Discuss at least two benefits of incorporating Enterprise Risk Management (ERM) with strategy and strategy execution
Discuss at least two benefits of incorporating Enterprise Risk Management (ERM) with strategy and strategy execution
Module 1: Individual Case Study – Lego Group Dropbox 0 Due May 28 at 12:59 AM
Read Chapter 6, Strategic Risk Management at the LEGO Group, starting on page CCM 93. Answer the questions below.
- Discuss at least two benefits of incorporating Enterprise Risk Management (ERM) with strategy and strategy execution as discussed in the LEGO case. 2. Using information from the case, how does scenario analysis help the company to become better prepared for uncertainties? 3. The case study focuses on four steps. Explain each step and provide an example of each. The example can reflect information from the case or outside of the textbook. 4. Has the LEGO strategy worked? Use examples inside and outside of the textbook to answer this question.
Details
- Apply critical thinking. • Include a minimum of one quality SPC online library source to support your ideas as well as your textbook. • Do not copy or otherwise repeat the questions. Use short headings to identify the topic of the question. Review the sample LEGO paper in Additional Tools. • Formal writing and APA format are required. Answer the questions in no more than 3 pages not including title page, and reference page. No abstracts are required in this class. • Submit the document to the dropbox.
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