7. What are the differences in a consequence driven versus a cause driven approach to risk management? For what environments is each approach the most applicable? Explain your answer. What are the main steps in a cause driven approach to supply chain risk management? What are the main steps in the consequence driven approach to risk management?

11.What were some of the major flaws in the way Toyota managed the recent product recall situation? Identify at least three such flaws, explain why you characterize them so, and prescribe the right way to have handled the situation. You might want to contrast the product recall management of Toyota with that of Mattel, if it helps you to advance your points