In a short essay, list and discuss the five types of risks a firm encounters due to the impact of climate change.
What will be an ideal response?
a. Regulatory risk – based on the belief that as the climate change continues to impact the global environment, government from around the world adapt stronger and more rigid regulations to control GHG emissions
b. Supply chain risk – based on the assumption that as climate change continues to impact the world, the vulnerability of suppliers and the raw materials needed for manufacturing will decrease
c. Litigation risk – based on the premise that firms with high GHG emission levels will be
threatened more frequently with lawsuits similar to those established in the tobacco,
pharmaceutical and asbestos industries
d. Reputational risk – related to how the customer perceives the firm. If the reputation and image of the firm is negative due to its high level of GHG emissions, it could reduce or eliminate the firm’s competitive advantage in the market place.
e. Physical risk – relates to how changes in climate result in weather disasters such as droughts, floods, storms and rising sea levels
You might also like to view...
What are some of the guidelines that can help managers improve the ability to learn about other cultures?
What will be an ideal response?
Liz has a dream to be an accomplished piano player. However, something is impeding her progress toward this goal. Liz works hard when she sits down at the piano, and she knows exactly what and how to practice the piano. The problem seems to be she does not practice consistently, and weeks go by between times when she tries to practice. She only practices when she feels like it. According to this scenario, what element of motivation is Liz missing?
A. energy B. direction C. maintenance D. leadership
Which of the following is NOT a part of a corporation's annual report?
A) report of independent registered public accounting firm B) MD&A C) notes to financial statements D) employees' pay rates
Courtlyn’s company uses a local river for dumping. The company is aware that the chemical it dumps causes plant life in the river to die. However, the chemical is so new that no regulations have been written about it. It appears Courtlyn’s company is at the ______ level of corporate social responsibility.
A. legal B. ethical C. benevolent D. social