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Positive Risk Response Paper

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Hello Farai, I appreciate your post. I am glad you considered both positive and negative risks. However, there are many more risk responses available to a manager. Managers may choose to response to positive risks by accepting, enhancing, sharing, or exploiting the effects of risks (Bansal, 2014). Conversely, managers may want to respond to negative risks by choosing to avert, transfer, mitigate, or accept the risks as well (Bansal, 2014). A common example of transferring negative risk for instance would be purchasing insurance. Thank you for your post. It was thoughtout. Cheers. References Bansal, S. (2014). Learn how to realize positive risk response strategies (Opportunities). Retrieved from https://www.izenbridge.com/blog/learn-how-to-realize-positive-risk-response-strategies-opportunities/
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