Student 1: Game Theory aims to help us to understand the interaction of decision-makers and their situation. A game in the everyday sense “a competitive activity . . . in which players contend with each other according to a set of rules”, in the words of my dictionary is an example of such a the situation, but the scope of game theory is vastly larger. GM can use game theory to identify the potential risks from the perspective of consumers, suppliers, competitors, and employees. If GM wants to undergo any change, the suppliers must also make changes in order to satisfy GM’s needs for the new model. GM does build its cars, but there are many suppliers involved in manufacturing (Budler & Trkman, 2017). GM has to completely change the requirements for the suppliers to electrical components required to build electric cars from the traditional requirements which they had previously. a. One of the major risks involved to make electric cars is the lack of expertise. GM’s employees work on traditional vehicles that run on gasoline. The new electric line of vehicles needs employees who are experts in electrical components and there’s always a risk involved in finding such employees. b. Another risk involved is the lack of electric charging stations across the globe. As we all know that electric vehicles can only go up to a range of 300 miles in a single charge and needs at least 30-40 mins of charging before running another 300 miles. This means charging stations need to be placed every 300 miles across the country. GM might face the risk of losing customers to another competitor if they do not have enough charging stations. Reference Budler, M., & Trkman, P. (2017, June). The role of game theory in the development of business models n supply chains. In 2017 IEEE Technology & Engineering Management Conference (TEMSCON) (pp. 155- 59). IEEE. Student 2: One of the leading companies in dealing with motor vehicles is the general motors. It has successfully managed concurrences with the arrival of the Chevrolet Bolt EV. The size of the car is an important aspect when it comes to motor vehicles. The electric vehicle can be used in demonstrating masses in affiliation (Case study E hot-rod car project, 2019). The GM decided to replace one of their traditional model of cars with electric vehicles. The introduction of the electric vehicles supporters and correspondents assures that GM feared more significant advancement in the field of electric vehicles. Meddling with the extra parts option since the electric-powered vehicles have a smaller number of parts compared to the traditional vehicles that they intended to replace. For the General Motors, the Game theory is very important, and it resolves to neglect the conventional model and to adopt the new models which are electric. The change will act as a strategy to attract and expand the customer base to suit them on the advantage, to have a more significant impression to the clients, the general motors need t ...

1. Student 1:
Game Theory aims to help us to understand the interaction of
decision-makers and their situation. A game in the everyday
sense “a competitive activity . . . in which players contend with
each other according to a set of rules”, in the words of my
dictionary is an example of such a the situation, but the scope
of game theory is vastly larger.
GM can use game theory to identify the potential risks from the
perspective of consumers, suppliers, competitors, and
employees. If GM wants to undergo any change, the suppliers
must also make changes in order to satisfy GM’s needs for the
new model. GM does build its cars, but there are many suppliers
involved in manufacturing (Budler & Trkman, 2017). GM has to
completely change the requirements for the suppliers to
electrical components required to build electric cars from the
traditional requirements which they had previously.
a. One of the major risks involved to make electric cars is the
lack of expertise. GM’s employees work on traditional vehicles
that run on gasoline. The new electric line of vehicles needs
employees who are experts in electrical components and there’s
always a risk involved in finding such employees.
b. Another risk involved is the lack of electric charging stations
across the globe. As we all know that electric vehicles can only
go up to a range of 300 miles in a single charge and needs at
least 30-40 mins of charging before running another 300 miles.
This means charging stations need to be placed every 300 miles
across the country. GM might face the risk of losing customers
to another competitor if they do not have enough charging
stations.
Reference
Budler, M., & Trkman, P. (2017, June). The role of game theory
in the development of business models
n supply chains. In 2017 IEEE Technology & Engineering

2. Management Conference (TEMSCON) (pp. 155-
59). IEEE.
Student 2:
One of the leading companies in dealing with motor vehicles is
the general motors. It has successfully managed concurrences
with the arrival of the Chevrolet Bolt EV. The size of the car is
an important aspect when it comes to motor vehicles. The
electric vehicle can be used in demonstrating masses in
affiliation (Case study E hot-rod car project, 2019). The GM
decided to replace one of their traditional model of cars w ith
electric vehicles. The introduction of the electric vehicles
supporters and correspondents assures that GM feared more
significant advancement in the field of electric vehicles.
Meddling with the extra parts option since the electric-powered
vehicles have a smaller number of parts compared to the
traditional vehicles that they intended to replace.
For the General Motors, the Game theory is very important, and
it resolves to neglect the conventional model and to adopt the
new models which are electric. The change will act as a strategy
to attract and expand the customer base to suit them on the
advantage, to have a more significant impression to the clients,
the general motors need to make use of the conditions, and a
more significant challenge is how to change the terms and the
effects to the market.
The market response is a significant risk. There is a need by the
general motors to evaluate how their things will impact on the
clients and how they contrast to the things of the test. The two
are the main threats or risks that general motors need to focus
on .hey have to analyze if the customers will be in favor of the
new model and the significance of the latest model to the
organization or the company (Case study E hot-rod car project,
2019). The company stands at a crossroad which is
comparatively dangerous on whether to organize most of its
advantages on the new electric models or if to concentrate its
strengths on benefiting the powerful standard models. It is

