Reference no: EM132283076
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.
Include at least one reference in your answer to the question. Your reference(s) should be APA compliant.
Textbook(s) Used:
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
Requirements:
• Read the case study very thoroughly. Revise chapter 30, 31, and 34.
• All your writings should be related to the case study.
• Answer all the scenarios mentioned. Don't just list the general reason.
• Describe the factors that influence the implementation. Address all the complexities of this question.
• For those types of questions, the best way to answer that is to identify the themes of differences/ similarities as I mentioned above, then you work on the depth factor by illustrating these issues!
Textbook: Implementing Enterprise Risk Management - Case Studies and Best Practices by Editors John R.S. Fraser Betty J. Simkins Kristina Narvaez