summarize: Organizational leaders can take several actions to protect their organizations from external risks: Risk Assessment: This involves identifying potential external risks and assessing their potential impact. For example, a company operating internationally might assess the political stability of the countries they operate in. Risk Mitigation: This involves developing strategies to reduce the impact of identified risks. For example, a company might diversify its supply chain to reduce the risk of disruption due to political instability in a particular region. Risk Transfer: This involves shifting the risk to another party. For example, a company might take out insurance to protect against the risk of natural disasters. Contingency Planning: This involves creating plans for how to respond if a risk event occurs. For example, a company might have a plan for how to continue operations if a key supplier goes out of business. Regular Monitoring and Review: This involves regularly reviewing and updating the risk management plan to ensure it remains effective as external conditions change. For example, a company might review its risk management plan annually and after any major external events. By taking these actions, organizational leaders can help protect their organizations from the potential negative impacts of external risks