You read about LEGO’s ERM. Some of their issues are mentioned in the following interview. There are several good points made in this interview. One of the comments deals with organizations underperforming due to a lack of risk-taking. As mentioned in the interview, organizations need to know their risk tolerance and also need to take on the appropriate amount of risk to meet their goals and objectives. https://www.youtube.com/watch?v=GPU4esASSMg
What does your organization do to prepare for uncertainty? How does your organizations’ approach differ from LEGO’s? What aspects of LEGO’s approach could your organization implement to improve its risk management process? Develop one example of uncertainty that your organization should be thinking about for 2030. Apply the LEGO process to the development of your explanation.
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