Ritically evaluate methodologies for achieving risk management process evaluation and change and comment on the constraints.

1st criteria The writer should be from U.K.
2nd criteria  The writer should acquaint with the Hospitality Management
3rd criteria  Make sure to read Clarke C J & Vama S. (1999), Strategic Risk Management: the New Competitive Edge, Long Range Planning, Vol.32, No.4, p414
before starting to write.

Question 01 (1000 words)

 Risk management has become a critical issue as a result of globalisation and the continued quest for greater returns. Whilst most companies now see risk as a key strategic issue, risk is typically still treated tactically and piecemeal.

Clarke C.J. & Varma S. (1999), Strategic Risk Management: the New Competitive Edge, Long Range Planning, Vol.32, No.4, p414

Critically evaluate methodologies for achieving risk management process evaluation and change and comment on the constraints.