Problem: 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:
1) Establish a skeletal program and build on it.
2) Commit a significant investment to creating and implementing a comprehensive risk management program.
3) 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.