Risk Management Group Assignment Mark - 15% Due - End of Week 9 Create a Social Sharing Economy Business but be aware of the Risk and Liabilities!!!! The Social Sharing Economy is growing rather fast and new business ideas are being created regularly worldwide. As a group,you are working together to create a new social sharing business of your choice for the Hospitality/Tourism industry. (Similar in concept to Airbnb, Uber, WeWork, etc) To to do this successfully, you will need to complete the following: 1. Introduction: Create a name for the business (The business cannot be related to your culture (as that would be too easy). Select something different and unique. Design a logo for the business Tell me as much as you can about your business Who are your competitors? Why is your business different? 2. Create a Risk Management plan by identifying 5 major risks that need to be managed daily with this new business. For each risk answer the following questions: Why is this a risk? What type of risk is it? What is the likelihood of the risk happening? What strategy does the company use to manage the risk? 3. Outline the legal requirements that need to be considered when running a business of this type? 4. State this business's positive and negative impacts on society, including your business's Corporate Social Responsibilities? 5. Be sure to consider and include all licensing requirements and any compliance requirements for your business and what your policies/procedures will do to prevent liability. Submit the assignment in a clearly defined written word document. Make sure all names and student numbers are on the document.(Please provide me with a separate list of what portions of the assignment each group member did.) Post this in the assignment box- Only one member needs to post this assignment on behalf of the group.