Create a comprehensive strategic risk assessment for [BUSINESS/PROJECT/INITIATIVE] in the [INDUSTRY] context to enhance decision-making and resilience. Develop this risk management framework with: 1. Risk Identification and Categorization: - Strategic and market risks - Operational and process risks - Financial and economic risks - Legal and regulatory compliance risks - Technology and cybersecurity risks - Reputational and brand risks - Human capital and organizational risks - External and environmental risks - For each category: * Specific risk event identification * Root cause analysis * Early warning indicators and triggers * Vulnerability assessment methodology 2. Risk Impact and Probability Analysis: - Impact severity rating methodology (1-5 scale) - Probability assessment approach (1-5 scale) - Risk score calculation and prioritization - Quantitative impact estimation where possible - Qualitative impact description where needed - Time horizon consideration (short, medium, long-term) - Interdependency and correlation analysis - Amplifying and mitigating factors 3. Risk Response Strategy Development: - Risk acceptance criteria and thresholds - Risk avoidance and elimination options - Risk mitigation and reduction approaches - Risk transfer and sharing mechanisms - Risk optimization and opportunity leverage - Strategy selection decision framework - Resource allocation recommendations - Implementation roadmap and timeline 4. Control and Mitigation Planning: - Preventive control design - Detective control implementation - Corrective action planning - Contingency and continuity planning - Crisis management protocol development - Insurance and financial protection strategies - Contract and legal protection mechanisms - Stakeholder communication planning 5. Monitoring and Management Framework: - Key risk indicator (KRI) identification - Risk metric development and tracking - Reporting structure and cadence - Governance and oversight mechanisms - Response escalation protocols - Periodic review and reassessment approach - Emerging risk monitoring methodology - Risk culture and awareness development For each major risk identified, provide: - Detailed description and manifestation scenarios - Impact across multiple business dimensions - Probability factors and trend assessment - Specific mitigation actions and owners - Monitoring approach and key indicators Format this risk assessment as a practical management tool that enables informed decision-making and proactive risk management rather than simply documenting risks.