1. Cultural Sensitivity and Acceptance: Major risk of cultural resistance to using coffins for infants, affecting market acceptance.

2. Legal and Regulatory Compliance: Risk of non-compliance with local burial laws and regulations.

3. Market Demand Estimation: Misjudging the demand due to cultural differences or fluctuations in infant mortality rates.

4. Reputation Risk: Potential damage due to perceived insensitivity or exploitation of a community's tragedy.

5. Competition and Substitutes: Underestimating local burial practices and alternatives to coffins.

Project-Level Risks

1. Supply Chain and Logistics: Challenges in establishing a reliable supply chain that respects local customs.

2. Cultural Adaptation of Product Design: Need to adapt coffin designs to local traditions and expectations.

3. Local Partnership and Stakeholder Engagement: Importance of building relationships with local entities for market understanding and acceptance.

4. Marketing and Communication: Developing culturally sensitive marketing strategies.

5. Currency and Financial Risk: Potential financial instability due to currency fluctuations and local market conditions.

6. Ethical Considerations: Navigating ethical risks related to doing business in a market affected by infant mortality.

Mitigation Strategies

• Conduct in-depth cultural research and engage with local communities for tailored product and marketing strategies.

• Ensure legal and regulatory compliance and commit to ethical business practices.

• Implement pilot projects to test market response and adjust strategies accordingly.

• Build local partnerships to enhance credibility and market insight.

If something happens to the submarine, the reputation of the company is ruined

The effect of excessive funding on the main company

Project-

In the manufacturing process a not suitable material is used and the submarine implodes

Not enough funding to complete the manufacturing

If there is bad weather or natural disasters, the tour has to be delayed

• Cultural Adaptation

• Legal and regulatory compliance

• Market competition

• Reputation

• Economic factors

Project-Level Risks

• Relocation

• Operational disruptions

• Employee retention

• Customer acquisition

• Financial Risks

Strategic risks:

Public perception ( potential backlash) and credibility establishment

Project-level risks

legal and tax exemption requirements