An emerging technology company intends to launch a new product that is considered revolutionary in the market. However, the company faces many challenges and potential risks.

Present a strategic risk management plan for this company that includes SWOT analysis, types of risks, methods of evaluating them, and procedures for managing and treating them, by answering the following questions:

$1.$ What are the strengths, weaknesses, opportunities and threats that the new product might face? $(2$ marks$)$

$2.$ Based on the SWOT analysis, what are the potential strategic risks that could affect the success of the product?

$3.$ How can these risks be classified in terms of impact and probability?

$4.$ What measures can be taken to reduce the impact of these risks?$)$

$5.$ Can any of these risks be transferred to a third party?

$6.$ What strategies can be adopted to deal with unavoidable risks?