Operations Management homework help. Discussion1)
Read Chapter 6 scenario, and address the following question
“How would you describe the “Strategic Risk Management Return on Investment” at LEGO? ”
Discussion 2) We all use Email and Instant messaging daily in our work lives. Which method do you feel is the best communication method for Senior Management to their employees? Messaging to your friend at work? Messaging to other members of your project team? What is your biggest dislike about both communication methods? Do you think these communication methods have a major impact on how we incorporate IG into your business organizations?
Address the following questions:
What are the advantages of integrating ERM with strategy and strategy execution as described in this case?
Describe the four steps in the risk management process.
How does scenario analysis as described in this case help an organization to prepare for uncertainties?
What are the advantages of using the PAPA model to categorize risks?
The mission of the strategic risk management team is to “Drive conscious choice.” How does the Active Risk and Opportunity Planning (AROP) element of strategic risk management at LEGO help to drive conscious choice?