Preventive maintenance is running routine maintenance and testing assets for signs of early damage. Companies that hope to explore the market and attempt new ventures of their own are applying this strategy. Dynamic – A strategy model in which executives may be proactive or reactive without defining an overall strategy. This approach is deployed once the incident has happened, in which risk managers investigate the event to determine the root cause. Both, … Still, having excess precautions is always better than being unprepared for a risk that could potentially threaten a business's operations, financial stability, and reputation. (function(){for(var g="function"==typeof Object.defineProperties?Object.defineProperty:function(b,c,a){if(a.get||a.set)throw new TypeError("ES3 does not support getters and setters. There are three main strategic models that are used in reactive management, each having advantages and disadvantages: Contingency – The kind of strategy that is best for executives who are operating in unpredictable industries or in competitive circumstances. Reactive strategies are designed to keep the person and those around them safe from harm. "),d=t;a[0]in d||!d.execScript||d.execScript("var "+a[0]);for(var e;a.length&&(e=a.shift());)a.length||void 0===c?d[e]?d=d[e]:d=d[e]={}:d[e]=c};function v(b){var c=b.length;if(0=a.length+e.length&&(a+=e)}b.i&&(e="&rd="+encodeURIComponent(JSON.stringify(B())),131072>=a.length+e.length&&(a+=e),c=!0);C=a;if(c){d=b.h;b=b.j;var f;if(window.XMLHttpRequest)f=new XMLHttpRequest;else if(window.ActiveXObject)try{f=new ActiveXObject("Msxml2.XMLHTTP")}catch(r){try{f=new ActiveXObject("Microsoft.XMLHTTP")}catch(D){}}f&&(f.open("POST",d+(-1==d.indexOf("?")?"?
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