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Risk management is a process that allows individual risk events and overall risk to be understood and managed proactively, optimising success by minimising threats and

Risk management is a process that allows individual risk events and overall risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities.

Critically discuss the above statement by identifying different types of risks and elaborating on various tools and techniques that the company can use to minimise their exposures to these risks

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