Read Chapter 6, Strategic Risk Management at the LEGO Group, startingon page 93 (attached in PDF format). Review the corporate culture and solutions and history ofLEGO Group again. Then answer the questions below and submit youranswered document to this dropbox. What are the advantages of integrating ERM with strategy and strategy execution as described in this case?How does scenario analysis as described in this case help an organization to prepare for uncertainties?What are the advantages of using the PAPA model to categorize risks?How would you describe the “Strategic Risk Management Return on Investment” at LEGO?Details – Apply critical thinking and the learning from the major objectives of this week’s material.Formal writing and all APA formats are required. (In 3 -5 pages notincluding title page, in-text citations and reference page. Please usean introduction, conclusion and headings) (See: Purdue OWL APA writing guidelines)You MUST include a minimum of one quality SPC online library sourceto support your ideas as well as your textbook. Also, be sure to cite your textbook within your work and in the reference page.Submit a MS Word document (*.docx).
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