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7. Don’t Be Afraid of Risks

Risk in Today’s Operations

Operations managers are faced with many challenges that require the manager to either plan or respond to situations. This can include planning for regular processes conducted within the department, planning for special projects, and planning for new items the department will undertake. One area managers might struggle with is in dealing with problems that could arise from any number of different sources. This can be a difficult area for management to train and prepare for because problems can be unpredictable and solutions can vary depending on the size an...

Note

Whether you are working towards making improvements or solving a problem, it’s likely there will be a certain amount of risk involved. Instead of allowing risk to paralyze your efforts, learn some strategies for planning for and managing it.