Reference no: EM132890265
The Case - LAZMO ALUMINUM
Lazmo Aluminum, based in Matola, Mozambique, was established in 2012 and manufactures Aluminum bars. There present capacity is 25,000 aluminum bars per month. They presently sell 20,000 aluminum bars a month in the domestic market. Lazmo Aluminum has 250 employees and has 7 Palm Oil Scientists for testing the correct viscosity of the Palm oil.
Lazmo Aluminum have received an enquiry for export of 4,000 aluminum bars, per month, to Hanoi, Vietnam. This is the first time Lazmo Aluminum will be selling internationally. You are the Head of Business research and have been asked by the Managing Director to provide your analysis on the risks pertaining to the potential export of Aluminum bars to Hanoi, Vietnam.
Answer the following:
Question #1: Provide a List of all the 9 steps involved in the Risk management cycle?
Question # 2.: Step 2 in the Risk management cycles is - Identify Key Risks - List three Main risk types in this step and provide 2 examples for each main risk type?
Question # 3: When examining Vietnam's Economic and Financial Fundamentals, list the factors you will consider?
Question # 4: If Lazmo Aluminum were to send 2 Pal oil scientists to Hanoi, what may be the two main personnel risks Lazmo Aluminum should try to mitigate?
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