problem 1: Diversified companies are less influenced by a downturn in one industry. Describe, in detail and with relevant exs, the basis for this statement.

problem 2: There are many helpful reports and guides now available in the area of Risk Management in the Public Sector. Choose four of these and describe how such might be helpful to a public sector organization.

problem 3: A risk database can have a number of advantages. Describe, with relevant exs, what some of such benefits might be to an organization.

problem 4: Enterprise Risk Management (ERM) has to satisfy a sequence of parameters. It is said to be about protecting and improving share value to satisfy the primary business objective of shareholder wealth maximization. Describe, with relevant illustrations, whether you agree with this statement or not.

problem 5: Technology Risk Management can offer an organization several advantages. describe, with relevant exs, four of these possible advantages.

problem 6: In an effort to better understand the different possible states of the world, managers will frequently need to undertake a scenario analysis approach in order to manage risk implications effectively. Describe, with relevant illustrations, the process of scenario analysis and its usefulness as a tool.

problem 7: There are various levels of risk included when organizations embark on different types of business development.

By using Ansoff’s model of alternative strategic directions for business development as a guide, describe, with illustrations, how the level of risk changes depending on which of the four possible directions is selected.

problem 8: Legal risk for a business might be defined partly as failing to operate in the law and to be aware of its legal obligations. What are the advantages of legal risk management? Outline, with relevant illustrations, four of such possible benefits to an organization.