Is risk management about controlling risk not avoiding all risk.?

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1147161

2026-03-03 19:45

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Yes, risk management is primarily about controlling and mitigating risks rather than completely avoiding them. It involves identifying potential risks, assessing their impact, and implementing strategies to minimize their effects while allowing for opportunities that may arise from taking calculated risks. Completely avoiding all risks is often impractical and can hinder growth and innovation. Effective risk management aims to strike a balance between risk and reward.

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