Companies should identify foreseeable risks before they occur rather than react to unfortunate events that have already happened.

Question

Quizplus · Accepted Answer

It is always better for companies to be proactive instead of reactive when it comes to risk management. By identifying and addressing potential risks ahead of time, companies can mitigate the impact of any negative outcomes and potentially avoid them altogether. Waiting until after an unfortunate event occurs can lead to more severe consequences and greater long-term damages.

Companies Should Identify Foreseeable Risks Before They Occur Rather Than