Question
You have been recently hired as the Minister of Enterprise Risk, in the office of the Prime Minister, for your island/territory. The country's revenue stream
You have been recently hired as the Minister of Enterprise Risk, in the office of the Prime Minister, for your island/territory.
The country's revenue stream is derived from the following:
Energy/Energy industries 40% of its revenue (projected)
20% from manufacturing/exports
40% of tourism
There are 6 ministries that constitute the government they are:
Finance Ministry
Health and Safety Ministry
Tourism Ministry
Energy ministry
Environment and sustainability ministry
Social services ministry
The country has seen negative growth for the last 2 years, crime has increased, the population is restless and they have an immigration problem with an influx of citizens from neighboring islands. There is a global pandemic, a war in Europe is now 8 months old and counting, fuel, and food prices are rising and further supply chain disruptions are expected.
You have been asked to develop and submit to Cabinet for approval: A plan to implement an ERM framework that will be used by all business sectors. The framework must include, (along with other issues you deem important) the following:
Question:Identify the current risk culture stage of the tourism ministry and recommend approaches for Enhancing the risk culture of the employees.
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