Risk Management Ethics and Morals

Running head : RISK MANAGEMENT ETHICS AND MORALS

Introduction

International industries investment in the leisure and recreation industry includes hotels casinos and cruise ships . By diversifying their risk and maintaining vertical and horizontal linkages in the hospitality industry , the company is maximizing its profits and minimizing possible losses (Alexander Sheedy , 2005 . It will be able to book clients into their hotels , invite them to play at the casinos and take them on cruise trips around the world . These facilities will enable the firm to provide clients with a wholesome experience and focus

on satisfying all their client 's needs . From a moral and ethical viewpoint , this venture poses no risk to the company and ends up adding value to their services

A market exists for age restricted communities but the likely backlash from people offended by the rules governing such properties may ruin the reputation of the company (Lennon , 2008 . This could precipitate boycotts of the company 's properties and open the door to numerous lawsuits . One of the rules prohibits underage people from visiting and staying with relatives in these communities . In the event that the owner dies , the property cannot be transferred to the spouse if they are under the stipulated age . Such draconian conditions make the company an easy target for those opposed to such settlements (Hopkin , 2010 . The moral and ethical considerations regarding such ventures make it an unwise investment

Controlling all aspects of a business operation increases the risk of abuse of position and the likelihood...