Case Study Phase 1 Example | Topics and Well Written Essays - 500 words

Phase 1 - Case Study Example In terms of business and management, the possibility of an investment’s actual return usually differs from the expected and risks include the probabilities of losing part of or the entire original investment. On the other hand, risk assessment involves determining both quantitative and qualitative risks associated with a situation and recognizing threats (Hussain, 2013). A risk assessment of quantitative nature needs calculations of two aspects of risk including the degree of the possible loss and the possibility that the loss take place. Additionally, acceptable risk is the risk that may be understood as a consequence of the cost or difficulty in the implementation of an efficient countermeasure for the related vulnerability that surpasses the expected loss. Apple is an international company whose head office is in California, that is involved in designing, developing and selling consumer electronics (Young, 2009). Even though Apple develops its own products and comes up with the software which is run on its devices, it manufactured and assembles its devices through outsourcing operations. Since the company has a heavy dependence on its partners on the delivery of the final product, it is faced with the threat of not having the full ability to control its supply operation. Apple also has a heavy dependence on numerous other organizations to develop components that constitute its final products. Even though this kind of partnerships is advantageous in the production of high quality devices, they also underscore the technological dependency of Apple on external companies. Additionally, any form of disruption suffered by the companies, which manufacture its components will directly influence the ability of Apple to produce products for the market on a timely basis. Regardless of the fact that this form of partnerships are advantageous in the production of devices of superior quality, they underscore the