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Risk Management At Rim Essay

3034 words - 12 pages

FNSV 6990 AssignmentAli ArastehEmail: aliarasteh@gmail.comWinter 2012Executive SummaryThis report presents an analysis of the risk facing Research In Motion (RIM) business and operation. An introduction to RIM is provided which also identifies the ways that RIM creates value for its customers. Multiple strategic, operational, financial, and intangible risks facing RIM business were identified. A holistic approach for risk management was identified as the only sustainable way of managing risk in the enterprise with the focus on the impact of realization of the identified risks on RIM's reputation. Among the risks identified, three critical risks with recent incidents were discussed in details and relevant risk/return tradeoffs as well as potential risk responses to reduce the risk to an acceptable level were identified:Risk of internal financial fraud and Employee misconduct (Risk Rating: Very High)Interrupted operation of RIM's network operations center (Risk Rating: High)Restrictions on import and use of RIM's products (Risk Rating: Medium)BackgroundRIM is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information, including email, phone, short messaging service, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless solution, and other software and hardware. The Company's sales and marketing efforts include collaboration with strategic partners and distribution channels to promote the sale of its products and services as well as its own supporting sales and marketing teams.RIM's primary revenue stream is generated by the BlackBerry wireless solution, which includes sales of BlackBerry wireless devices, software and service. The BlackBerry wireless solution provides users with a wireless extension of their work and personal email accounts.RIM generates hardware revenues from sales, primarily to carriers, of BlackBerry wireless devices, which provide users with the ability to send and receive wireless messages and data.RIM generates service revenues from billings to its BlackBerry subscriber account base primarily from a monthly infrastructure access fee to a carrier/distributor where a carrier or other distributor bills the BlackBerry subscriber. The BlackBerry subscriber account base is the total of all subscriber accounts that have an active status at the end of a reporting period. Each carrier instructs RIM to create subscriber accounts and determines whether each subscriber...

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