Risk Aware is an official business term that refers to the practice of actively managing and mitigating risks associated with a business. It involves the use of strategies, processes, and tools to identify, assess, and prioritize risks, and then to develop and implement appropriate strategies to manage them. Risk Aware businesses are proactive in their approach to risk management, and strive to create a culture of risk awareness throughout the organization. This involves educating employees on the importance of risk management, as well as developing and implementing policies and procedures to ensure that risks are properly identified, assessed, and managed. Risk Aware businesses also focus on developing a comprehensive risk management plan that outlines the organization’s approach to risk management, and outlines the roles and responsibilities of each individual involved in the process. Ultimately, Risk Aware businesses strive to create an environment of trust and transparency, where risks are openly discussed and managed, and where the organization is better prepared to handle any potential risks that may arise.