Which of the following is NOT a common concept in risk reduction industries?

The hazard mitigation model is not typically considered a common concept specifically within risk reduction industries when compared to the other options provided. The operational safety triad emphasizes the interconnection between safety, operational efficiency, and quality, which are fundamental in managing risks in various industries. The five-step risk management model is a widely recognized framework encompassing risk identification, assessment, evaluation, treatment, and monitoring, forming the core of many risk management strategies.

Risk/benefit thinking is also a critical aspect in decision-making processes within risk reduction, as it involves weighing potential risks against the expected benefits to determine the most effective approach to mitigate hazard scenarios.

In contrast, while hazard mitigation is an important concept, it is generally categorized as part of broader emergency management or disaster response strategies rather than a core principle exclusive to the systematic approaches used in continuous risk reduction practices. Therefore, it stands apart from the other foundational concepts that are more prevalent in risk reduction frameworks.