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Running head: THEME RESEARCH1Theme ResearchName of StudentInstitution AffiliationTHEME RESEARCH2Theme ResearchIntroductionThe facilitation of the competitive advantage is one of the key priorities for contemporarybusiness organizations. The business motive of fostering competitive advantage is induced by theneed to enhance the profitability and competitiveness of an organization in the market. Theconsideration of the competitive factors and risks are key instruments that corporations take intoaccount in a bid to enhance their competitive advantage in the marketplace. Based on lesson 10competitive factors entails the features perceived essential to the promotion of a service orproduct to its target market. On the other hand, based on lesson 9 strategic risk managementencompasses a risk methodology that generates the strategic value of a business. The synthesis ofthe two topics precisely competitive factors and strategic risk management can induce the themeof the importance of the facilitation of strategic risk management of the risk associated withcompetitive factors of a business in the realization of competitive advantage.ThemeOne of the key necessitates of the facilitation of strategic risk management of the risksassociated with competitive factors of a business is the promotion of the risk consciousness tothe overall stakeholders. According to Niknejad and Petrovic (2016), strategic risk managementplays a substantial role in the identification ...


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