Everything You Always Wanted to Know About Managing Risk but Were Afraid to Ask
In business continuity, risk is at the center of everything we do. Therefore, we thought it might be helpful to make today’s blog a primer on risk. Most of this stuff you […]
Risk Limitation – Real World Examples
In recent blogs we have discussed various aspects of risk mitigation, including risk acceptance, risk avoidance, risk limitation, and risk transference. This week’s blog will focus primarily on the area of risk […]
Defining Risk Avoidance for a Modern Business Structure
Risk avoidance is the elimination of hazards, activities, and exposures that can negatively affect an organization’s assets. Whereas risk management aims to control the damages and financial consequences of threatening events, risk […]
Risk Acceptance – Conscious Decision or Ignorance?
Risk Acceptance must be a conscious decision, not a default action due to lack of information or desire to act. Risk Assessments and Risk Mitigation remain important topics in many association groups […]