IBS Center for Management Research Implementing a Risk Management Program ic a wi 9 Yr Pad i RR 5 nh ane ‘Reo Sn pif peers nes edn eb ts en ‘eco Fay Seed yaeed tS sin Pen, atom agement wow jemrindiaorgner eA RE ‘promiee2 Implementing a Risk Management Program ‘ris Indies Li was a medigmaize Indian company oper in matures frsbost 1 Sede had fay faba Eoin he pees eabiy waeeae 1a he wake of erlitin of Indian makes and increasing competion, the copay wes ‘xsi o wana ik ring fom casing icnolgy. iin metas cea ronment ths cole. te bowd ae cxciine mamma! plead Seen wa ‘mshment sk mugen program thous ou he ergeiae Ther vata 9 Se minaret progr that could ny wa mar he anes std aie he ed a salaboen ot prea and diligent ewe weet ple mae tins ee ria aproaces tbe development ed implementation of th ik minwgemca gr io five Stage 1: Ai he eepleyees wate infored abou the objectives the rik mans [rpam, A sskwbvior washed te deveep teeny ra pee Tie snore a sn coploys fm wares departments Wo pe wiping vw ole eee ‘pons other weak ts pl speak conel yee Teche ee Sigs, mil) insert on prop & Yk rin tig vrs anon sob en ‘inks: Altec wrs dosent air ng rank dcpotig cece ech Sage 2: sk manent sing ean (tw Hanne th nthe management ‘ys win pice the acing Sanit woul te chee ahs operons eee ‘va pl wa up wo cals pias fri ashi the val i ee "oka whe pad fat on quatve ata sl ag moe Thee Inve lng ap + Eads was gn weight ie) byte commis in eof eave +The weighed vera scr of ac rk expoie wa no + Thee sted with exh ik expen othe rtization wa clu 1+ Toecox-benei of ech is sponse was ell Then eve poy isi ‘Soe 3: A far son pun er managing the orga ik was devised depen os he ‘sk nics td contents of varus nak responses Teli of neserany eke kc ‘ours and ots equ ouplonen ik managment weeImpmentng Risk Managerent Program ‘Stage 4 The mplemenntion ofthe sk manage! program was lef to te mangers of the Dstt ni very unt was given «fs fit manages! ck, The ut fo ed te ropes abd sleds Rings to the reer eis ane Wo aw wee tye Iniplementng ek management progam Sage 3: reprise wasp i pice to mona omen epost risk ranpeneat proce (o vasous pare init nit Themes of he un wee lore Iametinely abou any product defo, Iipuon ce sche rcp ‘The euarery performance "eps wer submited io the top mange a he los, ek ad wt ote e ‘pariontotnes unt Within «yar, ri management had become a itgrl proces tris, The bau was tise wh he evens fhe ak management ropa inating spas As Sean wasn, the caiman, afer seeing femncnl repo incarprating the risk manages pe a ow am convicel thet oir rgeiation uly equiped to ep To mya» Ul ‘mis the Hai ote company” a ‘QUESTIONS FOR DISCUSSION; |. Analyze Pris snes pole a reali of ls hatch is depts say beexpued 2. Comment on te approach ado hy rims in devin and enplomeing a rk emanate tos er ok mange pat Mk 3. "Ons he isk management sem i it lcs he sing smi wil hein har soa pan = What wil bee all Us comm sk rose pec”