1. Diversification: One of the most effective strategies to mitigate dependency risks is diversification. This can involve diversifying suppliers, customer bases, and markets to reduce reliance on any single entity or factor. 2. Redundancy and Backups: Implementing redundancy in critical systems and processes ensures that there are backup options in case of failure. This can include having multiple suppliers or alternative technologies. 3. Strong Relationships: Building strong relationships with suppliers and partners can help in negotiating better terms and ensuring reliability. Regular communication and collaboration can also preemptively address potential issues. 4. Training and Development: Investing in employee training and development ensures that the business is not overly dependent on a few key individuals. Cross-training employees can create a more flexible and resilient workforce. 5. Scenario Planning: Conducting regular scenario planning and risk assessments can help businesses anticipate potential disruptions and develop contingency plans. This proactive approach can significantly minimize the impact of unforeseen events.