There are all kinds of strategies that businesses need to implement to be successful, existing across numerous different business functions. A key one that is commonly overlooked is a mitigation strategy.
Risk mitigation is the process of developing actionable insights that reduce threats to the overall well-being of an organization. Threats come in all shapes and sizes, from natural disasters to cyber-attacks. These threats can cause thousands of dollars in damage that is both physical and virtual. Thus, creating a mitigation plan will help to save you money, as well as improve your business continuity strategy.