ASSESSING THE IMPACT OF RISK MANAGEMENT ON BUSINESS RESILIENCE AND SUSTAINABLE GROWTH (A CASE STUDY OF SOKOTO CEMENT AND OTHER SELECTED CEMENT COMPANIES IN NIGERIA)
Abstract
ABSTRACT
This study examines the impact of risk management on business resilience and sustainable growth in the Nigerian cement industry, with a focus on Sokoto Cement and other selected companies. The research reveals that effective risk management strategies, including risk identification, assessment, and mitigation, significantly contribute to business resilience and sustainable growth. The findings show that Sokoto Cement and other selected companies have implemented various risk management strategies, resulting in improved business performance and resilience. However, areas for improvement were identified, including the need for more proactive risk management approaches and better risk governance. The study concludes that risk management is essential for business resilience and sustainable growth in the Nigerian cement industry, and provides recommendations for improvement.
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