Small to Medium Companies

Equipped with the basic foundation to create a risk management program for a small- to medium-sized manufacturing company, what would you recommend to the leadership of the organization who has asked for your input to choose among these three choices:

” Establish a skeletal program and build on it.
” Commit a significant investment to creating and implementing a comprehensive risk management program.
” Keep doing what you are doing and accept the losses as they come, as you have in the past.
Explain your choice and justify your recommendation.