risk mitigation

What Risk Ownership Is and Isn’t

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

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

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

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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