3. essential to note that the electric models are designed for the
future, and the organization must go to that direction for
relevance in the future, but it also has some obstacles.
Main risks
There are many dangers associated with the shift from the
traditional model to the electric model and are likely to affect
the general motors. One of the perils is the center shot.it is
worthy to note that the company does not and will not care to
contribute conversely. The company needs to put more effort
and focus more on the new electric model (Vecasey, 2018). This
property suggests that it can be facilitated in a single district.
The other peril is the market possibility .this danger can
mistakenly in the market due to the impact of stiff competition
and vulnerabilities
References
Case study E hot-rod car project. (2019). Managing Project
Risks, 417-419. doi:10.1002/9781119489719.oth5
Casey, P. (2018). GM light-duty fuel cell electric vehicle
validation data. doi:10.2172/1479624
Student 3:
ERM at General Motors and Risks
The ERM of General Motors was founded in the year of 2010.
Within the company, the CRO was selected to support the
program. The General Motors game theory can use to announce
with a sustainable electric vehicle that is powered with the
electric emission that as the traditional vehicles performance
that is offering at least 200 miles per gallon and the traditional
vehicles are incapable to reach (Mitropoulou, & et al, 2018).
From this decision, the two major risks are driven those are
· To purchase these electric vehicles the customers are not
willing to purchase because of fear that to stop on the road
(entrusted engine).
· Because of the cost, the customers were retained to buy these
cars. When compared to traditional vehicles there is no doubt
that these electric cars are more expensive.

4. Entrusted Engine
From purchasing the electric cars the customers may refrain that
not only because of fear that the engine to break down at any
time of operating and also because of car size. The car may not
be enough to carry the number passengers the owner wants to
ride with.
Cost
The interesting factor is the cost where the people may believe
that the electric car is costly based on its size event though on
gas it will save them money (Robinson & Bingyong Zheng,
2010).
How could General Motors use the game theory to identify and
access the major risks to this decision?
Motors are possible to influence other actions and the usage of
scientific theory will play an important role in avoiding the
different types of misunderstanding. The game theory was used
that wherever the organization management will place
themselves on every player's shoes and looking for clarification
from them that ability to understand that whether they are
comfy with the provided decision or not. Their views were
given by the players and asked if they needed each possibility
which was enforced as well as the choices out of their
management and with the different player's list choice will be
important (Thun & et al, 2011).
References
Mitropoulou, G., Haba-Rubio, J., & Heinzer, R. (2018). Score
NoSAS: un outil de dépistage du syndrome d’apnées du sommeil
pour le médecin de premier recours. Praxis (16618157), 107(6),
323–327. https://doi.org/10.1024/1661-8157/a002921
Robinson, C., & Bingyong Zheng. (2010). Moral hazard,
insurance claims, and repeated insurance contracts. Canadian
Journal of Economics, 43(3), 967–
993. https://doi.org/10.1111/j.1540-5982.2010.01602.x
Thun, J.-H., Drüke, M., & Hoenig, D. (2011). Managing
uncertainty - an empirical analysis of supply chain risk
management in small and medium-sized enterprises.

5. International Journal of Production Research, 49(18), 5511–
5525. https://doi.org/10.1080/00207543.2011.563901
GOVT 2306 Research Paper Requirements and Grading
Assignment details:
1. Select a current Texas political issue and briefly describe the
issue and what the different viewpoints are. For example, the
topic could be legalization of marijuana in Texas. The
viewpoints are either for legalization or against it.
2. Research the topic using three professional sources (books,
journals, newspapers, magazines, or websites that end in .org,
.edu, or .gov) and compare and contrast the different viewpoints
and positions on your topic. Fully address the different sides of
the issue and demonstrate an understanding of its complexities.
3. Draw a personal conclusion based on your analysis of the
issue and present an informed evaluation from the evidence.
4. Your paper will include the body of work and a Works Cited
Page (list or resources used).
5. Do not include your name or the instructor’s name on the
paper. Submit your paper through Blackboard by the due date as
posted in the Course Syllabus. Fyi, the paper will automatically
be ran through a program that checks for plagiarism. Plagiarized
work will receive a grade of zero (0) with no opportunity for
make-up.
Requirements for formatting your paper:
· Completed in Microsoft Word
· Use MLA (Modern Language Association) Formatting
· Details and helpful information can be found at
http://owl.english.purdue.edu/owl/resource/747/01/
· 12 or 14 inch font
· Verdana font

