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    Risk and Strategy Planning Process

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    Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan?

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    How risk affects the strategy planning process
    Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan?

     Risk can be possibly seen as a situation involving exposure to danger, i.e., a condition where there is a high probability of something unpleasant happening.

     In the world of business, ...

    Solution Summary

    Careful Strategy Planning plays a pivotal role in putting in clear perspective the magnitude of risk involved in the task of effectively and efficiently attaining the firm's wider objectives. It offers a realistic approach at minimizing the adverse impact uncertainties within the wider business environment could possibly exert on the firm's existence.

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