Every business faces risks that could threaten its success and hurt its reputation. As part of a management team, we are all too aware of strategic risks like a new competitor entering the market, or a contractual risk, a debarment or a blacklisting on a project -- not to mention a financial or operational risk. This article shares some strategic ways an efficient and result-driven risk management strategy can help your business. Developing an effective strategy requires investment, but the payoff and competitive advantage can be enormous.
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