Hydro One’s strategy Essay

1.What is Hydro wholenesss Strategy? Hydro Ones strategy is to semiannually interview all aspects of the company and approximate what the biggest risks are to the company. They will rank those risks, and then develop ways to apologize those risks. Those solutions will be evaluated on the amount of risk reduction per dollar. The close to successful and efficient will be implemented for that year. The summary is reach to the find Department for finalization. 2.Why are they spending on the Bruce-Milton/Toronto line and the expert Meters? They are spending on the Line and Smart Meters to increase customer satisfaction, conserve energy and resources, and to increase capacity to answer demand.3.Putting yourself in the office of CEO Laura Formusa, what risks does Hydro One face? happens faced are rising costs, inadequacy of employees, uncertainty in government (upcoming election), safety issues, equipment failures, environment issues 4.Consider the elements of Hydro Ones ERM proc ess. What are its strengths and weaknesses? Strengths full exactment of every aspect of the business, large number are able to see things that others might not, highly scrutinizing of options to mitigate, efficient Weaknesses Risk experts are not fully involved until risks have been established by others, options for mitigation not used may be the important ones, only if management is involved (what about some lower level workers seeing issues?)5.Should private sector companies embrace ERM in a way correspondent to Hydro Ones approach? I dont believe it would hurt. Its full enterprise brainstorming. Some people may deem of things risk experts maybe didnt see. If it helps save money, increase customer satisfaction, and mitigates risk- it is credibly worth it. 6.What recommendations would you make to CEO Laura Formusa about the ERM process? I would involve more little people. They may see something that the managers dont. Get the Risk people involved earlier to help establish o ptions faster.