ERM at the LEGO Group: Explicit Management of Strategic Risks

 

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  • Type:
  • Published:
  • April 8, 2014
  • Author:
  • APQC
  • Pages:
  • 7
  • Price:
  • Member: FREE

This case study shows how the LEGO Group’s strategic risk management processes—and its devotion to maintaining a high level of risk intelligence among business unit professionals—lets the organization consider shareholder value as well as risk prevention and mitigation. The explicit management of strategic risks helps the company to avoid value erosion, as well as drive value creation.

The LEGO Group does this by creating processes that prompt meaningful conversations. These are practical, eyes-wide-open conversations about risks and opportunities that the company must identify, address, and manage in order to sustain its ability to compete effectively.

Read the full best practices report: Enterprise Risk Management: Seven Imperatives for Process Excellence

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