Question: Based on the tables given below, answer the questions that follow. Risk Probable Impact (in $ Million) Probable Velocity Non-Financial Impact Risk 1: Data hacking,

Based on the tables given below, answer the questions that follow.

Risk Probable Impact (in $ Million) Probable Velocity

Non-Financial Impact

Risk 1: Data hacking, which could lead to a breach and loss of data

1.7 to 1.9 million

High

Loss of data security

Risk 2: Use of old technology saws, which leads to 15% raw material wastage 3.1 to 3.4 million Low Probable loss of employee branding
Risk 3: Pandemic induced market depression, which could lead to reduced sales 4.5 to 4.7 million Medium Loss in motivation for the sales team

Risk 4: New regulations on working shifts that could lead to shutting down of night shift working in factories

2.4 to 2.6 million High Lay-offs of night shift workers
Risk 5: End customers preferring biodegradable plastic packaging, which might impact the current product line 0.6 to 0.8 million Low No growth in brand value

Impact Scale Probable Impact (in $ Million)
1 0-0.9 million
2 1.0-1.9 million
3 2.0-2.9 million
4 3.0-3.9 million
5 4.0 million and above

Question : What possible mitigation strategies can Stora Enso employ to reduce the risks it is facing? State at least one strategy for each risk and fill column H of the 'Risk Register' sheet of the template provided.

Based on the tables given below, answer the

1 2 SAW N 3 4 5 6 7 A Risk 1 Risk 2 Risk 3 Risk 4 Risk 5 B RISKS Data hacking Use of old technology Declining sales New regulations biodegradable plastic C D E F G H LIKELIHOOD IMPACT VELOCITY RISK SCORE AGGRAVATING FACTOR MITIGATING STRATEGIES 2 2 4 High Low 4 4 16 4 Medium 20 4 High 12 3 Low 3 53 1 1 2 SAW N 3 4 5 6 7 A Risk 1 Risk 2 Risk 3 Risk 4 Risk 5 B RISKS Data hacking Use of old technology Declining sales New regulations biodegradable plastic C D E F G H LIKELIHOOD IMPACT VELOCITY RISK SCORE AGGRAVATING FACTOR MITIGATING STRATEGIES 2 2 4 High Low 4 4 16 4 Medium 20 4 High 12 3 Low 3 53 1

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