Question: QUESTION 5 ( 2 0 Marks ) A medium - sized manufacturing company, Innovate Industries, is looking to improve its overall performance through better risk

QUESTION

5 (20

Marks

)

A medium

-

sized manufacturing company, Innovate Industries, is looking to improve its overall performance through better risk management practices. Effective implementation of risk management initiatives can significantly enhance the company

s performance and lead to positive outcomes. Compare the three

(3)

major approaches to risk management and recommend the most suitable approach for Innovate Industries.

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