Contextual Risks
Contextual risks are external threats like economic shifts, political changes, or natural disasters that impact business operations.
Other Risks
From geopolitical tensions to climate events, external risks lie beyond a company’s control. The key is not to predict them, but to build resilience against them.
Contextual risks are external, often uncontrollable factors that can influence a business’s stability and performance. These include changes in the economy, political unrest, social movements, natural disasters, and global events like pandemics or wars. While businesses can't prevent these risks, they can build flexible strategies, develop contingency plans, and stay informed to adapt quickly. Recognizing and preparing for contextual risks helps entrepreneurs navigate uncertainty and protect their long-term goals.