Definition of risk management: Define risk management (theoretical framework with academic sources)
Risk analysis + top 10 risks: Conduct a literature search and do a global risk analysis. Identify the top 10 global risks for businesses OR destinations. Explain them with examples (news). You can select your own industry (e.g. aviation, tourism, retail etc.) OR a single destination and concentrate on risks relevant to it. Of those 10 risks, what are the top three risks for the industry/destination?
Application of a risk managment model to a company/destination case: Look for one good industry/destination example where risk management thinking was applied and use a model to analyse the case (e.g. identify-analyse-mitigate-control-monitor).
Industries: car industry (e.g. case Volkswagen), pharmaceutical industry (e.g. the opioid crisis in the US), banks (e.g. Lehman Brothers), aviation (e.g. airlines during the pandemic or after air disasters), technology (e.g., Huawei due to the global “tech cold war”), etc.
Destinations: Consider the potential of terror attacks, tsunami, health epidemics, violence and crime, contaminated water, polluted air, oil disasters, climate change…
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