Assignment
• Chapter 6, "Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management" ERM in Higher Education
• Chapter 9, "Lessons from the Academy: ERM Implementation in the University Setting"
Reference below the synopsis for reference. I still will record and highlight the case via a recording for you, as usual.
Chapter 6: Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management. This case describes strategic risk management at the LEGO Group. It is based on an initiative started in late 2006 and led by Hans, senior director of strategic risk management at LEGO System. The case is part of the continuing work of the Strategic Risk Management Lab at DePaul University, which is identifying and developing leading practices in integrating risk management with strategy development and strategy execution. The case provides a great example of integrating risk management with strategy development and strategy execution.
Chapter 9: Lessons from the Academy: ERM Implementation in the University Setting
This case provides background information regarding the unique aspects of the college and university environment that need to be considered when adopting ERM, and discusses the choices made by university administrators at one institution regarding ERM implementation. It traces the evolution of the program over time, as well as demonstrating decisions administrators made to tailor ERM to fit the decentralized culture of a university.
Chapter 9: Lessons from the Academy: ERM Implementation in the University Setting
1. Articulate the aspects of the university environment to consider as they adopt and implement ERM.
2. Describe the differences between formal structural and collegial organizational models as they relate to goal setting, decision making, and leadership.
3. Analyze strategies utilized at one higher education institution to adopt ERM processes to fit the decentralized academic environment.
Chapter 6: Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management
1. What are the advantages of integrating ERM with strategy and strategy execution as described in this case?
2. How does scenario analysis as described in this case help an organization to prepare for uncertainties?
3. What are the advantages of using the PAPA model to categorize risks?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.