Risk Management ApplicationsWhile there are many factors that lead to an organizations success or failure it is important to identify the risk associated with the endeavorfinancial or nonfinancial. Once the risks have been identified management has a responsibility to develop measures to mitigate those risks.Tasks:Use the publicly-traded company you chose in M1 Assignment 3 and imagine it has made a strategic decision to start doing business in China. Using the discussion on page 192 of your textbook as a template do the following: Your paper should be about 2000 words.Submission Details: