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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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All types of risks are faced by businesses that can lead to bankruptcy or serious profit loss. Big firms comprise extensive departments of risk management while there is a tendency of the smaller firms not to view the issue in such a systematic manner. The major risks that business experiences are mentioned below: • Strategic Risk: It is the risk that the strategy of the company turns out to be less effective and struggle is faced by the company to attain their objectives as a result.