Why would an international standard require companies to perform risk analysis?

NISO
The same question was asked a few years ago with the ISO 9000 series of standards but here at least one could supposedly claim that a quality system would theoretically improve the overall quality of a product still, one could ask the same question:  why make it a requirement to do business after all, for centuries the “market” had been and continues to be a semi-efficient process whereby inefficient and/or below average performing companies are eventually eliminated. Continue reading →