Some examples of companies that were on the brink of failure but managed to avoid catastrophe using risk management tools include Tesla, Apple, and IBM. Tesla was facing bankruptcy during the financial crisis of 2008 but managed to survive through strategic risk management and securing a loan from the US Department of Energy. Apple was on the brink of bankruptcy in 1997 but managed to turn around its fortunes through a series of strategic decisions, including securing an investment from Microsoft and launching innovative products like the iPod and iPhone. IBM was also facing significant challenges in the early 1990s but managed to transform its business model and focus on high-margin businesses like IT services and software, which helped it avoid catastrophe.
Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top...
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