Get an AnswerCompare and contrast the risk strategies of retain, transfer or avoid risk. Your discussion should include the key considerations a risk manager should take into account when making such decisionsSmart Writing ServicesOctober 25, 2017 7:40 amOctober 25, 2017Previous Article'Risk managers should mainly focus on the consequences of an event rather than its likelihood as these consequences determine the impact on the business.' Examine the interaction between likelihood and consequences and develop an argument both for and against the statement. Your commentary should contain a critical argument with a brief introduction, stating where you stand and how you argue your case, the two cases (for and against) and then finish with a conclusion. Include an analysis of the role of a business risk manager offer some conclusions as to how prominent the role of the business risk manager should be within the wider management of the business, i.e. when compared with other management functions such as strategy, governance, product development, marketing, finance, operations, etc. Justify how you reached your conclusionsNext Articleapply standardized terminologies; and develop an appreciation of the relationship between standardized terminologies and the data-information-knowledge-wisdom continuum
