Businesses routinely take risks to innovate, grow and compete. But today's reasonable risk can become tomorrow's misfortune, so businesses track their risks and mitigate them when needed. That practice has come a long way since its first formalization outside of gambling and finance, when in the mid-1950s it became a way to optimize factory production.

In today's digitally driven global economy, risk management has transformed into a strategic practice for supporting growth and agility while maintaining control. That's especially significant when planning for post-pandemic expansion; as our global economy recovers, opportunities are everywhere, and each comes with risks.

Before, during and after a big move-a merger, acquisition, spin-off, new product or service, to name a few-it's vital to consider risk in every step along your path.