Business – Fool Proof Strategy vs Fault Proof Strategy

Yes, the strategy I would recommend in the initial stages is to be a Fool Proof Strategy for any Business which means that it should thrive in spite of n number of challenges it faces from its conceive time to the delivery stage because it should have its existence first. The faults are only in the running time which will never come to the count of zero. No faults means it is like a straight line on the ECG of humans. Later when once the Business reaches to the Fool Proof area where it is paying a minimum of the expected then you should plan for making it Fault Proof which is a continuous process and has no end .

The key values of any Business like its key inputs and key outputs must always be Fool proof and should be evaluated for all the possibilities and from there it can be mapped and risk aversion steps can be properly taken. The fault proof should be on lower priority than the fool proof in any case.

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