Discussion
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Text Book: IMPLEMENTING ENTERPRISE RISK MANAGEMENT- Case Studies and Best Practices by John R.S. Fraser, Betty J. Simkins and Kristina Narvaez.