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Strategic risks
potential losses from poor business decisions; product mix, supplier choice, & financing options
Strategy should make companies more
competitive, alert to their circumstances, & resilient
Strategy
long range plan for achieving something or reaching a goal
Causes of failed strategies
financial, macroeconomics, & geopolitical risks
Supply chain
system of organizations, people, activities, information, & resources involved in moving a product or service from supplier to customer
Supply chain process
planning, sourcing, manufacturing, delivery, & customer service/reverse logistics
Supply chain risk
anything that can interrupt the ultimate product delivery