Strategic risk assessment is designed to identify, analyze, and manage possible threats to the organization's success concerning forces such as competitors, customers, suppliers, and PEST factors.

The correct answer is: External

Explanation:

To begin with, the name of "Strategic Risk Management" in the field of business refers to the process of identifying, assessing and managing risks and other uncertainties that the company may face during the time they are operating and producing. That is why that this business tool is quite useful when it comes to determine and find possible threats that may harm the organization's success as well as its proper functioning regargind terms of external forces that are the ones that are not easily controlled by the managers like the competitors, the customers, suppliers and PEST factors as well.

they work in some type of way