Report on Lego’s Strategic Risk Management
Lego is among the most reputable toy manufacturing companies globally. Ole Kirk Christiansen started Lego in the mid-20th century. It deals in wooden toys, plastic toys, board games, blocks and theme parks. Moreover, the company has a reputable risk management strategy.
Lego’s risk management director says to achieve a renowned risk management status; he enjoyed complete support from the company’s management in terms of tools and processes. Lego approaches to risk management employ a triple effort targeting three things. On definition, Lego has a process based on scenarios that they project risks and formulate counter-management processes based on extrapolations.
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