Mitigate Risk Quotes

The art of a successful business lies in identifying and mitigating the risk. Not overlooking and avoiding the risk.

Not having a contingency plan or never performing risk analysis and mitigation activities is like not having an insurance plan for yourself.

Climate intelligence enables action-oriented, climate-aligned decisions to mitigate risks, build resilient adaptation, and identify emerging opportunities.

Fortifying the company may involve diversifying suppliers and establishing contingency plans to mitigate supply chain disruptions.

Wisdom mitigates the risk of being honest.

Every business should own, at minimum, a general liability insurance policy. The business needs to protect itself and mitigate against risk.

Existential risks all have the ability to defy sustainability. There is no sustainability without mitigating existential risks.

If the company is going to thrive financially, then the board must ensure the company has adequate risk mitigation strategies in place.

Life Insurance is a mitigation to the risk of your life Financial Freedom is a mitigation to the risk of living your life !! Choice has always been yours.

Children can only learn to take responsibility when given a chance to assess and mitigate risk for themselves.

Good testing involves balancing the need to mitigate risk against the risk of trying to gather too much information.

We must face the fact that society is founded on intolerance. [. . .] We may prate of toleration as we will; but society must always draw a line somewhere between allowable conduct and insanity or crime, in spite of the risk of mistaking sages for lunatics and saviours for blasphemers. We must persecute, even to the death; and all we can do to mitigate the danger of persecution is, first, to be very careful what we persecute, and second, to bear in mind that unless there is a large liberty to shock conventional people, and a well informed sense of the value of originality, individuality, and eccentricity, the result will be apparent stagnation covering a repression of evolutionary forces which will eventually explode with extravagant and probably destructive violence.

Companies should diversify revenue streams to mitigate risk, enhance resilience, tap into new market opportunities, foster innovation, and ensure long-term sustainability and adaptability in a dynamic business environment.

Mezzanine financing combines debt and equity, providing lenders with additional security. If your lender is interested in doing this, just know that’s it’s a way for them to mitigate risk. On the flip side, it may sometimes be smart to come out the gate with this as your offering.

Under opacity and in the newfound complexity of the world, people can hide risks and hurt others, with the law incapable of catching them. Iatrogenics has both delayed and invisible consequences. It is hard to see causal links, to fully understand what’s going on. Under such epistemic limitations, skin in the game is the only true mitigator of fragility.

When you pay attention to a threat, you worry—and the decision weights reflect how much you worry. Because of the possibility effect, the worry is not proportional to the probability of the threat. Reducing or mitigating the risk is not adequate; to eliminate the worry the probability must be brought down to zero.

There’s something else about this list that really jumps out. Take another look at the top five attributes listed there—the key characteristics defining a world-class sales experience: Rep offers unique and valuable perspectives on the market. Rep helps me navigate alternatives. Rep provides ongoing advice or consultation. Rep helps me avoid potential land mines. Rep educates me on new issues and outcomes. Each of these attributes speaks directly to an urgent need of the customer not to buy something, but to learn something. They’re looking to suppliers to help them identify new opportunities to cut costs, increase revenue, penetrate new markets, and mitigate risk in ways they themselves have not yet recognized. Essentially this is the customer—or 5,000 of them at least, all over the world—saying rather emphatically, “Stop wasting my time. Challenge me. Teach me something new.

Companies should consider merger and acquisition (M&A) opportunities carefully because these strategic moves can have a significant impact on their operations and financial health. Thorough evaluation helps mitigate risks, ensure alignment with business objectives, and maximize the potential benefits, ultimately leading to successful integration and growth.

Risk is amplified if the business doesn’t have clear title to its assets.

A deep understanding of the business and industry landscape allows board members to identify emerging risks and ensure appropriate mitigation strategies are in place.

Interest rate risk management tools, like derivatives, may be utilized to mitigate the impact of fluctuating interest rates on commercial loans.

Choosing not to care might mitigate the risk of pain, but in doing so it destroyed the capacity for joy, for finding meaning.

Stop performing. Start becoming. Stop trying harder. Start surrendering to the big call of God on your life. Let go of the desire to mitigate risk. Go all out.

In avoiding any situations reminiscent of the past trauma, or any initiative that might involve future planning and risk, traumatized people deprive themselves of those new opportunities for successful coping that might mitigate the effect of the traumatic experience. Thus, constrictive symptoms, though they may represent an attempt to defend against overwhelming emotional states, exact a high price for whatever protection they afford. They narrow and deplete the quality of life and ultimately perpetuate the effects of the traumatic event.

Embracing fear isn't about being fearless. That leads to recklessness and complacency. It's about learning how to mitigate risk. I've faced death many times, and I suspect I will do so again. The potential for disaster always exists. We master it not by ignoring our fears, but by refusing to let them dictate the course of our lives, Instead of running, we must meet our fears head-on. We cannot allow fear to control our lives. We must control fear.

As we were talking about our families, we got to talking about parenting teenagers and he [Andre Agassi] said something that really stuck with me: "We raise our children for about fourteen years, and then we just mitigate risk." We only have a dozen or so years to instill in our children the core values we hope will guide them through the rest of their lives. After that, our influence wanes and their independence blossoms. We never really ever stop parenting, but our years of intense influence eventually fade . . .

Corporate governance involves its fair share of uncertainty, but effective risk management mitigates potential threats.

What’s stopping you from moving forward? The need to be certain. Certainty is prison. Break free and you’ll be free.

Companies should assess and mitigate financial risks because doing so safeguards their financial stability, protects investments, and ensures they are better prepared to weather economic uncertainties. By identifying and managing potential risks, businesses can reduce the likelihood of adverse financial events and maintain a strong, sustainable financial position.

