Posted: February 1st, 2024

Rick management

For much of this course, you will be working for a hypothetical company in your first role as a Risk Manager.  KittyKollars is small (less than 200 people), privately held, and was founded just over 2 years ago.  Some stats that are relevant about KittyKollars:

• KittyKollars produces personalizable cat collars with reflectors and built-in flea control
• KittyKollars sources (purchases) parts for collars from international suppliers
• KittyKollars has a very young (right out of college) CEO, and three of her co-founder friends are in top management positions
• Each of the four friends took out family loans (that need to be repaid soon) to found the company
• KittyKollars’s flea control technology may be in the hands of its key competitor, KittyKarma
• KittyKollars has two (cat) customers who have had adverse reactions to the flea control technology

After reviewing the categories of risk definitions in the Appendix, please suggest 4 specific risks that you suspect might be of significant concern for KittyKollars and explain why you believe they may be specific risks.  “Specific risks” are those examples referenced (with bullets) under each risk category in the Appendix.  Examples are Strategic relationships, Government-required mandates, etc.

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