Strategic Risk Management with the LEGO Group

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Chapter 6 presented strategic risk management with the LEGO Group. What exactly is strategic risk management? What are some examples of strategic risk? How can we measure and manage strategic risk? Are there a framework which an organization can use to navigate strategic risk management? Give specific examples of how other organizations implemented strategic risk management within their organizations and if it was successful or not.

Required 500 words with Providing a minimum of 3 references.

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Textbook: Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies
and best practices. John Wiley & Sons