Chapters 30, 31, and 34(Attached) presented three mini-case studies on ERM and risk. Each one presented a slightly different risk scenario. Suppose General Motors wants to replace one of their traditional lines of vehicles with all electric models. How could GM use game theory to identify and assess the major risks to this decision? Identify two major risks that would result from GM converting an existing line to an all-electric line. Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM’s five point scale.
Original Discussion(What’s need to be done) – You must do the following: Suppose General Motors wants to replace one of their traditional lines of vehicles with all electric models. How could GM use game theory to identify and assess the major risks to this decision? Identify two major risks that would result from GM converting an existing line to an all-electric line. Provide a brief discussion of each risk, and your assessment of the levels of inherent, current, and residual risk, using GM’s five point scale.
NOTE: These discussions should be informal discussions, NOT research papers. If you MUST directly quote a resource, then cite it properly.
The original discussion should be a minimum of 300 words with at least 3 references in APA style.
After this, there is an attached document called “Discussion needs responses”. In this document there are three discussions which needs responses. Each response should be a minimum of 150 words.
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