Organizations should adopt risk-based thinking to make better decisions, particularly when they must contend with challenging, fast-paced or otherwise uncertain environments. This way of thinking protects manufacturers from inevitable, unexpected failures and inefficiencies, because it prompts organizations to invest time and resources toward planning for the unknown.
Addressing risk also helps companies long term. The time colleagues spend contemplating, finding, and dealing with risks also helps them understand organizational processes — a shared learning progression that strengthens culture and business results.