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Risk management is and always will be an integral aspect of life. This is especially evident when seeing life as a massive web of cause (activity), consequence (reaction), and 'risk' as the deviation from the ideal. I believe that approaching risk in this manner may be liberating because it enables us to forsake activity labeling in favor of considering the uncertainty of established outcomes. For a risk-taker, thinking in these terms reinforces the internal locus of control and contributes to t

Aligning activities with the company goal and executing them according to a structured strategy contributes to risk mitigation and enhances the likelihood of business success. However, there is a stage in Strategic Planning that is sometimes ignored despite its critical nature: the study of business risks. 

Organizations of all sorts and sizes are subject to external and internal pressures and variables that make their success unpredictable. Risks that are not properly quantified harm the busine