What strategies can the company use to mitigate these risks or turn them into opportunities?

Posted: January 9th, 2023

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Address the following:
1.
Summarize the risks the American Apparel company is exposed to.
What strategies can the company use to mitigate these risks or turn them into opportunities?
Use 2-3 sources to support your answer.
2.
Respond to the two peers based on their response to American Apparel or the Admont Monastery, review their initial post (screenshot doc). Do you concur with their mitigation strategies? Why or why not? Can you add any insight into their mitigation strategies?
*No plagiarism, use APA format and refer to rubric (w8), see attached case study documents.
Notes from Professor:
Class,
I want to make sure we use the terms correctly and not in a context that might confuse the situation. Threats can become opportunities, but risks are either positive or negative. Negative risks are negative “unknowns,” meaning that you aren’t certain it is going to happen and thus you take one of the four strategies to manage it (or if positive you take one of the 4 strategies for the positive unknowns)
Below are the various strategies to manage them.
Strategies for Negative Risks
–Avoid
–Transfer
–Mitigate
–Accept
•Strategies for Positive Risks
–Exploit
–Share

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