EnrichHER Spark Conference 2018
When you have to put out a fire, what process do you have that's proven to be effective? As a newbie entrepreneur, I have not had to put out any fires yet. However, when the time occurs, I feel that it is important to use operational risk management (ORM). ORM is a Navy process used that includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. When putting out a fire, there is almost always some damage because of the fire. In moving forward an analysis of the what was the fire’s fuel should be recognized as well as a thorough projection of future risk to prevent or mitigate future fires.