Manage Risk in Adidas: Addressing Poverty Wages and Trade Union Rights

Version date Version
Page 1 of 22 DOCUMENT NAME: BSBRSK501 Assessment
1 and 2
1 May 2018 AHMI—BSBRSK501-
version May 2018
CRICOS CODE:
03595K
PROVIDER NUMBER: 70252
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BSBRSK501 Manage Risk
ASSESSMENT 1 and 2

BSBRSK501 Manage Risk
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BSBRSK501 Manage Risk
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BSBRSK501 Manage Risk
ASSESSMENT TASK 1:
KNOWLEDGE EVIDENCE
APPLIED SHORT ANSWER QUESTIONS
INSTRUCTIONS
1. You are required to answer all questions.
2. All questions are of equal weight.
3. Answer all questions in the spaces provided.
4. Answer all questions by referring to your learner guide and case study material as
provided and by undertaking your own research.
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BSBRSK501 Manage Risk
KNOWLEDGE EVIDENCE APPLIED SHORT ANSWER QUESTIONS.
Q1.By referring to page 4 of the introduction to the document: 31000-2009 Risk Standards
Australia Guidelines, outline 1 primary purpose of current risk management standard in
Australia: AS/NZS ISO 31000:2009 Risk Management Standard.
Q2.By referring to the document: Art_RiskAnalysis_ISO31000, List 11 key principles of the
current risk management standards in Australia.
Answer questions 3 – 12 with reference to the Adidas Case Study – by using the support
material provided.
Q3.What key legislative and regulatory areas must Adidas management take into account
when developing and implementing their Group Risk Management Policy?
The Adidas Company need to take into account the Fair Work Act 2009 (Cth) under which it is
important for the companies to pay the minimum required wages to the employees to keep up
the health and safety of the employees working in the firm. The Adidas Company need to
implement the Contract law to uplift the brand image that will help to safeguard the worker
from being exploited at the hands of the company.
Q4.How does Adidas define Risk and opportunity?
Adidas defines risk as the threat to the brand image and the loss of the potential customers due to
the negative impact in the brand image. The sales rate of the Adidas has also decreased owing
to the fact that it does not have a good track record in terms of upholding the trade union
rights. The opportunities defined by the Adidas Company taking a positive step towards
signing the new Freedom of Association Protocol in the Indonesia.
Q5. In what Report does Adidas summarise the most important of these risks and
opportunities?
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