Managing International Business Risk Report

Applying the Core Risk and Risk Management Concepts and Theory in International Business

• Using a two-part report; in Part A: Discuss the importance and role of the knowledge of risk and risk management in international
• Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your
• In Part B of your report apply Risk Management Framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its externalenvironment.
• Briefly outline a strategy to manage the most high impact and highest likelihood risk your chosen company

(Risk management framework 1 is Figure 1: ‘How to prioritize risk’ in ‘The boardroom imperative on internal control’)

Each student needs to submit a report written individually (1500 words + or – 10%).

This assignment has two main purposes. It requires you to:

1. Apply risk and risk management concepts and theory to the activities of a specific organization; and
2. Prepare a formal written

Assessment Requirements

Using the learning from our module 1 / week 1 folder and workshop and learning Activities:

1. Identify and discuss the importance and role of the knowledge of risk and risk management in international
2. Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your
3. Apply risk management framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its external
4. Outline a strategyto manage the most high impact and highest likelihood risk your chosen company
5. Use a report format

Step 1 –

Identify and discuss the importance and role of the knowledge of risk and risk management in international business (see the course reading for week 1: The boardroom imperative on internal control)

Step 2 –

Provide 4 relevant real world examples of where and how risk management knowledge is used within the internal company operations of any international business company and industry of your choice (refer to the Powerpoint slides for week 1)

Step 3 –

Choose any multinational company and provide a brief overview of the company (its size, profits, number of staff, head office, worldwide office locations, key products and services and general risk characteristics of the industry/sector) (refer to the companywebsite).

Step 4 –

Apply risk management framework 1 to your chosen international business company and industry by identifying, ranking, and prioritizing 4 risks that your particular chosen company faces within its external environment.

Step 5 –

Research the required information to complete Part A and Part B of the report as outlined below. Follow the criteria standards matrix rubric as a guide to your headings and sub- headings. Use a numbering system for headings and sub-headings and all conventions of the report format.