The bottom line is that the government has artificially mitigated lenders’ risk, and it has done so on the perverse, altruistic premise that “society” has a moral duty to increase home ownership among low-income Americans.

The more nationalism and isolationism pervade the global polity, the greater the chance that global governance loses its relevance and becomes ineffective. Sadly, we are now at this critical juncture. Put bluntly, we live in a world in which nobody is really in charge. COVID-19 has reminded us that the biggest problems we face are global in nature. Whether it’s pandemics, climate change, terrorism or international trade, all are global issues that we can only address, and whose risks can only be mitigated, in a collective fashion.

That bidding process pushes prices higher, giving rise to inflationary pressures. To mitigate that risk, the tax needs to offset enough current spending to free up the real resources the government is trying to hire. The problem is that because this particular tax is levied on a tiny cadre of uber-rich people, it won’t open up much (if any) fiscal space.

Techniques for making decision: - Fill in the gaps (Discuss with domain experts) - Have a Go-To Team (Team that understands you and are aligned with your core values) - Pull in the stake holders - Visualize what your world would look like with that decision - Take emotions out of the decision (Take time if needed) - Think in advance about the worst case scenario - Mitigate the risk of worst case scenario

The strategy paradox arises from the need to commit in the face of unavoidable uncertainty. The solution to the paradox is to separate the management of commitments from the management of uncertainty. Since uncertainty increases with the time horizon under consideration, the basis for the allocation of decision making is the time horizon for which different levels of the hierarchy are responsible: the corporate office, responsible for the longest time horizon, must focus on managing uncertainty, while operating managers must focus on delivering on commitments. This is the principle of Requisite Uncertainty. A critically important tool in applying Requisite Uncertainty is Strategic Flexibility, a framework for identifying uncertainties and developing the options needed to mitigate risk or exploit opportunity.

We judge ourselves by our internal motives and everyone else by their external actions. And thus, in considering our own misdeeds, we have more access to mitigating situational information. This is straight out of Us Them. When Thems do something wrong, it's because they're simply rotten. When Us-es do it, it's because of an extenuating circumstance and Me is the most focal Us there is, coming with the most insight into internal state. Thus on this cognitive level, there is no inconsistency or hypocrisy and we might readily perceive a wrong to be mitigated by internal motives in the case of anyone's misdeeds. It's just easier to know those motives when we are the perpetrator. The adverse consequences of this are wide and deep. Moreover, the pull towards judging yourself less harshly than others easily resists the rationality of deterrence. As Ariely writes in his book, 'Overall, cheating is not limited by risk; it is limited by our ability to rationalize the cheating to ourselves.

X gave most of its customers checking accounts, and so those customers who were able to get their mail would sometimes immediately take advantage by writing a series of bad checks. “I was thinking, ‘What the hell did I step into,’ ” said an early hire who was tasked with handling fraud. “There was no sort of risk mitigation in place.” When employees told Musk that the bank that X had partnered with to handle the checking accounts was complaining about bounced checks, Musk seemed confused by the concept. “I don’t understand,” Musk said. “If you don’t have money in your account, why would you write a check?

When you consider a new project, take out your notebook and answer the following questions: What is the goal of this project? Why am I doing it? What do I hope to get out of it? What is the worst thing that might happen if I fail? What steps can I take to reduce risk and mitigate failure? Is it worth it? Every big creative project calls for a risk assessment because most of us risk too little to truly stand out. It’s only once you sit down and write out all the worst-case scenarios that you realize that the shadowy fears circling around your head aren’t really all that concrete or overwhelming. They’re just manageable obstacles.

Richard Thaler tells of a discussion about decision making he had with the top managers of the 25 divisions of a large company. He asked them to consider a risky option in which, with equal probabilities, they could lose a large amount of the capital they controlled or earn double that amount. None of the executives was willing to take such a dangerous gamble. Thaler then turned to the CEO of the company, who was also present, and asked for his opinion. Without hesitation, the CEO answered, “I would like all of them to accept their risks.” In the context of that conversation, it was natural for the CEO to adopt a broad frame that encompassed all 25 bets. Like Sam facing 100 coin tosses, he could count on statistical aggregation to mitigate the overall risk.

Anthropologists like Kohrt, Hoffman, and Abramowitz have identified three factors that seem to crucially affect a combatant's transition back into civilian life. The United States seems to rank low on all three. First, cohesive and egalitarian tribal societies do a very good job at mitigating effects of trauma, but by their very nature, many modern societies are exactly the opposite: hierarchical and alienating. America's great wealth, although a blessing in many ways, has allowed for the growth of an individualistic society that suffers high rates of depression and anxiety. Both are correlated with chronic PTSD. Secondly, ex-combatants shouldn't be seen -or be encouraged to see themselves - as victims... Lifelong disability payments for a disorder like PTSD, which is both treatable and usually not chronic, risks turning veterans into a victim class that is entirely dependent on the government for their livelihood... Perhaps most important, veterans need to feel that they're just as necessary and productive back in society as they were on the battlefield... Recent studies of something called 'social resilience' have identified resource sharing and egalitarian wealth distribution as major components of a society's ability to recover from hardship. And societies that rank high on social resilience...provide soldiers with a significantly stronger buffer against PTSD than low-resilience societies. In fact, social resilience is an even better predictor of trauma recovery than the level of resilience of the person himself.

