QUESTION 4 (20 Marks)

Discuss the concept of operational risk in the context of risk management. Provide examples of operational risks that organisations in the health care industry might face and discuss the strategies that these organisations can employ to mitigate or manage these risks effectively.

QUESTION 5 (20 Marks)

Discuss the significance of corporate risk factors in the context of business operations. Using an industry of your choice, provide examples of common corporate risk factors that organisations within that industry may encounter and advise the companies how they can proactively identify, assess, and mitigate these risks to ensure sustainable growth and success.