A Business Analysis of Risk Management Framework in a Mining Company

This report provides a business analysis of a mining company, focusing on the critical need for a well-defined risk management framework. The case study highlights the negative consequences of inadequate risk assessment, particularly concerning community and reputation risks, which led to the closure of a social media campaign and potential stakeholder loss. The analysis incorporates conflict-based perspectives, including neohumanism and radical structuralism, to understand the dynamics of conflict and propose strategies for avoiding pressure from various stakeholders. The report emphasizes the importance of proactive risk management in the mining industry, discussing how to address potential conflicts and ensure sustainable business practices. It also delves into how the mining company could have used neohumanism and radical structuralism to better manage the situation. The report provides insights into various aspects of risk management, community relations, and the application of sociological theories in a business context.