One critic complained to me that "Well, if you are right, we will have to rewrite the textbooks!" As if that were a bad thing ... [But], curiously, some of our most virulent critics are associated with NASA and the government. A NASA employee tells me that this attitude of opposition to impact threats is entrenched in NASA and is only now slowly beginning to change. When it became obvious to NASA decades ago that asteroids and comets are a serious threat, their employees were instructed by top government officials to downplay the risk. The government was concerned that the populace would "panic" over space rocks and demand action, when NASA couldn't do anything about them and didn't want to admit it. Plus, trying to mitigate any impact hazards would have used up funding they wanted to put elsewhere.

Even seemingly simple scenarios of genetic screening force us to enter arenas of unnerving moral hazard. Take Friedman’s example of using a blood test to screen soldiers for genes that predispose to PTSD. At first glance, such a strategy would seem to mitigate the trauma of war: soldiers incapable of “fear extinction” might be screened and treated with intensive psychiatric therapies or medical therapies to return them to normalcy. But what if, extending the logic, we screen soldiers for PTSD risk before deployment? Would that really be desirable? Do we truly want to select soldiers incapable of registering trauma, or genetically “augmented” with the capacity to extinguish the psychic anguish of violence? Such a form of screening would seem to me to be precisely undesirable: a mind incapable of “fear extinction” is exactly the dangerous sort of mind to be avoided in war.

I discovered that the predominant effects produced by the drugs discussed in this book are positive. It didn’t matter whether the drug in question was cannabis, cocaine, heroin, methamphetamine, or psilocybin. Overwhelmingly, consumers expressed feeling more altruistic, empathetic, euphoric, focused, grateful, and tranquil. They also experienced enhanced social interactions, a greater sense of purpose and meaning, and increased sexual intimacy and performance. This constellation of findings challenged my original beliefs about drugs and their effects. I had been indoctrinated to be biased toward the negative effects of drug use. But over the past two-plus decades, I had gained a deeper, more nuanced understanding. Sure, negative effects were also possible outcomes. But they represented a minority of effects; they were predictable and readily mitigated. For example, the type of drug use described in this book should be limited to healthy, responsible adults. These individuals fulfill their responsibilities as citizens, parents, partners, and professionals. They eat healthy, exercise regularly, and get sufficient amounts of sleep. They take steps to alleviate chronic excessive stress levels. These practices ensure physical fitness and considerably reduce the likelihood of experiencing adverse effects. Equally important, I learned that people undergoing acute crises and those afflicted with psychiatric illnesses should probably avoid drug use because they may be at greater risk of experiencing unwanted effects. The vast amount of predictably favorable drug effects intrigued me, so much so that I expanded my own drug use to take advantage of the wide array of beneficial outcomes specific drugs can offer. To put this in personal terms, my position as department chairman (from 2016 to 2019) was far more detrimental to my health than my drug use ever was. Frequently, the demands of the job led to irregular exercise and poor eating and sleeping habits, which contributed to pathological stress levels. This wasn’t good for my mental or physical health. My drug use, however, has never been as disruptive or as problematic. It has, in fact, been largely protective against the negative health consequences of negotiating pathology-producing environments.

China’s rise is especially instructive for India. It was driving diplomatically in the late 1970s efforts to forge a united front against the USSR. This is in contrast to its reluctance to intervene, even indirectly, in the 1971 Bangladesh conflict despite being exhorted to do so by the Nixon Administration. What changed during this period was a determination to break up the cooperative strand in the ties between the US and USSR that was constricting China’s strategic space. So it utilized both the Vietnam and Afghanistan conflicts to that end. And thus created a favourable political climate for the flow of Western investments. So much so, that even when the Tiananmen incident happened, there were enough advocates abroad to mitigate the damage. Having more than achieved its strategic objectives when the USSR broke up, China altered course and made up with a Russia coming under pressure. For an Indian assessing this period, it is telling that a competitor willing to take greater risks and pursue strategic clarity not only got a decade’s head start in economic growth but also a more favourable geopolitical balance. So much again for consistency.

Grades can also be profoundly unfair, especially for students who are unable to keep up, because the level of the exams usually increases from week to week. Let’s take the analogy of video games. When you discover a new game, you initially have no idea how to progress effectively. Above all, you don’t want to be constantly reminded of how bad you are! That’s why video game designers start with extremely easy levels, where you are almost sure to win. Very gradually, the difficulty increases and, with it, the risk of failure and frustration—but programmers know how to mitigate this by mixing the easy with the difficult, and by leaving you free to retry the same level as many times as you need. You see your score steadily increase . . . and finally, the joyous day comes when you successfully pass the final level, where you were stuck for so long. Now compare this with the report cards of “bad” students: they start the year off with a bad grade, and instead of motivating them by letting them take the same test again until they pass, the teacher gives them a new exercise every week, almost always beyond their abilities. Week after week, their “score” hovers around zero. In the video game market, such a design would be a complete disaster. All too often, schools use grades as punishments.

What’s an IPO, exactly? A company decides it wants to “float” part of its equity on the public markets, allowing employees and founders to sell private shares to pay them off for years of service, as well as sell shares out of the corporate treasury to have some money in the bank. Large investment banks (such as my former employer Goldman Sachs) form what’s called a “syndicate” (“mafia” might be a better term) wherein they offer to effectively buy those shares from Facebook, and then sell them into the capital markets, usually by pushing it via their sales force onto wealthy clients or institutional investors. That syndicate either guarantees a price (“firm commitment”) or promises to get the best price it can (“best effort”). In the former case, the bank is taking real execution risk, and stands to lose money if it doesn’t engineer a “pop” in the stock on opening day. To mitigate the risk, the bank convinces the offering company to expect a lower price, while simultaneously jacking up what real price the market will bear with a zealous sales pitch to the market’s deepest pockets. Thus, it is absolutely jejune to think that a stock’s rise on opening day is due to clamoring and unexpected interest. Similar to Captain Renault in Casablanca, Wall Street bankers are shocked—shocked!—that there should be such a large and positive price dislocation in the market they just rigged.

