Paper Assignment
Text book: Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
Chapters 30, 31, and 34 presented three mini-case studies on ERM and risk. Each one presented a slightly different risk scenario. Suppose General Motors wants to replace one of their traditional lines of vehicles with all-electric models. How could GM use game theory to identify and assess the major risks to this decision? Identify two major risks that would result from GM converting an existing line to an all electric line.
Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM's five point scale.
To complete this assignment, you must do the following:
Suppose General Motors wants to replace one of their traditional lines of vehicles with all electric models.
How could GM use game theory to identify and assess the major risks to this decision?
Identify two major risks that would result from GM converting an existing line to an all-electric line.
Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM's five-point scale.
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.