Question: provide in-text citations in APA The framework's emphasis on proactive management is another asset. Organizations can foresee possible dangers and take action before they become

provide in-text citations in APA

  • The framework's emphasis on proactive management is another asset. Organizations can foresee possible dangers and take action before they become real issues by regularly monitoring the risk environment. By taking a proactive approach, companies can not only avert disasters but also capitalize on opportunities that may present themselves when risk conditions change. A robust framework for risk management also guarantees accountability and compliance. Proving that they have a systematic strategy for detecting and reducing risks assists firms in meeting regulatory obligations. This can be especially important in industries with strict regulatory regimes.

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