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How can business identify risk effectively?
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[QUOTE="uptrendfinancialsignal, post: 335595, member: 78381"] One of the major strategy that is used to conduct a risk assessment is to identify the potential risk that is involved in the business and you must look across all the areas of the business as well. These areas include the operational, financial and the regulatory aspect. It is crucial to implement a robust risk management framework and this framework should outline roles, responsibilities, procedures for identifying assessing and how you can definitely mitigate the risk because this will help the business in a long run and it will be instrumental to the success of such business as well . [/QUOTE]
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How can business identify risk effectively?
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