There are all kinds of strategies that businesses need to implement to be successful, existing across numerous different business functions. A key strategy that companies commonly overlook 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 cyberattacks. These threats can cause millions of dollars in damages, both physical and virtual. Thus, creating a mitigation plan will help to save your money, as well as improve your business continuity strategy.
How do you create a risk mitigation strategy? Continue reading to find out.