An interesting discussion about Risk and Reward – The safest form of diversification is to avoid the herd
you have to think and act differently from other investors.
This same conclusion can be applied to companies.
At its heart, Risk-based performance is about ensuring companies have the right information at hand to inform meaningful, robust management discussions so they can develop unique insights, make decisions and act according.
Michael Porter highlighted the need to think and act differently when he wrote “The essence of strategy is in the activities – choosing to perform activities differently or to perform different activities than rivals. Otherwise, a strategy is nothing more than a marketing slogan that will not withstand competition.”