AWRC is one of the few remaining foundries in the global semiconductor industry. This “chip” manufacturer is based in Technesia, a country in Southeast Asia. The company is a relative newcomer to the highly competitive and concentrated chip industry but it has quickly become deeply embedded in complex supply chains spanning the globe. Its primary markets are in Europe where it benefits from ASEAN. It hopes that the recently negotiated RCEP agreement will further boost its business to neighboring countries in Southeast Asia.
Assignment Part 1 (30% of your effort here):
Develop a risk classification scheme for AWRC. You should consider a variety of risks analyzing their potential impacts on civil society, their relationship with the government, economic and firm-level impacts. Don’t forget to assess whether the risk impacts are global or local.
Part 2 (70%):
Then, using the risks in the high-impact low probability exogenous shock category, help AWRC plan a firm response to these shocks using an ERM framework. Make sure you include specific ideas and strategies the company can use to plan for risk, mitigate a crisis when it occurs and develop resilience. Be sure to balance different stakeholder needs in your response.
Your total report should be 3,000 words. All references must be cited. APA formatting for in-text citations and references is preferred. References are not included in the word count. The following grading criteria will be applied: