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Risk Mitigation Strategies

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Briefly identify and describe a mitigating strategy for the risks below:

1) Over budgeting/excessive spending/lack of financial support during campaign.

2) Delay in rolling out publicity programs, meetings with voters, roadshows, etc.

3) Lack of vounteers/followers

4) Miscommunication of political agenda

5) Negative publicity by opponents

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Risk Mitigation Strategies

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1) Over budgeting/excessive spending/lack of financial support during campaign.

Sound Financial planning in advance along with detailed description of allocation of costs for each activity. Further, back up sources for raising fund in the case of paucity of funds in the midst of the campaign should be decided in advance. Also, proper control and evaluation systems should be established to ensure that money is spent according to budget and for the right activities.

2) Delay in rolling out publicity programs, meetings with voters, roadshows, etc. ...

Solution provided by:
Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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