ACCA SBL Syllabus D. Risk - Policies And Techniques To Mitigate Risks - Notes ^{7 / 9}

Often risks can be avoided in part, or reduced, but not avoided altogether.

This is true of many business risks, where the risks of launching a new product can be reduced by market research or advertising.

Risk policies

Are agreed at very senior levels of the organisation, by the board, risk committee or risk manager

Risk mitigation techniques

Will be applied at various levels in the organisation by operational managers and staff.