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Certain risks can be managed through insurance, hedging and other types of financial planning, but other risks cannot be controlled through such financial mechanisms businesses should examine as it develops its own evaluation of county risks and creates its own strategy to manage the uncertainties those risks entail. (Ivey Business Journal, 2002).
Strategies for a mission or objection are built upon the value and ethics of an organization. When thinking about the “what” and the “why” of a mission, the what is the mission and the why is the strategy. Doing business with China with forest products tends to be a very good business decision...
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