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Risky Thinking
On Risk Management, Business Continuity, and Security
25 July, 2017
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Risk Avoidance (Definition)

Risk Avoidance is a risk strategy where the organization either chooses to not engage in an operation, or chooses to shut down an operation because of the risk involved. For example, a company might choose to shut down or not operate a branch in a high risk location to avoid the risks involved.

See Also: Risk Strategy.

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If you've reviewed a few business continuity plans, you may have noticed how often teams are expected to assemble and work from a nearby hotel. Here's why that may not be a good idea. Read more...

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