Learning how to mitigate risk can be difficult. Risk is complex, presenting both dangerous threats you need to avoid as well as opportunities for growth and innovation. You need to know how to balance the threats and the opportunities at the same time.
In Part III of our three-part series of Insight Reports dedicated to risk, From Threats to Opportunities: How Risk Management Can Inspire Innovation in Industry 4.0, quality expert Nicole Radziwill shows you how to engage in effective risk treatment and how to find the opportunities that risk can present. You’ll learn about the following:
- The importance of using SWOT analysis.
- How the Baldrige Performance Excellence Program can help you understand intelligent risk.
- How to manage risk and opportunity at the same time.
- How risk-based thinking supports innovation.