Common Influences on Risk Perception

Imagine an organization decides to hire an outside vendor to produce products instead of manufacturing them in house. Using the information presented in “Common Influences on Risk Perception” Figure 6-3 (Hillson and Simon text), determine the conscious factors, subconscious factors, and affective factors for this project. Analyze how awareness of those factors influences the decision of hiring outside vendor. In addition, analyze how those factors help improve the overall facilitation and effectiveness of the risk management.

Determine what is important to consider when making the announcement to the affected employees. Speculate on how you would address the issues and or concerns of the impacted employees.

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