risk mitigation

What Risk Ownership Is and Isn’t

By Carol Williams / November 24, 2021 /

In a previous article on assigning a risk owner, I discuss how designating someone to be accountable for a risk is important for ensuring that it does not fall through the cracks and that an appropriate response is developed and acted upon in a timely manner. The article provides a high-level overview of when a…

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risk reduction

Risk Reduction – A Response Strategy for Decreasing the Impact of Potential Risk Events

By Carol Williams / November 19, 2018 /

If the popularity of my article from early 2017 outlining risk response strategies is any indication, organizations spend a lot of time thinking about the best way to address a particular risk. This popularity is the reason why I want to give risk professionals a more thorough understanding of each of the 4 response strategies…avoid,…

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8 Areas Where Florida Restaurants Must Proactively Manage Risks

By Carol Williams / January 20, 2017 /

It’s no secret that running a restaurant is hard… My husband’s grandfather, who was a successful business owner, told him that if a restaurant breaks even in 3 years, they’re doing really well. For some reason, his statement has stuck over the years, and it is something I think about frequently, especially since I started…

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Risk Management Decisions Impact on People and Businesses in Hurricane Hermine Aftermath

By Carol Williams / September 9, 2016 /

The Situation Hurricane Hermine started making her impression on Tallahassee in the evening of Thursday, September 1, 2016.   Only a few hours into the storm, approximately 130,000 in the Tallahassee region lost power, including almost 70,000 customers of the City of Tallahassee public utility.  As of 4:30pm on Tuesday, September 6, 10,000 of those same…

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