the automobile industry is based on direct and indirect influence as to how the sales of the product will be done. Added to the addition of providing quality cars, the company plans to create a niche audience base to meet the requirement of the people. In this case, the suppliers, finance for the company and the property owners are considered to be a part of the opening of the store as well. A possibility is observed to increase the business from different payment options (Bi, Da Xu and Wang, 2014). In this case, the local community will have a voice in the production.
The creation of an eco-friendly car will impact the sales of the exiting cars. This model is expected to be a paradigm shifting model where the consumer base for the conventional cars will move towards a more digitized modern model. This model will incorporate different elements.
It is imperative to consider the economy of Australia. This is mandatory to understand the importance of the sales trends. These can have differential impact on the timeframe of the consumers. These can cause undesirable changes in the revenue.