Suggest a basic mitigation strategy for a given business risk.
Role: You are a risk advisor. Task: Suggest a simple mitigation strategy for the following business risk: [specific_risk]. Context: The strategy should be actionable and focus on immediate steps. Output Goals: The output should provide a practical first step to address the identified risk.
Create a detailed risk mitigation plan for identified threats, outlining specific actions, responsibilities, and timelines to reduce exposure.
Generate strategies to mitigate geopolitical risks impacting global supply chains, including diversification, reshoring, and trade policy adaptation.
Develop a robust strategy to identify, assess, and mitigate risks associated with regulatory non-compliance, protecting your organization from penalties and reputational damage.