The war against ISIS in Iraq was a long, hard slog, and for a time the administration was as guilty of hyping progress as the most imaginative briefers at the old “Five O’Clock Follies” in Saigon had been. In May 2015, an ISIS assault on Ramadi and a sandstorm that grounded U.S. planes sent Iraqi forces and U.S. Special Forces embedded with them fleeing the city. Thanks to growing hostility between the Iraqi government and Iranian-supported militias in the battle, the city wouldn’t be taken until the end of the year. Before it was over we had sent well over five thousand military personnel back to Iraq, including Special Forces operators embedded as advisors with Iraqi and Kurdish units. A Navy SEAL, a native Arizonan whom I had known when he was a boy, was killed in northern Iraq. His name was Charles Keating IV, the grandson of my old benefactor, with whom I had been implicated all those years ago in the scandal his name had branded. He was by all accounts a brave and fine man, and I mourned his loss. Special Forces operators were on the front lines when the liberation of Mosul began in October 2016. At immense cost, Mosul was mostly cleared of ISIS fighters by the end of July 2017, though sporadic fighting continued for months. The city was in ruins, and the traumatized civilian population was desolate. By December ISIS had been defeated everywhere in Iraq. I believe that had U.S. forces retained a modest but effective presence in Iraq after 2011 many of these tragic events might have been avoided or mitigated. Would ISIS nihilists unleashed in the fury and slaughter of the Syrian civil war have extended their dystopian caliphate to Iraq had ten thousand or more Americans been in country? Probably, but with American advisors and airpower already on the scene and embedded with Iraqi security forces, I think their advance would have been blunted before they had seized so much territory and subjected millions to the nightmare of ISIS rule. Would Maliki have concentrated so much power and alienated Sunnis so badly that the insurgency would catch fire again? Would Iran’s influence have been as detrimental as it was? Would Iraqis have collaborated to prevent a full-scale civil war from erupting? No one can answer for certain. But I believe that our presence there would have had positive effects. All we can say for certain is that Iraq still has a difficult road to walk, but another opportunity to progress toward that hopeful vision of a democratic, independent nation that’s learned to accommodate its sectarian differences, which generations of Iraqis have suffered without and hundreds of thousands of Americans risked everything for.

Risk is the likelihood that a threat will exploit a vulnerability. Risk mitigation reduces the chances that a threat will exploit a vulnerability, or reduces the impact of the risk, by implementing security controls.

Ensuring that an idea is right before scaling it out mitigates the risk inherent in broad feature deployment.

At the heart of the English character lay a fund of kindliness. Though in the mass rough and often cruel, and passionately addicted to barbarous sports like bull-baiting and cock-fighting, they led the world in humanitarian endeavour. It was an Englishman who in the 'seventies and 'eighties, at extreme risk and personal inconvenience, travelled 50,000 miles visiting the putrid, typhus-ridden jails of Europe; and it was Englishmen who at the close of the century first instituted organised opposition to cruelty to children and animals. But nothing so well illustrates the slow but persistent national impulse to mitigate inhumanity as the popular condemnation of the slave trade. This movement ran directly counter to the immediate material interests of the country; it none the less steadily gained strength from its inception by a handful of Quakers in the 'sixties until at the end of the century it was espoused by the Prime Minister himself and the overwhelming majority of thinking Englishmen.

Geithner’s proposed terms for the loan—which drew heavily on the work of bankers he had asked to explore options for private financing for AIG—included a floating interest rate starting at about 11.5 percent. AIG would also be required to give the government an ownership share of almost 80 percent of the company. Tough terms were appropriate. Given our relative unfamiliarity with the company, the difficulty of valuing AIG FP’s complex derivatives positions, and the extreme conditions we were seeing in financial markets, lending such a large amount inevitably entailed significant risk. Evidently, it was risk that no private-sector firm had been willing to undertake. Taxpayers deserved adequate compensation for bearing that risk. In particular, the requirement that AIG cede a substantial part of its ownership was intended to ensure that taxpayers shared in the gains if the company recovered. Equally important, tough terms helped address the unfairness inherent in aiding AIG and not other firms, while also serving to mitigate the moral hazard arising from the bailout. If executives at similarly situated firms believed they would get easy terms in a government bailout, they would have little incentive to raise capital, reduce risk, or accept market offers for their assets or their company. The Fed and Treasury had pushed for tough terms for the shareholders of Bear Stearns and Fannie and Freddie for precisely these reasons. The political backlash would be intense no matter what we did, but we needed to show that we got taxpayers the best possible deal and had minimized the windfall that the bailout gave to AIG and its shareholders.

The SWOT component of strategic planning is the first point where strategy and risk management intersect. The product of the ERM process (the identified risks and mitigation plans) can inform the strategic planners—and vice versa. 

Research on brain development illustrates that babies are born with the biological expectation to be a part of a mutually beneficial relationship and that positive relationships are the single most important factor in healthy development.  According to Woodcock-Ross, Hooper, Stenhouse, & Sheaff (2009), “the interactional quality of early relationship experiences has a biological impact on the rapidly developing brain, alongside effects upon psychological health and social functioning” (p. 1009).  In fact, early relationships create the foundation upon which all other learning can occur.  “Each achievement – language and learning, social development, the emergence of self-regulation – occurs in the context of close relationships with others” (National Academy of Science, 2000).   Due to the importance of early relationships for optimal brain development, relational risk factors for infants in the form of unmet emotional needs or negative caregiving experiences places them at an increased risk for mental health problems (Fish & Chapman, 2004).  This risk is mitigated within the context of caring, nurturing relationships with adult caregivers.

