Problem Set #$2$

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#$1.$ What are the benefits an organization can receive from the adoption of a risk management system?

Describe the risk management system application.

What roles do security and capacity play within the risk management process?

What is the purpose of a risk management system?

Describe the various risk management methodologies used for risk assessment and how they relate to a systematic approach.

#$2.$ Tessile, S$.$ A$,$ a company based in Turin, Italy, is a medium$-$size company that manufactures, sells, and exports textiles. An increased demand for the cc textiles has led to the approval by its CEO, Giuseppe Franco, to implement a major expansion to other markets. Mr$.$ Franco is seen as a visionary leader in $t$ he transformed a cotton plantation company into one of the major textiles companies in northern Italy. and introducing Tessile S$.$A$.$ to the tourist and cheese industries. However these last winery acquisitions left the company in serious debt and with its the perceived negative view of Mr$.$ Franco's strategy by its shareholders moving away from their core textile business

Identify the potential hazards, threats, and risks that you discovered when using your process.

Be sure to include notes in your presentation where necessary. All sources used, including the textbook, must be referenced; paraphrased and quoted materia accompanying citations.

Requirements:

There is no minimum or maximum required number of pages. Your response will be considered complete, if it addresses each of the components outlin

Use of proper APA formatting and citations $-$ If supporting evidence from outside resources is used those must be properly cited A minimum of $3-5$ sou course textbook$)$ from scholarly articles or business periodicals is required.

Include your best critical thinking and analysis to arrive at your justification.

Submission: Upload$/$attach your completed paper to this assignment by the due date.