Reference no: EM132397716

Scenario

Students for At-Risk Youth (S.A.Y.) is a recognized student organization at Anonymous University, a private university. This year, S.A.Y. has decided to partner with the local chapter of Big Brothers Big Sisters ("B.B.B.S."), a private non-profit, to take several children enrolled in the B.B.B.S. program to weekly group outings. In exchange for S.A.Y.'s help, B.B.B.S. has verbally agreed to match each S.A.Y. member with a B.B.B.S. participant and reimburse S.A.Y. for any expense associated with the outings up to a total of $500.00 per week. On an average week, each S.A.Y. member picks up their "little brother or sister" from the B.B.B.S. facility, travels to the location of the outing (e.g. park, movie theater, bowling alley, etc.), and returns the child home after the conclusion of the event. An Anonymous University administrator, who serves as S.A.Y.'s sponsor, is always on site at each outing.

Following the first month of the joint program, little Rosie Rotten notifies her mother that S.A.Y. member, Johnny Truegood, touched her inappropriately during the last outing. Mrs. Rotten notifies B.B.B.S., which calls off the partnership with S.A.Y. and refuses to reimburse S.A.Y. for any of its expenses incurred during the first month's outing. Still not satisfied, Mrs. Rotten files a suit against Truegood, B.B.B.S, and the University. Additionally, the University newspaper catches wind of the allegation and prints a story entitled: "S.A.Y. IT AIN'T SO: TRUEGOOD ACCUSED OF TOUCHING CHILD." The story accurately details the program, the accusations, and the pending suit.

Instructions

You are the administrator in the fact scenario from Discussion 3: S.A.Y. Class Discussion. Assume that it is the beginning of the semester, and S.A.Y. has approached you regarding their plan to partner with B.B.B.S. Explain how you could apply each of the following risk management strategies to their proposal and be specific as possible including elements that you would want to address to address the risk:

? Risk Avoidance

? Risk Control

? Risk Transfer

? Risk Retention

Write a two-page double space paper explaining your strategy.