Question $1\mathrm{.}1$

Critically discuss the risk identification elements and process to be considered by

Vodacom to navigate through these uncertain times.

Question $1\mathrm{.}2$

Identify and discuss how Vodacom can control the above risk elements to reduce the

impacts of the potential risks to their business. The Fourth Industrial Revolution represents a fundamental change in the way we live, work, and relate to one another. It is a new chapter human development, enabled by extraordinary technological advances equal to those of the first, second and third industrial revolutions. These advances are merging the physical, digital, and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value, and even what it means to be human.

The future economy, the future of jobs, education, finance, energy $$ indeed the future of everything have been titles of conferences and committees at national and international levels for over half a decade. What COVID$-19$ has done is accelerate the disruption already heralded by the Fourth Industrial Revolution and demographic trends and underscore the urgency required to address systemic vulnerabilities. In formulating this sustainable strategy, it is therefore essential that we continue to consider the bigger picture at the same time as planning the responses and eventual recovery from the current crises.

In May $2020$ the World Business Council on Sustainable Development $($WBCSD$)$ outlined $12$ macro trends set to shape the next decade towards $2030.$ These represent major shifts in the demographic, environmental, economic, technological, political, and cultural landscapes that can be foreseen with a relatively high degree of certainty, though their implications are often more uncertain or ambiguous.

Companies with a strong sustainability focus must align their strategies with these macro trends and disruptions if they are to remain resilient and sustainable into the next decade and beyond. For businesses, the opportunity exists to accelerate transformation towards more sustainable and digital operating models, while enhancing productivity. Technology has demonstrably helped societies manage the crisis and provided a window into the benefits of more technology$-$enhanced ways of learning, working, and producing $$ from telemedicine to logistics to the knowledge economy. Collaboration between the public and private sectors has helped solve some of the most urgent challenges associated with the pandemic, opening the door to accelerating such approaches in the future. Now more than ever there is a greater urgency for business to turn the lens on itself and truly understand its purpose and role in society if we are to create a better future that will sustain into the first half of the $21$st century.

QUESTIONS:

$1.$ Critically discuss the risk identification elements and process to be considered by Vodacom to navigate through these uncertain times. $(50$ marks$)$

$2.$ Identify and discuss how Vodacom can control the above risk elements to reduce the impacts of the potential risks to their business. $(50$ marks$)$