A) Create a new thread. As indicated above, if Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report to? How could smaller companies without the resources for a dedicated CRO deal with ERM?

B) Select AT LEAST 2 other students' threads and post substantive comments on those threads, evaluating the pros and cons of that student’s recommendations. Your comments should extend the conversation started with the thread.

Answer rating: 100% (QA)

In most small businesses the management that has implemented CRO of the organization tends to make decisions concerning business expansion and product... View the full answer