This is a combined assignment because they are related and the requirements are explained below. The two parts will be graded separately, however both needed in separate docs

Part I: Discussion

From a broad perspective, illustrate the four elements of Risk Management that were used by the LEGO Group. As with all methods and tools, there are strengths and weaknesses. Identify a strength and a weakness of the four elements of Risk Management.

In addition to creating your post, you need to respond to at least 3 other classmates. Make the replies substantial—add or explain something new that is related to the classmates’ post.

Part II: Assignment

You have now had the opportunity to look at the pros and cons of the four elements of Risk Management that were illustrated by the LEGO Group. For this assignment, you are to take the four elements, apply them to a different company, whether real or theoretical, and identify whether they are for damage control or they are proactive. Justify why you have identified them as damage control or proactive.