Risk taxonomy: Difference between revisions

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{{a|negotiation|}}A fine occupation for the idle [[Mediocre lawyer|lawyer]]: Describing, and grouping in relation to each other, the entire catalog of risks that face your undertaking. This can occupy as little or as much of your intellectual capacity as you have spare: organisations that run to the bureaucratic<ref>You know who you are.</ref> may become so swooned by this notion that they can do little else.
{{a|negotiation|}}A fine occupation for the idle [[Mediocre lawyer|lawyer]]: Describing, and grouping in relation to each other, the entire catalog of risks that face your undertaking as if they legal hazards are phyla of butterfly or great-titted thrush.  
 
This exercise can occupy as little — a breakout session on an away-day — or as much — the permanent task of a dedicated division in the department — of your firm's intellectual capacity as you have going spare: organisations that run to the bureaucratic<ref>You know who you are.</ref> may become so swooned by this notion that they can find little time to do anything else. For how can one asses the risks of a transaction if one doesn't know from which family of what genus in what species it hails?


{{seealso}}
{{seealso}}
*[[Black swan]]
*[[Black swan]]
*[[Doctrine of precedent]]
*[[Doctrine of precedent]]