"Risk avoidance" means to take actions or make choices that minimize or prevent potential dangers or negative consequences from happening. It involves avoiding situations, behaviors, or decisions that could potentially lead to harm, loss, or failure.
Full definition
Things are moving too rapidly in the global marketplace to act defensively and a go - slow strategy
of risk avoidance can be a death sentence for a startup.
You can also engage
in risk avoidance, which is helpful and can lower home insurance premiums in some situations.
But while many district lawyers see their job as being
about risk avoidance, good lawyers are skilled at finding creative ways to help their clients reach their goals.
The most common risk management strategy used by individuals is
called risk avoidance, also know as the «hope and pray» approach.
Risk avoidance involves trying to prevent situations where the risk is present, but that's not always possible because you can never fully account for the variable of other people.
The most common risk management strategy used by individuals is
called risk avoidance, also know as the «hope and pray» approach.
Risk avoidance involves trying to prevent situations where the risk is present, but that's not always possible because you can never fully account for the variable of other people.
If you choose to live in the middle of nowhere to
practice risk avoidance and prevent a neighbor's fire from impacting you, remember that you're likely much farther away from the nearest fire station and that means a longer response time.
Implements proper financial protection measures
through risk avoidance, risk transfer and risk retention programs
They rely on simple
risk avoidance strategies assessing the neatness and appearance of the street vendor's operation without regard to whether food safety practices are being followed.
Some insurance companies offer discounts on these rates if the business implements
risk avoidance measures such as drug testing its employees.
$ 523.9 million over five years to prevent tax evasion and improve tax compliance, including more auditors, a crackdown on high -
risk avoidance cases and better investigative efforts.
This number fails to recognize that all persons are worth protecting» and that all persons have the ability to take the necessary steps to achieve 100
percent risk avoidance.
As a last resort, condom usage is named» though not as a solution, but instead, as a means of harm reduction»
not risk avoidance (which is possible if the first two options are followed).
Individuals who successfully balance the benefits of
risk avoidance against energy costs (missed opportunities to eat) have a greater chance of survival.
The study, «Hunger mediates apex predator's
risk avoidance response in wildland - urban interface,» was recently published online in the Journal of Animal Ecology.
He is frequently retained by clients to consult on
risk avoidance matters and has lectured on evidence and trial practice at various continuing legal education seminars.
Utilizing his technical background, Jim also represents industry - leading clients in portfolio development, strategic initiatives, corporate transactions and licensing, corporate policies and best practices, and
risk avoidance where intellectual property issues are core.
Giving voice to children through Child - to - Child programs in post-disaster situations helps decrease displaced children's sense of powerlessness and lack of control, especially when the program incorporates efforts to involve children
in risk avoidance and disaster risk reduction.
If you choose to live in the middle of nowhere to
practice risk avoidance and prevent a neighbor's fire from impacting you, remember that you're likely much farther away from the nearest fire station and that means a longer response time.
Recognizing that proactive risk management is far more cost - effective than resolving problems after they arise, domestic businesses as well as foreign businesses with operations in Canada frequently seek our guidance on developing, implementing and enforcing corporate policies,
risk avoidance strategies and educational training for managers and employees.
For example, choosing to never drive drunk is a form
of risk avoidance and a very prudent one.
Failing early and figuring out how to handle it is a much better approach than
risk avoidance, which basically limits your upside opportunities without really providing any downside protection.
In contrast, every time that someone learns «
risk avoidance» as a supposedly legitimate business skill — well, that's flatly un-entrepreneurial.
David Sheehan discusses Brendan Rodgers lack of foresight and
risk avoidance this summer at Liverpool.
However, surprisingly, the researchers found that when shark - turtle overlap in the study region was high, turtles did not alter surfacing behavior to
risk avoidance.
SharePoint adopters will also appreciate
the risk avoidance and compliance management offered by an on - premise solution like ShareKnowledge, which can not be matched by a SaaS LMS solution.
This is where most authors are failing: they are working and marketing to offset the prohibitive barriers facing readers; barriers like high cost,
risk avoidance, lack of trust and reviews, lack of professional design.
The HomeBridge Difference HomeBridge does a better job than most mortgage companies at risk management as opposed to
risk avoidance.
Of course, you could just sit in your house and not go anywhere, but that's not really risk management, that's
risk avoidance and you can't avoid all risk forever.
Risk avoidance is simply choosing not to do things that would increase your exposure to risk.
There is extreme caution and
risk avoidance, and so much of the market appears to be random.