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Risk management is part of every decision a business faces, legal or compliance risks aren't any different. Can we risk the CEO and chairman travelling on the s
by hobbe80 8y ago
Risk management is part of every decision a business faces, legal or compliance risks aren't any different. Can we risk the CEO and chairman travelling on the same airplane? Can we risk having our disaster recovery site in the same city as our main? Same country? Same continent? Can we risk buying all this trends-sensitive inventory? Etc.
(Potential savings or revenue) - (Somewhat easy to calculate cost) * (Difficult to assess risk) = Profit. More or less.
- deleted 8y ago[deleted]
- taysic 8y agoThat's not what I was referring to at all. I mean that the sentiment of 'probably'/'likely' from a random stranger online, to a business which might have EU users but never interacted with EU regulators doesn't mean much.
- Fradow 8y agoOf course Instapaper shouldn't take advise from me, a random stranger online, but from lawyers. But from my shoes (someone that run a business in the EU, is not compliant right now and is talking to a lawyer), Instapaper decision is a bad risk-management decision.