In the two previous episodes, Mary, Sean and Tom discussed the concepts of prioritizing and managing risk.  The debate on managing risk uncovered four paths an organization could take – avoiding, accepting, sharing or mitigating risk. 

In this third podcast on the topic of risk, the team talks about the actions and strategies a firm can take to proactively manage risk, based on which of the four approaches they decide on. A special emphasis is placed on examples of how companies are mitigating risk, because it is the approach that has the widest variety of strategies.

In this episode, you will learn:

  • How Netflix has effectively mitigated the risks to its business model
  • How oil giant Halliburton is hedging its bets as cleaner energy technologies emerge
  • Why the Challenger Sale methodology is a great approach in times of risk

Here are some quotes from the team’s discussion:

  • “Helping clients mitigate risk is a great B2B product development thought starter.”
  • “Risk prioritization tools can help a company manage and rationalize portfolios.”
  • “Embracing risk and helping your clients do the same leads to differentiation!”

We hope you enjoy the discussion and gain some helpful insights.