Risk Mitigation Strategies for Businesses: Dealing with Uncertain Events and Key Staff Members

The video discusses risk mitigation strategies for businesses, focusing on reducing exposure to risks rather than eliminating them. It covers strategies for natural disasters, such as insurance and data backup, and emphasizes the importance of continuity and contingency planning. The video also highlights the need for succession planning to manage the loss of key staff members, using examples like Manchester United and Tesco to illustrate the importance of foresight and planning.

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