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Information
Social/environmental
impacts?
Reputational
risks?
Local
residents
There
was
ecological
damage
to
coastlines
and
local
wildlife.
This
was
positive
as
many
volunteered
with
the
clean-up
operation
and
helped
treat
affected
animals.
Local
businesses
Tourism
and
fishing
businesses
were
badly
hit,
affecting
families
and
others
whose
livelihoods
were
based
on
the
sea.
Longer-term
demand
may
be
affected
in
customers’
eyes
as
fewer
people
would
travel
to
this
location
if
they
felt
it
had
been
spoiled.
Risk
Management
110
Test
your
learning
Suggest
five
types
of
environmental
factor
that
could
be
used
to
formulate
strategy.
1
What
are
the
two
main
types
of
strategy
that
Porter
(1980)
suggested
an
organisation
should
2
adopt
in
order
to
compete
successfully
with
its
rivals?
What
does
the
term
‘disruption’
mean
in
terms
of
strategy
formulation?
3
What
are
the
three
pillars
used
in
the
Basel
III
stress
testing
methodology?
4
What
is
reputational
risk?
5
What
is
a
brand?
6
3:
Strategy,
reputation
and
risk
111
Risk
Management
112
Table of contents
- TOC_FrontMatter
- TOC_Chapters
- TOC_BackMatter
- TOC_INDEX_BIBLIOGRAPHY