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Strategic risk in risk management refers to the potential threats that may arise from the decisions made by an organization's leadership regarding its business objectives and goals. These risks are typically long-term in nature and can have a significant impact on the overall success and sustainability of the organization. Strategic risks can include factors such as changes in market conditions, shifts in consumer preferences, technological advancements, competitive pressures, and regulatory changes. Managing strategic risks involves identifying, assessing, and mitigating these potential threats to ensure that the organization can achieve its strategic objectives effectively.