Business StrategyA bank considers expanding its products to include financial derivatives. After completing a business plan, the bank determines that the plan is risky and decides not to pursue the strategy.
InvestingAn investment adviser recommends a stock to a client. The client reads the company's most recent financial report and finds it's a complex business with difficult to understand risk factors and decides against the investment.
Health & SafetyA company shuts down a construction site in bad weather to avoid the risk that someone will get hurt.
Information SecurityA retailer discontinues collection of personal data such as customer's ages and telephone numbers to avoid the risk that such data would be stolen in an information security incident.
|Overview: Risk Avoidance|
Choosing to avoid actions that trigger a risk.