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Demonstrates the effectiveness of the risk matrix for promoting engagement in small business audiences, suggesting its value in risk management training.
Risk management strategies can enable small business owners, including farmers, to survive and succeed in spite of unexpected events. The risk matrix is an effective educational tool to illustrate the importance of risk management strategies. It is easy to use, easy to explain, and effective at promoting audience participation during risk management programs.
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Alexander et al. (2006) studied this question.
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