Minimize risk: meaning, definitions and examples
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minimize risk
[ ˈmɪnɪˌmaɪz rɪsk ]
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
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
Word origin
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.