Different industries may require different approaches to managing risk and the approach may vary depending on the nature of the industry. Based on your experiences and knowledge, prepare an 800 to 1000-word essay on “the key challenges in managing risk at a high and low risk industry”. Kindly look into the aspect of the business, human resources, technology, financial, legal, and any other aspects which are the setback for the effectiveness of the risk control implementation. Suggest a solution for the setback you have listed.

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Introduction Risk management is an essential element in any industry as it helps to identify assess and manage potential risks that could adversely affect the businesss operations and objectives Howev... View the full answer