Which of the following is a key principle of risk management?

The principle of proactive identification and mitigation of potential hazards is fundamental to effective risk management because it emphasizes the importance of anticipating problems before they occur and taking steps to eliminate or reduce the likelihood of those risks. This approach allows organizations to create safer environments, enhance decision-making, and minimize potential losses. By focusing on identifying risks early, organizations can implement control measures, training, and practices that significantly lower the chance of incidents happening, which is a far more effective strategy than simply reacting to problems as they arise. This proactive stance ensures that a culture of safety is embedded within the organization and that employees understand the importance of hazard recognition and proper risk management practices.