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.

QUESTION 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 and Game can implement contingency and emergency planning.

QUESTION 3

Companies like Makro and Game are thinking about implementing further controls to mitigate against risk 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.

QUESTION 4

Elaborate on the ERM process and discuss the four strategies in terms of the risk response strategy as applied to companies like Makro and Game when faced with such risk. Evaluate which strategy / strategies they used based on the case study.