6. · Double spaced
Grading Basics:
· The body of the research paper must be a minimum of 1,000
words.
· Use 3 separate professional sources.
· Information from sources must be paraphrased and not quoted.
The resources cited within the body of the work must match the
listed resources on the Works Cited page.
See the Grading Specifics/ Rubric on page 2.
Grading Specifics/ Rubric
First, there must be 1,000 words. Assuming there are 1,000
words, the grade will be 100 points. This grade will be reduced
if certain criteria isn’t met. Carefully read and understand all
the requirements before submitting your paper.
Late papers = -10 points per day (12:01 a.m. after the due date
is late)
Word Count (body of paper) = 1,000 words in Microsoft Word =
100 points
Not counted towards the word count: the header, anything in
quotes, words on Works Cited page, irrelevant information
(doesn’t pertain to the topic or assignment)
“Match Overview” must be below 25%
Point deductions:

7. 1 point deduction for every 10 words short of 1,000
5 point deduction for every 1% over 25% on the paper’s Match
Overview; this percentage will be shown after you upload your
paper (note you may upload your paper as many times as you’d
like)
10 point deduction if it isn’t submitted in Microsoft Word
3 different professional sources cited correctly
Acceptable sources: nonfiction books, journals, newspapers,
magazines, or websites that end in .org, .edu, or .gov.
Not acceptable sources: Wikipedia, Dictionary
Each source must appear twice:
1. Cited within the paper and each cite must be highlighted once
(highlight the author’s name or source within the paper)
-AND-
2. Correctly cited on the Works Cited page at the end of the
document
Point deductions:
5 point deduction every time quotations are used; use
paraphrasing
For each of the 3 sources:
Not an acceptable source or less than 3 sources = - 20
Not cited within the paper = -10
Cited within the paper and not highlighted = -5
Not cited on the Works Cited/ References page = -10

8. ITS 835
Chapters 30, 31, 34
Miscellaneous Case Studies on ERM and RIsk
Enterprise Risk Management
Professor Michael Solomon
Overview
• Three case studies
• Alleged Corruption at Chessfield
• Bon Boulangerie
• Building an ERM Program at General Motors
• Different scenarios and organizations
• Useful in examining broader implications
• Look for similarities
Alleged Corruption at Chessfield
• Chessfield
• Fictional private American company in sports and
entertainment

9. • HQ in NYC
• “Good ol’ boys” board
• Informal governance
• Whistle-blower
• CEO compensation very high (4x comparable peers)
• Potential environment for excessive risk taking
• Chessfield CEO requested independent governance
review
Chessfield, cont’d.
• Review included
• Document review – minimal documentation
• Interviews – substantial discontent and lack of confidence in
leadership
• CEO compensation
• Limited documentation to support decision
• Basis seemed to be long relationship with decision makers
• Industry standard metrics missing
• Risk management
• Few risk management protocols or controls
• Most processes were manual (i.e. no IT)
Chessfield, cont’d.
• Review resulted in 45 recommendations

10. • 43 from reviewer
• 2 added by regulator
• All but 2 recommendations were accepted, which were
• 3 longest serving board member resign
• A female be selected for directorship and compensation
committee
• Identify broad implications of this case
Bon Boulangerie
• Bakery in Oakville, Ontario
• When purchased, single site retail and café
• Ray Pane added wholesale operation
• Plan to expand wholesale business
• From 20km to 120km coverage
• Include grocery stores
• Add product line
• Goal: triple profits in 3 years
• What are the operational risks?
Building an ERM Program at General
Motors

11. • Background
• GM approach to ERM
• Game theory
• Looking forward
ERM at GM Background
• ERM program began in 2010
• ERM to help achieve competitive advantage
• New CEO
• GM bankruptcy in 2009
• CRO appointed
• Financial and Risk Policy Committee formed
• Risk officers identified and aligned to all CEO direct
reports
• GM embraced aggressive ERM
GM Approach to ERM
• ERM built on GM’s vision
• Design, build, and sell the world’s best vehicles
• Identify and manage key risks
• Bottom-up approach
• Focus on “what can go right”

12. • Lessons learned
• Gave responsibility of assessing risk probability and impact to
senior
executives
• Replaced ranked risk list with tiered list
• Implemented a 5 point scale to measure
• Inherent risk
• Current risk
• Residual risk
Game Theory
Looking Forward
• Top risk attention in place
• Ready to add focus on day-to-day operational risks
• Developing program for operational control self-
assessment (CSA)
• Approach is a policy-based CSA
• Starts with simple yes-no questions to line managers

13. • Benefits of a policy-based program
• Policy can be leveraged to ensure results
• Helps to educate teams on larger scope objectives
• Ensures that policies are current and effective