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10 cards from this deck
Possibility of something harmful/undesirable happening
Systematic & planned approach to handle business risks
Tech, production, staff, premises, financial, compliance, strategic
Negative cash flow & bad debts
Assess risks by plotting probability & severity
Probability (likelihood) & severity (impact)
Not accepting a risk & eliminating it entirely
Reducing risk likelihood or minimizing its impact
Prevents incidents damaging trust & business reputation
Enables calculated risks & pursuing new opportunities
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