Prospects and Consequences for Blue Wood Essay
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Prospects and Consequences for Blue Wood Essay
Question 1
The following questions are intended to guide discussion about Blue Wood and how such a
company can face up to and deal with issues of risk management throughout the enterprise.
The questions are not necessarily exhaustive for the case and it is intended that examination
and discussion can be developed further if desired.
Discussion can center on the importance of culture within an organization, how to
change it, how to set priorities, how much is possible and how fast, as well as the related
costs and benefits.
- What are the prospects and consequences for Blue Wood if it carries on the way it has
been?
- Are corporate objectives and strategy important and if so, why?
- Discuss why and how either an FRM (financial risk management) or an ERM framework
might benefit a company like Blue Wood.
- What are the main challenges in developing and implementing a risk management
framework for Blue Wood? How does the ownership structure affect these challenges?
- If the company is to develop a risk management framework, who should lead the process?
Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she
report and have access to? How could smaller companies without the resources for a
dedicated CRO deal with ERM? What is the role for the board in such a process?
- Should Blue Wood hedge its exposures to commodities and foreign currencies? If so,
how should it go about hedging; for example, in terms of:
managing, monitoring, and evaluating the hedging program
amounts hedged
time horizon of the hedges
instruments used
budget for option premiums
accounting and reporting the hedging program
- Are there other areas where Blue Wood should consider a risk management program?
Instructions for Question 1
Write around 2 pages
No Copy Paste
Add Citation with references
Find Chapter 18 in below link for reference
http://3.droppdf.com/files/l545g/implementing-enterprise-risk-management.pdf
Question 2
Chapter 18 presented special risk management issues with Blue Wood Chocolates, and chapter 19 presented various financial risks at Kilgore Custom Milling. If Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role for the board in such a process?
To complete this assignment, you must ANSWER ALL OF THE QUESTIONS Below Mentioned
- A) Create a new thread. As indicated above, if Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role for the board in such a process? Instructions for Question 2
Write around 300-350 words
No Copy Paste
Add Citation with references
Find Chapter 18 & Chapter 19 in below link for reference
http://3.droppdf.com/files/l545g/implementing-enterprise-risk-management.pdf
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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