The Dilemma of Dead Man’s Curve is this: when the existing infrastructure no longer supports the demands placed upon it—causing injuries, loss of life, disruptions of operations, etc.—the operators of that infrastructure always will try to mitigate the related risks by installing patches at the lowest possible cost.

Management’s job is not to mitigate risks or prevent failures, but to create an environment resilient enough to take on those risks and tolerate the inevitable missteps.

The strategy paradox arises from the need to make strategic commitments in the face of strategic uncertainty. Strategic uncertainty—which is different from operational or financial uncertainty—increases as one attempts to plan over longer time horizons. The traditional hierarchy provides a foundation for managing strategic uncertainty, because hierarchies function best when the levels within them are defined by the time horizons the managers at each level are responsible for. As a result, each level in a hierarchy copes with different degrees of strategic uncertainty. Lower levels have very little strategic latitude, focusing instead on delivering against past commitments, while higher levels manage strategic uncertainty more actively by mitigating strategic risk and positioning the firm to exploit future strategic opportunities. Midlevel managers in charge of operating divisions must translate the possibilities created by senior management into commitments that functional management must fulfill.

Sticking with the $2 trillion infrastructure proposal, MMT would have us begin by asking if it would be safe for Congress to authorize $2 trillion in new spending without offsets. A careful analysis of the economy’s existing (and anticipated) slack would guide lawmakers in making that determination. If the CBO and other independent analysts concluded it would risk pushing inflation above some desired inflation rate, then lawmakers could begin to assemble a menu of options to identify the most effective ways to mitigate that risk. Perhaps one-third, one-half, or three-fourths of the spending would need to be offset. It’s also possible that none would require offsets. Or perhaps the economy is so close to its full employment potential that PAYGO is the right policy. The point is, Congress should work backward to arrive at the answer rather than beginning with the presumption that every new dollar of spending needs to be fully offset. That helps to protect us from unwarranted tax increases and undesired inflation. It also ensures that there is always a check on any new spending. The best way to fight inflation is before it happens. In one sense, we have gotten lucky. Congress routinely makes large fiscal commitments without pausing to evaluate inflation risks. It can add hundreds of billions of dollars to the defense budget or pass tax cuts that add trillions to the fiscal deficit over time, and for the most part, we come out unscathed—at least in terms of inflation. That’s because there’s normally enough slack to absorb bigger deficits. Although excess capacity has served as a sort of insurance policy against a Congress that ignores inflation risk, maintaining idle resources comes at a price. It depresses our collective well-being by depriving us of the array of things we could have enjoyed if we had put our resources to good use. MMT aims to change that. MMT is about harnessing the power of the public purse to build an economy that lives up to its full potential while maintaining appropriate checks on that power. No one would think of Spider-Man as a superhero if he refused to use his powers to protect and serve. With great power comes great responsibility. The power of the purse belongs to all of us. It is wielded by democratically elected members of Congress, but we should think of it as a power that exists to serve us all. Overspending is an abuse of power, but so is refusing to act when more can be done to elevate the human condition without risking inflation.

As Campbell pointed out, in all spiritual traditions the hero must undergo initiation and testing. These rites of passage awaken and develop latent human capacities as they mark and safely ritualize the process of maturity, empowerment, and agency among members of a group. Initiation is a way adolescent naivete and dependency ends as we develop a sense of mastery, meaning, and purpose and are reborn as adults and active, contributing members of the tribe. Vision quests, shamanic journeys, sun dances, ordinations, Bar and Bat Mitzvahs, and confirmations offer access to a time-tested method steeped in a collective body of wisdom and community that mitigates risk and gives reproducible outcome. (p. 18) Regardless of time, place, or culture, the motifs and stages of every initiation are the same. Whether symbolic or actual they include leaving home or separating from the community, facing a symbolic or literal hardship that serves as a psychological catalyst for an altered state of consciousness, and awakening as the nascent hero. The process continues with integrating and embodying wisdom, sometimes with the help of elders, priests, or shamans, and returning to the community as a mature member, active contributor, or leader. Initiation hastens development so the latent hero nature can be realized. (p. 18)

Strategic Optimism is not about ignoring the limitations, risks, or harms that do exist; in fact, it’s about acknowledging the full reality of the current situation and the full range of possible outcomes, mitigating the worst outcomes, and working diligently toward achieving the best.

We need a revolution in mental health awareness to help us grasp the wonder and complexity of human behavior, health and functioning, and the nuances and intersections of brilliance and madness. This starts with dismantling myopic myths that prevent us from seeing the simultaneous wonder and complexity of our fullest selves. It involves providing access to the tools that mitigate being overtaken by the ravages of burnout and mental decompensation: the very risks of living in the modern world. Our sense-making approaches need to be comprehensive- grounded both scientifically and medically, steeped in love, and in ways that account for the multidimensionality of emotional and spiritual essence. Those that go beyond what the mind can first conceive of. This new mental health imperative relies upon universal precautions and a vehement resistance to linear checklists and binary labels that frame our gorgeous spirits solely as either complex and fraught or indomitable and wondrous. It also relies not on good will and best practices but the moral courage of policy makers to treat human beings like human beings. Dogs are often treated better than people. This is our new imperative: to radically change the way we care for ourselves and one another. We cannot extricate ourselves from the fact that the lines we walk are incredibly thin and blurry, and our only hope is to rewrite and navigate them together in solidarity, with every measure of creative reason and conscious community that can be mustered...

