Jacob is the owner of Jacob’s Jam. What started as a hobby, quickly turned into a successful business. Jacob initially started selling his jams at local markets. The demand for his products grew quickly. He could no longer use his own kitchen and moved into a rental space in the industrial area. This allowed him to increase production and accommodate his new employees. He now supplies local stores and he also started selling online. He is also considering an offer from a venture capitalist. This would allow Jacob’s Jam to expand internationally. He knows that as his business is growing rapidly, he is exposed to more risks. Recently his business was a near victim of cyber-crime. He wants to know more about risk management. He came to you with a few questions relating to risk management, corporate governance and operational risk. You decided that you will compile a report that answers all his questions. The report should follow the following format: Use the following guidelines to assist you in writing the report: 1. Introduction: Provide some background information and a summary of what is to follow in the report. The introduction should entice the reader to continue reading. 2. Enterprise Risk Management 2.1 Provide a definition of what enterprise risk management is. Identify the fundamental concepts that this definition reflects. Relate the definition to Jacob’s Jam. 3. Operational Risk 3.1 Provide a definition of operational risk. Support your definition with two examples that are applicable to Jacob’s Jam. 3.2 Explain what cyber risk is. Support your definition with a researched example of a South African company that fell victim to cyber risk. Provide him with examples of two (2) cyber risks that Jacob’s Jam could face. Include the possible consequences. 3.3 Provide him with examples of basic principles according to which cyber risk should be managed. 4. Corporate Governance. 4.1 Conduct Research on King IV. Give a brief overview and list the principles. 4.2 Provide a definition of what corporate governance is. 4.3 Provide a comprehensive researched example of a well-known South African organisation that has shown a lack of corporate governance. There should be a clear link to what you have researched on King IV and the example. For example, clearly indicate which principles they did not adhered to. Examples merely copied from a source will not warrant marks. 5. Conclusion Reflect the report’s content and relate to introduction. Summarise and reinforce the main ideas communicated in the report.
Jacob is the owner of Jacob’s Jam. What started as a hobby, quickly turned into a successful business. Jacob initially started selling his jams at local markets. The demand for his products grew quickly. He could no longer use his own kitchen and moved into a rental space in the industrial area. This allowed him to increase production and accommodate his new employees. He now supplies local stores and he also started selling online. He is also considering an offer from a venture capitalist. This would allow Jacob’s Jam to expand internationally.
He knows that as his business is growing rapidly, he is exposed to more risks. Recently his business was a near victim of cyber-crime. He wants to know more about risk management. He came to you with a few questions relating to risk management, corporate governance and operational risk. You decided that you will compile a report that answers all his questions. The report should follow the following format:
Use the following guidelines to assist you in writing the report:
1. Introduction:
Provide some background information and a summary of what is to follow in the report.
The introduction should entice the reader to continue reading.
2. Enterprise Risk Management
2.1 Provide a definition of what enterprise risk management is. Identify the fundamental
concepts that this definition reflects. Relate the definition to Jacob’s Jam.
3. Operational Risk
3.1 Provide a definition of operational risk. Support your definition with two examples
that are applicable to Jacob’s Jam.
3.2 Explain what cyber risk is. Support your definition with a researched example of a
South African company that fell victim to cyber risk.
Provide him with examples of two (2) cyber risks that Jacob’s Jam could face. Include the possible consequences.
3.3 Provide him with examples of basic principles according to which cyber risk should be managed.
4. Corporate Governance.
4.1 Conduct Research on King IV. Give a brief overview and list the principles.
4.2 Provide a definition of what corporate governance is.
4.3 Provide a comprehensive researched example of a well-known South African organisation that has shown a lack of corporate governance. There should be a clear link to what you have researched on King IV and the example. For example, clearly indicate which principles they did not adhered to. Examples merely copied from a source will not warrant marks.
5. Conclusion
Reflect the report’s content and relate to introduction. Summarise and reinforce the main ideas communicated in the report.
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