Below attachment is the outline. And already pasted the outline here.docx
- 1. Below attachment is the outline. And already pasted the outline here as well. Course: Enterprise Risk Management Topic: Airlines To_Do: 1. Residency Paper Information by 10/19(Tomorrow) 10 AM EST. 2. Residency Presentation Information by 10/19(Tomorrow) 5 PM EST. Below are the guidelines which you need to follow. Residency Paper Information: Pick an industry/company to focus on for this assignment. Based upon the given information you can find on the company and any past issues/breaches the company has gone through, write up an analysis paper on how good Enterprise Risk Management could benefit the company. 1. Introduction – brief background of company and any issues the company has had in the past such as data breaches 2. A narrative on the organization that you have chosen (to include strategy, core business activities, recent financial performance and corporate view of risk management) 3. An analysis of the key political, economic, social, technical, legislative and environmental risks that the organization is
- 2. currently facing 4. Explore Traditional risk management methods. Explain and define them. 5. Explore Enterprise Risk Management methods. Explain and define them. 6. What are the benefits and limitations in using ERM? 7. What are the key roles and responsibilities for ERM? 8. What are the key items the company needs to address and what are the risks associated with it? 9. Provide recommendations for the company to improve their ERM. 10. Conclusion 11. References – APA format Page Count Range should be 20 pages not including: Title page, Table of Contents and References page All References are to be in APA format. Residency Presentation Information: Based upon the research and writing completed for the paper, prepare a presentation that will look at 4-5 Risk items the company needs to focus on. 1. Identify the Risk
- 3. 2. Analyze the Risk 3. Evaluate or Rank the Risk 4. Recommendation on the Risk Slide 1 – Title Slide w/ all group members names Slide 2 – Brief company information Slide 3-7 – Company Risk Items Slide 8-9 – Summary of Recommendations for the company to improve their ERM Slide 10 – References Page Count Range should be 10 pages not including: Title page, Table of Contents and References page OUTLINE SUBMITTED THESIS: The importance of Enterprise risk management in Southwest Airlines Introduction · Company background · Mission and Vision of southwest airlines Company strategy
- 4. · Southwest business strategy · Core business activities · 2018 financial performance · Corporate view of risk management Key factors that influence risk in southwest airlines · Economic factors · Political factors · Environmental factors · Legislative factors · Technical factors · Social factors Key Items in southwest airlines · Identifications of risks · Risk mitigation plan · Management of risks Traditional risk management · Traditional risk management methods · Traditional risk management tools
- 5. · Southwest airline risk model Enterprise risk management · Enterprise risk management tools in South west airlines · ERM frameworks in southwest airlines Benefits and limitations · Advantage of risk management · Disadvantages of risk management Recommendations · Analysis of risk affected areas · Update on risk mitigation plan · Implementation of risk strategies Conclusion References