Enterprise Risk Management $($ERM$)$ is a comprehensive and systematic approach used by organizations to identify, assess, prioritize, and manage risks that may impact the achievement of their objectives. It involves a coordinated effort across the entire organization to understand and address risks in a proactive and integrated manner. ERM begins with the identification of potential risks that could affect the organization's ability to achieve its strategic objectives. Risks can arise from various sources, including internal processes, external factors, strategic decisions, and regulatory changes.

The purpose of this assignment is to establish the global risk categories that are appropriate with a case study, as mentioned in question $(1),$ to improve the skills of students to evaluate and quantify the identified risks.

b$.$ Conduct a Political, Economic, Social, and Technological $($PEST$)$ analysis for the mentioned case study and discuss thoroughly each criteria of PEST elements.