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    Strategies for managing risk

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    What is a strategy for managing risk? What are some potential future risks? How would you develop strategies to mitigate these future risks?

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    The strategy for managing risk is to preserve the value of the firm. To ensure that the firm does not face any value erosion as it carries out its activities and undertakes projects in new areas. The strategy is to find out the risks facing the firm and take actions so as to mitigate the effects of risks.
    Some potential future risks relate to global warming, the current response to the ...

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    The solution explains the strategies for managing risk