What are some companies known for their strong risk cultures?
Companies like Goldman Sachs, Boeing, and Toyota are often cited for their strong risk cultures.
What makes their risk culture strong?
These companies prioritize risk management, encourage open communication about risks, and have robust training programs.
Can you give an example of how Toyota handles risk?
Toyota employs a 'kaizen' approach, focusing on continuous improvement and learning from mistakes to mitigate risks.
Are there any industries where risk culture is particularly important?
Yes, industries like finance, healthcare, and aviation place a high emphasis on risk culture due to the potential consequences of failures.
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