Baldwin Global published a report a while back which focused on Lego, the company, which is recognized globally for its colourful bricks and the creative inspiration it instils in children around the world, is also a pioneer in the use of Monte Carlo simulations for helping its board of directors establish the enterprise’s risk appetite and tolerance. Whilst being a few years old, the case study is both an enjoyable and interesting read as well as still being relevant. 
Apparently, the ‘nerdy’ methodology was in fact much easier to apply and understand than most executives and directors seem to think.
The case study is available freely Here
More importantly, corporations should consider using a method that had proved to consistently improve decision-making in complex situations. Hopefully the report on the LEGO Group will encourage the boards and executive teams of other companies to ask for a better decision-making and risk-management tool than the ones most of their organizations currently use.
The case study is available freely Here
A Guide to Risk Management 