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Minimize risk: meaning, definitions and examples

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minimize risk

[ ˈmɪnɪˌmaɪz rɪsk ]

Verb

^{Context #1 | Verb}

business

To minimize risk means to reduce the likelihood of something negative happening. It involves taking proactive steps to mitigate potential dangers or uncertainties.

Synonyms

lower risk, mitigate risk, reduce risk.

Which Synonym Should You Choose?

Word	Description / Examples
minimize risk	Generally used when you want to make the risk as small as possible. Often found in formal, strategic, or professional settings. To minimize risk, the company invested in additional safety equipment. Proper training can help minimize risk during complex operations.
reduce risk	Used in a variety of contexts, both formal and informal, when talking about decreasing the likelihood of a negative event. Exercising regularly can reduce risk of chronic diseases. Having a good insurance policy helps reduce financial risk.
mitigate risk	Often used in formal, technical, or legal contexts when talking about implementing measures to lessen the impact or probability of a risk. To mitigate risk, the management introduced new compliance checks. The software was updated to mitigate risk associated with security vulnerabilities.
lower risk	Typically used in more casual or less formal settings when you want to decrease the level of risk but not necessarily to the smallest possible amount. Eating a balanced diet can help lower risk of heart disease. Hiring experienced staff can lower risk of project failure.

Examples of usage

By diversifying their investments, the company was able to minimize risk.
To minimize risk, the project team conducted thorough research before making any decisions.
Risk management strategies are implemented to minimize risk in financial institutions.
Insurance policies are purchased to help minimize risk in case of unexpected events.
Regular safety checks are conducted to minimize risk in the workplace.

Translations

Translations of the word "minimize risk" in other languages:

🇵🇹 minimizar o risco

🇮🇳 जोखिम को कम करना

🇩🇪 Risiko minimieren

🇮🇩 meminimalkan risiko

🇺🇦 мінімізувати ризик

🇵🇱 minimalizować ryzyko

🇯🇵 リスクを最小限に抑える (risuku o saishōgen ni osameru)

🇫🇷 minimiser le risque

🇪🇸 minimizar el riesgo

🇹🇷 riski minimize etmek

🇰🇷 위험을 최소화하다 (wiheom-eul choesohwahada)

🇸🇦 تقليل المخاطر (taqlil al-makhater)

🇨🇿 minimalizovat riziko

🇸🇰 minimalizovať riziko

🇨🇳 减少风险 (jiǎnshǎo fēngxiǎn)

🇸🇮 minimizirati tveganje

🇮🇸 draga úr áhættu

🇰🇿 тәуекелді азайту

🇬🇪 რისკის შემცირება

🇦🇿 riskləri azaltmaq

🇲🇽 minimizar el riesgo

Etymology

The concept of minimizing risk has been a fundamental principle in various fields such as finance, business, and project management. It aims to protect individuals or organizations from potential harm or losses. The practice of risk mitigation dates back to ancient times when traders would diversify their goods to minimize losses from shipwrecks or theft. Over the years, risk management strategies have evolved to include insurance, safety protocols, and advanced analytical tools to identify and address potential risks.