Implementing Risk Management Program |
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Caselet 01
Prima Industries Ltd. was a medium-sized Indian company operating in a mature
market for about a decade. It had fully functional departments like,
operations, quality assurance/quality control, product development, sales
and marketing, engineering and maintenance, warehousing and distribution,
and finance and IT.
The board wanted a risk management program that could
identify and monitor the organization's risks and assure the board and
stakeholders that prudent and diligent measures were in place to minimize
liabilities to the company arising from various risks.
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