- reduce the chance of negative events or increase the chance of opportunities for your business.
For example, you could cease paper filing due to workplace injuries. This may reduce workplace injuries, save money on the cost of paper and printing, and increase customer and employee engagement for becoming an environmentally conscious business.
- reducing the size of expected losses or increasing the expected gains from opportunities.
For example, planning for emergencies and unexpected events may mean you have the correct insurances, a communications strategy and processes that enable you to get back to business faster than without the plan. You may be the first to be back in business and therefore gain an advantage in the market.