EA Elaborate on the ERM process support your discussion by using examples from the case. Provide a clear and supported definition of what is ERM and what is its purpose. What are the 3 key steps according to Fraser and Jenkins (2010) that need to be present for this process to function? Provide examples from the case how they applied this process (key steps) Discuss the importance of the Key Risk indicators, support your discussion by using examples from the case. Why are key risk indicators important? What are they and what purpose do they serve (advantages of having them). Discuss 5 aspects of this importance. Elaborate on the difference between the Key Performance Indicators and the Key Risk Indicators. Search online for an explanation of each and show the differences (advantages and disadvantages). Not as points but use them to compare both methods. Elaborate on other types of risks that the company may face. Suggested types may include liquidity risk, foreign currency etc..... Need to provide 4 other types of risks. CB Elaborate on how AOU could use the concepts in the balanced scorecard. How does AOU as an institution use the BSC and what are main KPIs AOU would apply with providing examples of the main KPIs (at least 2 measures for each of the main KPIs). PARTC 1. Produce the relevant financial information for the senior management team to support the business strategy Prepare the table comparing the difference between items such as gross profits and overheads and operating profits etc.... 2. Identify any financial and non-financial details arising from the strategy that need to be addressed Discuss the two strategies. What may be needed for the budget (sales mix, warehousing costs, distribution costs etc...) Discuss the two strategies in terms of increasing sales, expanding into new geographical areas etc. What are the costs involved in the operation and whether they are able to deliver on time, are the personnel (HR stal sufficient, the possession of knowledge Basically, the financial and non-financial issues that surround the strategy