In Chapters 23 and 27, the author of our textbook (Risk Management and Financial Institutions 5th edition John C. Hull) covers operational risk and enterprise risk management (ERM) associated with financial institutions especially banks.

1. Are these principles/rules applicable in non-financial corporations?

Use Boeing Companys experience with its 737 MAX as an example to discuss how to apply the principles/rules identified for banks to non-financial companies. Be sure to cover the category of operational risk, causes, some possible quantitative measures of damage, and some possible methods to prevent it from happening (at all or again) identified for 737 MAX crisis for Boeing.

2. In addition, briefly discuss a possible ERM framework for Boeing including types of risks covered in this framework and possible risk appetite, risk culture, and possible procedures used in managing these risks.