Milky-Way Amusements Inc. is the third most popular amusemen…
Milky-Way Amusements Inc. is the third most popular amusement park in the state of Florida. Katrina is the Risk Manager of the Milky-Way Amusements. Katrina believes she has done a excellent job during Step #1 of the RM Process (identifying risks); however she wants to be extra diligent and ensure she is not missing anything. Katrina is particularly concerned about Liability Loss exposures: given the nature amusement park industry, and the large amount of customers that visit the park every year. Katrina chooses to purchase an outside research report that was published by McKinsey & Company – the world’s largest management consulting firm. Based on the company’s experience working with many different amusement park clients = the research paper highlights the most pressing risks that the amusement park industry faces as a whole. What method is Katrina using to assist her in the identification of potential liability risks that Milky-Way Amusements Inc. is facing?