concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it.
Question 1: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe the four steps that were used at the LEGO Group to develop its Strategic Risk Management process in 1-2 short paragraphs.
Answer:
Question 2: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe the growth strategy and innovation strategy at the LEGO Group in 2006 as LEGO set out on developing its Strategic Risk Management process in 1-2 short paragraphs.
Answer:
Question 3: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe how LEGO Group defines its “Risk Appetite” in its Strategic Risk Management process in 1-2 short paragraphs.
Answer:
Question 4: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe how the LEGO Group describes its “Preparing for Uncertainty” and how it used Scenarios in its Strategic Risk Management process in 1-2 short paragraphs.
Answer:
Question 5: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe the four parts of the LEGO Group the PAPA model (Park, Adapt, Prepare, Act) in 1-2 short paragraphs.
Answer:
Question 6: Situation: Assume you are presenting (as a consultant) the concept of Strategic Risk Management at the LEGO Group to the executive team at a company that is considering implementing it. The pre-reads for the session included the article “Strategic Risk Management the LEGO Group: Integrating Risk Management and Strategy” Strategic Finance (February 2012) by Frigo, Mark L. and Hans Læssøe. Please describe how the LEGO Group desceribes the “Return on Investment” of its Strategic Risk Management process in 1-2 short paragraphs.
Answer:
Question 7:
For one of the following companies (UPS, Microsoft, Coca-Cola, McDonalds, Harley-Davidson, Southwest Airlines, Abbott, Marriott International), please describe strategic risks faced by the company you would place in the Park and Adapt sections of the PAPA model in 1-2 short paragraphs.
Answer:
Question 8:
For one of the following companies (UPS, Microsoft, Coca-Cola, McDonalds, Harley-Davidson, Southwest Airlines, Abbott, Marriott International), please describe strategic risks faced by the company you would place in the Prepare and Act sections of the PAPA model in 1-2 short paragraphs.
Answer:
4
3
