This assignment provides an in-depth analysis of traditional risk management strategies for businesses. It discusses the importance of identifying and mitigating risks to enhance business functions in the market. The five strategies examined are: reducing risk through a sound security system and risk assessment team, transferring risk through outsourcing activities, avoiding risk by understanding change as per business needs, redistributing risk to bring about changes in the system, and accepting risk to anticipate and reduce potential threats. Real-world examples from companies like IBM, Coca Cola, AIBI International, and BreadTalk illustrate these strategies in practice.