LESSON 4: STRATEGIC RISK MANAGEMENT FOR ENTREPRENEURS

Question 1

Assessing risks from market changes, competition, and
operational challenges.

Answer 1

Identifying Strategic Risks

Question 2

*Using diversification, flexibility, and
partnerships to minimize risks.

Answer 2

Risk Mitigation Strategies

Question 3

*Preparing for uncertainties through
adaptive strategies and reserve funds.

Answer 3

Contingency Planning

Question 4

Ensuring compliance with laws, safeguarding intellectual property, and
managing legal risks effectively.

Answer 4

Legal and Regulatory
Considerations