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Question 5
Question 5
Often companies freeze at the last moment when it comes to taking a significant risk because they are overcome by inertia, fear of failure, or the need to de-risk the downside associated with a new initiative or solution. While no initiative comes without risk, using the Risk Based Strategies approach can give you added confidence that you have evaluated your options appropriately and are making the right decisions at the right time to achieve your desired outcome even in the face of disruption.
Ask yourself:
- Are we confident that we are taking the right approach to achieve value?
- Have we minimized our downside risks?
- How can we incorporate risk-based strategies into our long-term strategic and operational planning processes and our corporate culture?
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