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A risk can be defined as an effect of uncertainty on the objective. It is a different outcome from what you expected and can address, create or result in opportunities and threats.
Identifying as many risks as possible often leads to not being able to manage it all properly.
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Risk should preferably be viewed as an experiment. This helps with testing innovation and reducing risk if things don't turn out as intended.
When you take the time to consider the downside possibilities, it will be less frightening if they happen. This will give you the confidence to stay the course.
If you have only considered one possibility, you should probably worry about it.
Find many possibilities for success, then you can be positive that at least some of them might work out.
It aims to define your critical uncertainties and develop plausible scenarios in order to discuss the impacts and the responses to give for each one of them. If you are aware of what could h...
But those who routinely examine the way risks propagate across the entir...
Most companies only examine the most direct risks facing a company and tend to neglect secondary risks that can have an even greater impact.
Companies need to learn to evaluate aftereffects that could weaken whole value chains.
All differences in business models can create the potential for competitive risk exposure. This does not mean that a company should imitate its competitors, but that it should consider the risk when they have different strategies.