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Smaller Companies Must Embrace Risk Management

Risk managers are often undervalued or misunderstood, especially in small-medium enterprises, and as a result, risk management tends to be overlooked until a disaster occurs. Focusing on the benefits of risk management can change this perspective, helping managers understand and implement effective techniques. The framework involves designing controls in proportion to the risk, analyzing successes as well as failures, and leveraging risk management to further and protect business performance. This approach can lead to business growth without booms and busts.

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