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 […]