Business Risk Management

The management of your firm is proposing to develop a manual, for internal use, thepurpose of which is to train staff in areas of major risk, so that your company can avoidexperiencing similar failures in risk management procedures. Management are awarethat you have recently completed a course in business risk management, and haveasked you to prepare a case study for inclusion in the manual covering one of thefollowing six cases or another case of your choice (see below):
Company/Incident The Risk Event
Fukushima Daiichi – Nuclear disaster
BP- The Oil Spill in the Gulf of Mexico
The 2011 Wenzhou Train Collision – Mishandling a crisis
Parmalat- Failures in corporate governance & fraud
News Corporation – Phone-hacking scandal

Boeing and Airbus
– Strategic actions surrounding the launchof the Airbus A380 and/or the 787

Another Case Study of your choice*
* If this option is chosen the case must receive prior approval from your supervisor(Course Presenter) based on a brief written proposal (of one (1) to two (2) A4pages) submitted no later than the end of Week 3, ie Friday 16 August 2013.Please ensure that your email address is included to facilitate correspondence.

If you chose to complete a report on one of the six cases listed above you do not needto submit the proposal referred to above, simply submit your report by the due date.

The Project
Management has agreed the following specific tasks after discussions with you:
1. Describe the facts surrounding the case. Material for the analysis of the caseshould be drawn from the details of the case as reported in the press, internet,or other sources such as books and journals, and should be fully referenced.
2. You are required to identify at least two, and at most three, risk managementissues illustrated by the case. Compare and contrast the way in which theseissues were dealt with by the firm(s) involved with material presented in thecourse or other reference material dealing with the concepts or issues that thecase illustrates. In your report you may also assess the effectiveness with whichthe crisis, created as a result of the failures in risk management evident in thecase, were managed.
3. Management believes that the quality of this material will not be judged on thenumber of concepts or issues illustrated by a particular case study but on howwell each concept or issue is illustrated. Therefore greater depth in theassessment of the risk management issues rather than breadth is required.
Indeed, some of the management team argued that each case should onlyillustrate one concept or issue, but finally agreed that there may becircumstances where more than one is desirable.
4. Prepare a report as specified below.

The Report
Your report should contain the following sections:
1. Executive Summary: A concise review of the report including major findings andconclusions. This should be no more than one (1) A4 page. This section isallocated 4 marks out of 30.
2. Introduction and Aims: Outline the general aims of the analysis and discuss theapproach you have taken to develop your case material. Make explicit the criteriathat you have used in choosing the risk management issue(s) identified in the case.This should be no more than one to two (1-2) A4 pages. This section is allocated 3marks out of 30.
3. Case Study: This section should include the full text of your case study andanalysis.Please be concise and limit this section to no more than six (6) pages.Management has specifically asked for some shorter examples for inclusion in theirmanual. In the event that your case study is included in the manual it will fullyacknowledge you as the author (management believe this will be great “profile” foryou). Longer case studies should be negotiated with your supervisor (coursepresenter). This section is allocated 12 marks out of 30.
4. Conclusion. Identify the lessons that can be learned from the case, yourconclusions and the nature of any control procedures and/or risk treatment systemsthat you believe should have been implemented or where failures occurred. Thisshould be no more than three (3) A4 pages. This section is allocated 9
marks out of30.
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