Reference no: EM133368042

Questions:

1. Use the Wellcome Trust Corporate Risk Matrix to identify critical risks for a company of your choosing or one that your instructor provides.
(a) Relate these critical risks to the strategies and strategic plan of the organization.
(6) Define the impact of these critical risks to the organization and develop a risk management strategy for each.

2.Identify potential risks to reputation that could affect an organization like Welcome Trust.

3. In this case it was determined that the horizon for investments in ERM is longer than other measures used to incentivize managers. Develop an incentive program for executives and managers of the Wellcome Trust that will be in sync with a longer investment horizon for ERM.

4. Not-for-profit enterprises do not produce profits. Traditional measures used to assess the value, and change in value, of publicly traded organizations are not appropriate to evaluate the ERM initiative.
• ????What measures would you recommend that not-for-profit organizations use to assess the value of their ERM implementation?
• ????How can the not-for-profit enterprise provide evidence that their ERM activities are producing the value and not other activities or influences?

5. What are the characteristics of a good athletic coach? Translate these characteristics into the characteristics for being a good risk management coach. Would you add additional characteristics or competencies, if so, what and why?