Scenario
You are the Financial Executive for TF Partners, an electric car manufacturer, and you have been tasked to create a financial risk assessment. This risk assessment will be used in your monthly performance discussion with the COO and CEO. TF Partners has been profitable throughout the economic downturn; however, a global pandemic, natural disasters, and foreign conflicts have caused suppliers to delay sending raw materials and other goods needed to produce your product. The company's current strategic objective (goal) is to increase profits by 15%, reduce the use of inefficient assets by 10%, and increase organizational sustainability by 5% through investment in green initiatives.
Instructions
NOTE: Your research and writing should align with the concepts discussed in the modules and lectures.
In Microsoft Word, create a financial risk assessment document to measure the financial risk and performance of TF Partners. Your financial risk assessment should:
- Discuss best practices to analyze the financial position of TF partners in the areas of operating, financing, and investing activities.
- Create a rating system of high, medium, and low associated with the strategic objectives listed in the scenario to evaluate the risk.
- Based on the risk assessment, make specific financial strategy recommendations for each of the strategic objectives listed in the scenario that TF partners can use to increase the overall performance of the organization.
- Use and attribute credible sources related to financial concepts, strategies, and the electric car manufacturing industry.