Yes, a good example of effective risk management is the case of Chipotle. The company analyzed its supply chain, categorized its risks, and created new risk prevention models to adapt. Managed by a dedicated food safety team, Chipotle partnered with suppliers to implement rigorous food safety standards before ingredients ever reached its restaurants. The company also incentivized food safety as a performance measure for quarterly bonuses and created a culture of risk management. This case study demonstrates how a comprehensive approach to risk management can help a company mitigate potential threats and ensure business continuity.
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Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top Risk Management tools from the biggest consulting...
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In the case of Chipotle, the company analyzed its supply chain, categorized its risks and created new risk prevention models to adapt. Managed by a dedicated food safety team, Chipotle partnered with suppliers to implement rigorous food safety standards before ingredients ever reach its restaurants. The company also incentivized food safety as a performance measure for quarterly bonuses and created a culture of risk management.
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