The Smart Risk-Playbook Newsletter
Helping business leaders prevent product risks |
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When most business leaders think about product risk, they think about physical safety, performance failures, or market acceptance. But there’s another risk that’s quickly climbing to the top of the priority list: data security.
Whether you manufacture smart devices, children’s safety monitors, wearable tech, or even seemingly simple connected tools, your product may be collecting, transmitting, or storing personal data. That means you’re now also in the data protection business. In the last newsletter we looked at reducing injury risk through thoughtful safety mechanism design. In addition to fail-safe principles (newsletter #4) and good safety mechanism design (newsletter #5), there are other smart design choices that can reduce the chances of common failures. To finish off this series on how good design plays a critical role in reducing product risks, here are four common failures that often lead to injury and how you can reduce those risks:
In the last newsletter we looked at how fail-safe design is the ideal. However, it is not always possible to achieve in all situations. In many cases, additional safety mechanisms are required to reduce risk when the primary design can't fully eliminate it.
A safety mechanism is any added feature, mechanical, electrical, or visual, that reduces the likelihood of harm. It acts as a backup to core design functions and is especially important where the consequences of failure are severe. In the last newsletter, we explored how product risks evolve as your business grows. This often leads to new challenges, leaving many business leaders wondering: Why are these problems emerging now when they weren’t an issue before?
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Bringing a product to market, whether it’s a new launch or an established line, comes with challenges at every stage. I’ve seen firsthand how unexpected risks can derail even the most innovative businesses.
My goal with this newsletter is to help you anticipate these risks, make informed decisions, and strengthen your business’s resilience. Each issue, you’ll gain practical insights such as: By understanding what’s happening behind the scenes, you’ll be equipped to ask the right questions, challenge assumptions, and create a business that runs smoothly, without unexpected setbacks slowing you down. |
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