A strong product culture means that the team understands the importance of continuous and rapid testing and learning. They understand that they need to make mistakes in order to learn, but they need to make them quickly and mitigate the risks. They understand the need for continuous innovation. They know that great products are the result of true collaboration. They respect and value their designers and engineers. They understand the power of a motivated product team. A strong VP product will understand the importance of a strong product culture, be able to give real examples of her own experiences with product culture, and have concrete plans for instilling this culture in your company.

Success isn’t found in avoiding anything that could go wrong. It’s found in harnessing your strengths to make them work for you and creating systems that mitigate risk and enhance efficiency.

Even though some of his public statements over that time period would have suggested he didn’t see the looming calamity, or the need for strong action, his private demeanor that day left me with the clear impression that he recognized the grave risks, he was more solemn than previous meetings, and when it came to the question of mitigation, he was mostly sold on the ideas before I had arrived.

One of the mistakes we make as parents and as leaders is this: we do everything within our power to create emotional and relational and spiritual biospheres. We avoid conflict. We mitigate risk. We minimize discomfort. We sidestep sacrifice. Then we wonder why people grow to a certain stature and stop. We wonder why leaders fall.

no one wants to take the interpersonal risk of imposing ideas when the boss appears to think he or she knows everything. A learning mindset, which blends humility and curiosity, mitigates this risk. A learning mindset recognizes that there is always more to learn.

paying attention without a contingency plan leave us with the status quo.

By recognizing our dependencies, we can track potential challenges and identify unforeseeable opportunities.

As a skilled choice architect, you are conscious of utilizing the WRAP and NUDGES frameworks in preparing your presentation and framing of the issues. Having completed a study of the value agenda, you recognize that you need to overlay the risk and mitigation costs into a single picture.

One of the many aspects of Bureau life that preserves reliance on the FBI code is the Bureau’s reluctance to assign agents back to their hometowns. It is still a rare event for anyone to be transferred back home right out of the academy. I tried for twenty-five years to get back to Connecticut, but it never happened. This isn’t about keeping an agent off-balance. It’s about mitigating the risk that an agent might be more influenced by external factors than by the Bureau’s internal code. So of course, the Bureau took this Connecticut Yankee and sent me to Atlanta, Georgia, right after training.

After the goal of the project has been decided and placed in the box on the right. After the plan has been developed using experiments, simulations, and experience. After accurate forecasts have been made, and risks mitigated, based on real-world performance of past projects. After all that, you have done your slow thinking and you have a plan worthy of the name. Now it’s time to act fast and deliver. A strong plan greatly increases the probability of a swift and successful delivery. But it’s not enough. As any experienced project manager will tell you, you also need a capable, determined delivery team. The success of any project depends on getting the team right—“getting the right people on the bus,” as one colleague metaphorically put it, “and placing them in the right seats,” as another added.

Exhaustive planning that enables swift delivery, narrowing the time window that black swans can crash through, is an effective means of mitigating this risk. Finishing is the ultimate form of black swan prevention; after a project is done, it can’t blow up, at least not as regards delivery.

Think of your project as “one of those,” gather data, and learn from all the experience those numbers represent by making reference-class forecasts. Use the same focus to spot and mitigate risks. Switching the focus from your project to the class your project belongs to will lead, paradoxically, to a more accurate understanding of your project.

WATCH YOUR DOWNSIDE It’s often said that opportunity is as important as risk. That’s false. Risk can kill you or your project. No upside can compensate for that. For fat-tailed risk, which is present in most projects, forget about forecasting risk; go directly to mitigation by spotting and eliminating dangers.

As with reference-class forecasting, the big hurdle to black swan management is overcoming uniqueness bias. If you imagine that your project is so different from other projects that you have nothing to learn from them, you will overlook risks that you would catch and mitigate if you instead switched to the outside view.

I've observed that what's different about successful entrepreneurs is not their drive, as most are no more or no less driven than many leaders in the corporate world are. It's not their personalities, as they are all as different as you are from me. It's not their willingness to take risk, because what the good ones do is find ways to offload the ever‐present risk onto others or mitigate it. They manage risk. They don't take risk, at least not willingly. So, what's the difference? It's their mindsets that cause entrepreneurs to think and act fundamentally differently from many of their peers in large, well‐established businesses. Moreover, these mindsets fly in the face of much of what we teach—and have taught for decades—in business schools. They fly in the face of what we have come to accept as near‐universal truths about how business works. They fly in the face of what most people think one should do to lead and manage a successful business. In short, they break the conventional rules.

When one is choosing among the many assumptions in a business plan, it makes sense to test the riskiest assumptions first. If you can’t find a way to mitigate these risks toward the ideal that is required for a sustainable business, there is no point in testing the others.

Understanding Financial Risks and Companies Mitigate them? Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital. Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers. Here's how to mitigate risks in financial corporates:- ● Keeping track of Business Operations Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses. ● Stocking up Emergency Funds Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses. ● Taking Data-Backed Decisions Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks. Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations. What are the Financial Risks Involved in Corporations? Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks. Financial risk management is the pinnacle of the financial world and incorporates the following risks:- ● Market Risk Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others. Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses. ● Credit Risk Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest. Credit risk arises when a borrower falters to make the payment owed to them. ● Liquidity Risk Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run. Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market. ● Operational Risk Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures. Key Takeaway The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.

feedback on quality, and bug fixing. These accelerate beneficial changes entering production, limit issues deployed, and enable rapid identification and remediation of issues introduced through deployment activities or discovered in your environments. Adopt approaches that provide fast feedback on quality and enable rapid recovery from changes that do not have desired outcomes. Using these practices mitigates the impact of issues introduced through the deployment of changes. Plan for unsuccessful changes so that you are able to respond faster if necessary and test and validate the changes you make. Be aware of planned activities in your environments so that you can manage the risk of changes impacting planned activities. Emphasize frequent, small, reversible changes to limit the scope of change. This results in easier troubleshooting and faster remediation with the option to roll back a change. It also means you are able to get the benefit of valuable changes more frequently. Evaluate the operational readiness of your workload, processes, procedures, and personnel

explore various methods by which we can mitigate or eliminate those risks, and improve and increase our healthspan—and how to apply them to each unique patient.

