Risks that management identifies as key could include risks of events or circumstances that in the short, medium or long term might: (a) fundamentally disrupt the entity’s business model—for example, cause the entity to lose a competitive advantage; (b) fundamentally disrupt management’s strategy for sustaining and developing the business model—for example, prevent the entity from fulfilling its purpose; (c) fundamentally disrupt a resource or relationship—for example, disrupt the entity’s supply chains for essential components or damage the entity’s reputation; or (d) threaten the entity’s existence—for example, cause a permanent collapse in demand for the entity’s product range.
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