Risk Management Process: ERM Frameworks, Risk Identification and Tolerance

Risk Identification:

(Minimum of 750 words for each question, this excludes the reference section at the bottom from your word count. You are also required to use a minimum of FOUR scholarly external sources references. Use proper APA guidelines, you only have to make reference to the author and year of publication in your in-text reference, but APA guidelines encourage you to also provide the page number. Failure to do so will result in an incomplete with 0 points for the question)

1. Choose a service or retail business of your choice (not a current or previous employer). Perform a risk identification analysis using no fewer than two tools. Provide the rationale for your decisions in choosing those tools. (750 word minimum)

2. How might the identified risk exposures impact the organizational strategy and outcomes? Use the organization your chose from Question 1. (750 word minimum)