While, it’s true that there isn’t a way to make yourself bulletproof from cyber attackers. There are many ways that you can minimize your risk of being a victim of a successful attack.

The brand's reputation can be significantly impacted by the online narrative. A positive reputation can enhance trust and credibility, whereas negative sentiments can damage a brand’s image and deter potential customers. ORM helps mitigate the risk of a tarnished reputation by addressing negative feedback promptly and promoting positive stories.

Members of The Center for AI Safety say that mitigating the risk of extinction from AI should be a global priority, because inventing machines that are more powerful than us is playing with fire. While AI has many beneficial applications, it can be used to perpetuate bias, power autonomous weapons, promote misinformation, and conduct cyberattacks. Even as AI systems are used with human involvement, AI agents are increasingly able to act autonomously to cause harm.

Put it this way: The corporate clients paying for those failures at IDEO aren’t hovering over the designers’ shoulders to watch the failures unfold. By the time the project is delivered to its eager customer, it’s poised for success. This is part of the risk-mitigation strategy of any successful innovation department.

REAL ESTATE - We have an uncanny ability to read the markets, anticipate emerging and enduring trends, and direct our investments to unique projects positioned to generate excellent risk-adjusted yields. Our track record reflects our expertise across a broad range of asset classes — office, retail, multi-family, hospitality, light industrial, life sciences, and assisted living — and our ability to bridge economic cycles while mitigating risk

The example brings the distinction between Structure and Content into stark relief. Structure concerns the way you identify and mitigate ethical risks. Content concerns what you take those ethical risks to be. An effective AI ethical risk program includes both.

Microsoft Dynamics 365 Supply Chain Management Solutions Optimize your supply chain with Dynamics 365 Supply Chain Management. Our Microsoft expertise ensures efficient supply chain management. Introduction to Dynamics 365 Supply Chain Management In today's fast-paced business environment, managing a supply chain efficiently is crucial for success. Microsoft Dynamics 365 Supply Chain Management offers a comprehensive solution designed to streamline and enhance your supply chain operations. With our expertise in Microsoft technologies, we can help you achieve operational excellence and meet your business goals. Key Features of Dynamics 365 Supply Chain Management End-to-End Visibility: Gain complete visibility into your supply chain processes, from procurement to delivery. Real-Time Insights: Utilize advanced analytics and AI to make data-driven decisions. Seamless Integration: Integrate seamlessly with other Microsoft Dynamics 365 applications and third-party systems. Scalability: Easily scale your operations as your business grows. Enhanced Collaboration: Improve collaboration across departments with a unified platform. Benefits of Using Dynamics 365 Supply Chain Management Increased Efficiency: Automate and optimize your supply chain processes to reduce manual efforts and errors. Cost Savings: Identify cost-saving opportunities through better inventory management and demand forecasting. Improved Customer Satisfaction: Ensure timely delivery and high-quality products to enhance customer satisfaction. Risk Management: Mitigate risks by monitoring and managing potential disruptions in real-time. Why Choose Us? With our extensive experience in Microsoft Dynamics 365, we are committed to providing top-notch supply chain management solutions tailored to your business needs. Our team of experts will work with you to implement and optimize Dynamics 365 Supply Chain Management, ensuring you get the most out of your investment. Get Started Today Transform your supply chain with Dynamics 365 Supply Chain Management. Contact us today to learn more about how we can help you achieve a more efficient and effective supply chain.

The 12 Principles of Permaculture Investing are: 1. Accumulate & Compound Capital: Consistently save and invest to grow your capital base over time, leveraging the power of compound interest. 2. Utilize Capital: Actively deploy your capital into productive investments that generate returns, rather than letting it sit idle. 3. Retain Maximum & Gradiented Liquidity: Maintain a balance between liquid assets (easily accessible cash) and less liquid investments, ensuring you can meet immediate needs while still investing for the long term. 4. Actively Manage Passive: While focusing on passive income sources, actively monitor and adjust your investments to optimize returns and mitigate risks. 5. Prioritize Long-Term Growth: Focus on investments that offer potential for significant growth over the long term, even if they don't provide immediate high yields. 6. Prioritize Consistent Yields: Balance your portfolio with investments that provide reliable, consistent income to support your financial needs. 7. Add Net Value to all Stakeholders: Invest in ways that benefit not only yourself but also the broader community, environment, and all parties involved. 8. Provide Authentic Data: Be transparent and honest in your financial reporting, providing accurate information to all stakeholders. 9. Collect & Utilize Authentic Data: Base your investment decisions on reliable, verified data rather than speculation or rumors. 10. Diversify Holistically: Diversify your investments across different asset classes, industries, and geographical regions to reduce risk and maximize potential returns. 11. Harvest Yields Equitably: Distribute profits fairly among all stakeholders, ensuring everyone benefits from the investment's success. 12. Reinvest Yields in Most Profitable Assets: Continuously evaluate your portfolio and reinvest profits into the most promising opportunities to further compound your growth.

