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Assignment: 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 risks.
Chapter 30: Alleged Corruption at Chessfield - Corporate Governance and the Risk Oversight Role of the Board of Directors
Chapter 31: Operational Risk Management Case Study Bon Boulangerie
Chapter 34: Turning Crisis into Opportunity - Building an ERM Program at General Motors
Textbook: Implementing Enterprise Risk Management Case Studies and Best Practices (By John R.S. Fraser Betty J. Simkins Kristina Narvaez)
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