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Read Chapter 6, Strategic Risk Management at the LEGO Group, starting on page 93 (attached in PDF format). Review the corporate culture and solutions and history of LEGO Group again. Then answer the questions below and submit your answered document to this dropbox.
What are the advantages of integrating ERM with strategy and strategy execution as described in this case?
How does scenario analysis as described in this case help an organization to prepare for uncertainties?
What are the advantages of using the PAPA model to categorize risks?
How would you describe the “Strategic Risk Management Return on Investment” at LEGO?
Sample Solution
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