Chapters 30, 31, and 34 presented three mini-case studies on ERM and risk. Each one presented a slightly different risk scenario. Suppose General Motors wants to replace one of their traditional lines of vehicles with all electric models. How could GM use game theory to identify and assess the major risks to this decision?
Identify two major risks that would result from GM converting an existing line to an all-electric line. Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM’s five point scale.
To complete this assignment, you must do the following:
Suppose General Motors wants to replace one of their traditional lines of vehicles with all electric models. How could GM use game theory to identify and assess the major risks to this decision? Identify two major risks that would result from GM converting an existing line to an all-electric line. Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM’s five point scale.
Instructions:
A) Post an answer to the Discussion Question (150-word minimum) by creating a thread. This should be done by Sunday night.
B) Respond to AT LEAST another post, evaluating the pros and cons of the recommendations.
Your comments should extend the conversation started with the thread (also 150-word minimum).ALL original posts and comments must be substantive (150-word minimum).Include at least two references in your answer to the question. Your reference(s) should be APA compliant.
NOTE: No plagiarism