Question: 1.Critically evaluate the short, medium, and long-term risks that companies like Makro and Game have suffered and/or likely to suffer if the unrest events persist
1.Critically evaluate the short, medium, and long-term risks that companies like Makro and Game have suffered and/or likely to suffer if the unrest events persist (25 Marks) 2. In meeting its objectives, organisational risk management is also concerned with planning to deal with loss situations and to recover from losses. Discuss how businesses like Makro can implement contigency and emergency planning.?(25 Marks) 3. Companies like Makro and Game are thinking about implementing further controls to mitigate against risks like the unrest they experienced. With the use of an appropriate diagram and examples, advise these companies on how they can go about determining if controls are cost effective, so they do not go overboard with implementing controls that are not cost effective. (25 marks) 4. Elaborate on the ERM process and discuss the four strategies in terms of 'risk response strategy/strategies that Massmart used. (25 Marks)
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