more unwanted stress or traumatic events occurring between six months to two years before onset; – a cumulative correlation between stress and relapse: after one stressful life event, the relapse risk doubles or triples; after three or more, the risk increases by five- to nearly sevenfold; – histories of childhood trauma, which are double or triple those of the general population; – physical and sexual abuse histories correlated with higher relapse rates; – being less in touch with their emotions, in general, and therefore less able to protect themselves from stress; and – social support mitigating the effect of life stresses.22

Thus, contrary to the folklore, entrepreneurs don't much like risk either. They use these six mindsets to mitigate it. Or manage it. Or off‐load it onto others. “Isn't your idea risky?” they will be asked. Of course, it's risky! There's market risk: Will customers buy (They bought from the outset at Budgetplaces.com; but not so fast at Nespresso.)? There's technology risk: Will the new‐fangled product actually work (Would Elon Musk figure out how to build electric vehicles with enough range?)? There's execution risk: Will the team be able to deliver what it sets out to deliver (Simon Cohen's 2 a.m. wake‐ups stole a day on his competitors.)? And more. Working counter‐conventionally, they all put one or more of the six mindsets into action.

there are a wide variety of ways to solve these problems. Some common tactics include: Gathering data to decide what to do. Leveraging the support and expertise of people around you. Discussing and setting team priorities. Understanding the emotions of those around you. Thinking about what the “right” thing to do is (based on ethics, what’s best for the customer, etc). Breaking down the situation, focusing on what you know, and understanding more about what you know. Mitigating risk. Being honest and straightforward. Solving the problem creatively or thinking outside the box. Compromising. Balancing short-term and long-term tradeoffs. Managing the expectations of coworkers and customers.

Dr. Sundari Mase, offers extensive experience as Team Lead for CDC's Travel Epidemiology and Risk Mitigation Team in the Division of Global Migration Health. With a background in neurobiology and internal medicine, she previously served as a Teaching Assistant and worked with disabled children before transitioning to public health. Her significant contributions have garnered recognition, including honors like the North Bay Women in Business Award and the Global Citizen Award.

What went wrong? Lasko and his team spent ages thinking about risk, but they never shifted their perspective from thinking of the Great Chicago Fire Festival as a unique project to seeing it as “one of those”; that is, part of a wider class of projects. If they had, they would have spent time thinking about live events. How do they fail? One common way is equipment failure. Mics don’t work. Computers crash. How is that risk mitigated? Simple: Identify essential equipment, get backups, and make contingency plans. That kind of analysis is dead easy—but only after you have shifted to the outside view. Notice that risk mitigation does not require predicting the exact circumstances that lead to disaster. Jim Lasko didn’t need to identify when and how the ignition system would fail, only recognize that it could. And have a Plan B if it did. Recall what Benjamin Franklin wrote in 1758: “A little neglect may breed great mischief.” This is why high safety standards are an excellent form of risk mitigation and a must on all projects. They’re not just good for workers; they prevent little things from combining in unpredictable ways into project-smashing black swans.

Again, having diverse teams and consulting stakeholders is important and it ought to be done. But as a recent paper out of Columbia University found, they are not necessarily the most effective bias-identification and mitigation strategies.8 It’s more important, in the context of talking about bias mitigation in AI, that there exists expertise with regard to the ethical and legal risks that arise when training and testing your model.

There is a clarity about how children see the world that the complexities of adult life often muddy. And there is a fervor children feel when they believe adults have misled them or disguised or hidden the truth (p.89)....Fear and doubt might be mitigated or assuaged, but something even more profound was at risk. And that was trust. If so many things were not as they seemed, who had misled me? Who and what could I believe. (p. 105)

The presumed strength of patent protection in the United States has been gradually eroding in the face of multiple challenges, including from foreign competitors whose home jurisdictions may not recognize U.S. patent validity. For a startup, protecting and defending against patent infringement can involve expensive litigation that can drag on for years, a kiss of death for a lean startup and a system that now operates in favor of large companies that can afford teams of expensive lawyers. Is there a better way to mitigate the risk of having your idea stolen? Increasingly the answer lies in developing your idea very carefully, testing markets as quietly as possible, and working through your startup’s production and distribution mechanisms in anticipation of an all-in start, one that makes clear your intent to own the market that your innovation is targeting.

Changing focus early to exploit a better idea often is the best way to mitigate the risk of failing. This is yet another reason not to have investors involved with your company until you have found a scale opportunity to exploit. If you have no choice but to bring on investors, minimizing their control can be very difficult.

By prioritizing hearing and ear protection and selecting the appropriate devices for specific needs and environments, individuals can mitigate the risk of noise-induced hearing loss and maintain their auditory health over time. Regular monitoring of noise exposure levels and periodic auditory health checks are also recommended to detect any changes in hearing early on.

All startups face generic risks. Knowing this suggests a better way to improve your startup’s odds of success: Don’t focus on the specific risks, but anticipate the generic risks and attempt to mitigate or minimize their impact ahead of time.

Run an experiment with a new interview process for hiring fresh talent. Try out a new customer service experiment and see what the results show. Running a high volume of controlled experiments is your best chance at driving growth while mitigating risk. Test, measure, refine. Rinse and repeat.

In some circumstances manual testing becomes more efficient than automated testing; it takes much more time to generate automated test scripts compared to running test cases manually. Especially in time-sensitive, fast-track projects, this results in a weird situation of coding around bugs instead of finding and fixing them. Project managers and QA managers should consider this issue as a project risk. They should mitigate this risk by determining the right level of test automation. Shelfware

Just because something is ubiquitous does not mean that it is innocuous.