Operational Risk Management:
Shriners Hospital:
During the last class we discussed the “Shriner case”. The case focuses on a number of operational and strategic risks. Based on the details provided in the case please focus on the following assignments:
1. What is unique on the governance structure of Shriners?
2. What is their current strategy?
3. What caused Shriner to be in its current precarious financial position?
4. Who are the parties impacted by Shriner’s existing situation? What impact could these financial challenges have on them in the short and long term?
5. Evaluate the options being considered by management. Are there any other actions they should explore?
6. How should management position their recommendations to get approval from the 1,400 delegates?