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Identify one of each: A Financial risk: Records Management Risk: Marketing/sales Risk: (that should be taken into account in developing and implementing strategic plans.) Q3 For each risk you identified in Q.2 develop a management/mitigation strategy that can be used Q4 Provide an example of the following: . A risk management strategy that can be used to manage intellectual property risks inherent in strategic planning. . A intellectual property risk management strategy Q5 John runs his own suit hire business. For the past 2 years the business has been growing at a steady 20% per annum. John has yet to make any sizeable investment into IT for the business and although all client data is secured electronically using cloud technology, much of the company's policies, procedures, contracts and program information is kept on a local area network. Recently a number of company records have gone missing and in one case some the company's marketing plan was accidently released to the public. What advice could you provide to John regarding managing IP risks . Identify 2 IP management strategies Identify 1 contingency plan for EACH of your proposed strategies

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BSBMGT616 Develop and implement strategic plans