operational risks:

Why is it Important to Manage Operational Risks?

Managing operational risks is vital for several reasons:
Business Continuity: Effective risk management ensures that business operations can continue smoothly even in the face of disruptions.
Cost Management: Identifying and mitigating risks can prevent costly disruptions, thereby saving money in the long run.
Reputation Management: A business that effectively manages risks is more likely to maintain a positive reputation among customers, investors, and other stakeholders.
Regulatory Compliance: Proper risk management helps ensure compliance with industry regulations, thereby avoiding legal penalties.

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