How does Apple's risk mitigation strategy compare to other major companies like Google and Amazon?

Apple's risk mitigation strategy is quite robust and unique compared to other major companies like Google and Amazon. Apple's strategy is well-positioned due to its significant cash on hand. This allows the company to quickly adapt to changes and threats such as global minimum tax or geopolitical concerns. They can relocate their manufacturing, build new remote headquarters, engage in R&D, or make quick acquisitions. This level of flexibility is a key part of their risk mitigation strategy. However, without specific details, it's challenging to make a direct comparison with Google and Amazon.

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Risk Management (Part 2)

Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top Risk Management tools from the biggest consulting...

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In Apple's case, with the threat of global minimum tax looming over its Ireland headquarters and geopolitical concerns about its factories in China, Apple's risk treatment options in 2020 are much better positioned because of its cash on hand. The company can now relocate its manufacturing, build new remote headquarters, engage in R&D or make quick acquisitions because of this risk mitigation strategy.

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Risk management strategies in the tech industry, particularly in companies like Apple, are applied in various ways. One of the key applications is in dealing with geopolitical risks. For instance, Apple has been able to position itself better against the threat of global minimum tax and concerns about its factories in China due to its risk mitigation strategy. This strategy has enabled Apple to have enough cash on hand to relocate its manufacturing, build new remote headquarters, engage in R&D, or make quick acquisitions. Another application is in the area of product development and launch where risk management strategies are used to identify potential issues that could affect the successful launch and market acceptance of a product.

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