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Risk Assessment, Mitigation, and Identifying Problems

A) I would agree that there are some factors that are out of your control but you have to identify a mitigation or identifying effort to see the train coming. How would you do that in your company?
B) Do you agree that ideas that are too general can create a problem when trying to select a specific strategy? Explain.
C) Do you agree that adequate time needs to be spent during the risk assessment failure? Explain.

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A) I would agree that there are some factors that are out of your control but you have to identify a mitigation or identifying effort to see the train coming. How would you do that in your company?

In order to foresee risks and opportunities it is important to be aware of the marketplace, reading industry news, visiting competition and one's own customers is a part of this. In addition, one must know what is happening in the larger world, in regards to legislation, the economy, and current events. Certainly black swan events may ...

Solution Summary

This solution discusses identifying a mitigation or identifying effort to see the train coming and how you would do that in your company. It asks if you agree that ideas that are too general can create a problem when trying to select a specific strategy. It asks if you agree that adequate time needs to be spent during the risk assessment failure.

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