MANAGEMENT

Detailed explanation-1: -Strategic risk arises when a business does not operate according to its business model or plan. When a company does not operate according to its business model, its strategy becomes less effective over time and it may struggle to reach its defined goals.

Detailed explanation-2: -Strategic risk refers to the internal and external events that may make it difficult, or even impossible, for an organisation to achieve their objectives and strategic goals. These risks can have severe consequences that impact organisations in the long term.

Detailed explanation-3: -Strategic risks and operational risks are two distinct kinds. While strategic risks originate from both internal and external forces, operational risks stem solely from the internal processes within a business. And they stand to disrupt workflow.