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Small businesses, startups and nonprofit organisations are known struggle to implement some elements in the typical approaches to assessing and managing risks. Conversely, the cheaply

Small businesses, startups and nonprofit organisations are known struggle to implement some elements in the typical approaches to assessing and managing risks. Conversely, the cheaply implemented elements of risk assessment tend to be the most subiective. Which aspects of the risk assessment and risk management toolkit could be adopted by most small businesses and startups and nonprofit organisations, and which might be most difficult for them to implement and why? Apart trom just accepting an increased risk appetite, which elements in risk assessment and risk management could small businesses be expected implement, within the constraints of their stating and ther data sets and of the industries in which they tend to cluster, that might make material difference to their handling of risks, and why? To support your answer, compare cases (which may be industries or may be companies or organisations) trom at least two different industries. Note- Kindly explain in detail & add more information with supportive cases

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