While risk management can seem daunting, as someone who specializes in risk management for the automotive space, I've found it fundamentally revolves around four basic strategies: avoidance ...

Often, a business plan section labeled "Risk Analysis" is parked at the end of the plan, and it is very short. Parked at the end as though it is not important, not necessary, and a "there are no ...

The most important risk avoidance, ahead of regulation, is ensuring the business itself is future proof. Businesses need to continually innovate customer journeys in ways that take advantage of ...

One risk may require two or more responses. For example, some level of risk acceptance will be required when it is impossible to eliminate all risk through avoidance, reduction, or transfer.