You're launching a new product. How can you ensure your risk tolerance aligns with strategic goals?
Launching a new product is an exciting venture, but it's also fraught with risk. To navigate the uncertainties, aligning your risk tolerance with your strategic goals is paramount. This means understanding the types of risks involved, how they can impact your business, and what level of risk you're willing to accept to achieve your objectives. It's a balancing act between being too cautious, which can stifle innovation, and being too reckless, which can lead to significant losses. By carefully assessing and managing risks, you can position your product for success while staying true to your company's vision and capacity for handling potential setbacks.
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Jorge Tavira, PMP?, CSM?Senior Project Manager @ Caixa Geral Angola Bank | Agile Project Management with a focus on customer value | Scrum…
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KP YangPrivacy & Data Protection | Data Governance | Business Change Leader & Coach | Fellow of Information Privacy
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Shanmugaraj SFinancial Crime Analyst (SME/Point of Reference) @ CBA || AML/KYC || Lean Six Sigma Green Belt certified