Risk management

An LTL company that specializes in tourist attractions (trips and stays) for honeymooners is in deep financial trouble. You have been hired as an outside consultant to educate the dying company on risk management and tolerance.
Utilizing the text and researching additional scholarly sources, do the following:
Define risk tolerance and factors in setting risk tolerance.
Define limitations in risk tolerance and potential outcomes.
Give a current example of a company or organization that struggled or failed in risk management. Be sure to properly cite your source using APA format.
Discuss reasons why organizations fail in risk management, giving examples of practical situations.
Explain at least 3 criteria that you would suggest that managers use to better understand risk tolerance levels to prevent failure.  

Grading Criteria
10%
Define risk tolerance, and give two factors in setting risk tolerance.
20%
Define limitations in risk tolerance and potential outcomes.
       15%
Give a current example of a company or organization that struggled or failed.
 
       20%
Discuss reasons why organizations fail in risk management, giving examples of practical situations.
 
       15%
List and explain at least 3 criteria you would suggest that managers use to better understand risk tolerance levels to prevent failure.
20%
Post a response to the Discussion Board, and comment on other postings
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Unit Materials
Unit 2 Course Materials