Running head: RESPONSES TO ERM AND LEGO GROUP 1Your nameInstructor's nameCourseDate of submission
Running head: RESPONSES TO ERM AND LEGO GROUP 2RESPONSE 1I agree with your post that the idea of risk management is a key concept that growing business organizations need to embrace with the business industry being the predetermining factor of strategy implementation. I can see you have posted o the continuous assessment and monitoring of risks with time to enhance mitigation before worsening of the situation. Based on the case of the LEGO group, it is true that there may be a need to redesign the management style of an organization to better equip the risk management strategy. It is true that the innovation and growth strategy needs to be incorporated in the implementation of the organization's risk to be captured easily (Sax & Andersen, 2018).Therefore, it is in agreement that if organizations embrace the strategy of LEGO, their operationswould be better managed and even the risk potential.
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- Fall '19