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Smaller Companies Must Embrace Risk Management

Risk management is vital in today’s volatile world but remains misunderstood, particularly in SMEs. A more enlightened approach includes concentrating on high-risk threats rather than minor issues, celebrating successful risk management to reinforce good practices, and protecting performance by managing risks. Climate change and digital innovations like AI and cryptocurrencies should also be considered. This approach encourages a constructive dialogue between risk-takers and those who prefer caution, fostering business growth without severe downturns.

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