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BA356 International Business Management

1) You are the risk manager assigned to a municipal public works team in charge of school construction and operations. It has become clear that the current elementary schools in your town are inadequate for the number of students that are currently being served; in addition, many of the schools were built in the 1950s and are in serious need of repair.
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Risk is a powerful force in innovative organizations for the obvious reason that it means the future outcomes of decisions are uncertain and, less obviously, because it can foster decision biases like loss aversion and over-optimism.

The construction or retrofitting of a school building is a valuable educational opportunity with the potential to further strengthen community ownership of the school and demonstrate hazard-resilient techniques that can be replicated in homes and other buildings.

Every school must be constructed as a safer school and existing unsafe schools must be retrofitted to be disaster resilient. The Education for All will not be achieved without the construction of safer and more disaster resilient education facilities.

At a time when the frequency and magnitude of extreme climatic events is rising, a growing number of the world’s school-going children are increasingly exposed to earthquakes, wildfires, floods, cyclones, landslides and other natural hazards.
For example:
• The Sichuan earthquake (2008) killed more than 7,000 children in their schools and an estimated 7,000 classrooms were destroyed.
• The cyclone Sidr in Bangladesh (2007) destroyed 496 school buildings and damaged 2,110 more.
• The Super Typhoon Durian (2006) in the Philippines caused $20m USD damage to school, including 90-100% of school buildings in three cities and 50-60% of school buildings in two other cities.
• The earthquake in Pakistan (2005)

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