Blog

Strategic Risk Management: Shaping Decisions in an Uncertain World

Posted by Sohayla Fitzpatrick on September 8, 2016 at 16:30

The Here and Now:

Cyber-attacks

Regulations

Around the Corner:

Talent avaialbity

Fiscal crises, sustainability demands and social instability

On the Horizon:

Climate change, water crises, large scale involuntary migrations.Emerging technologies

Strategy is about making choices.  Think about:

What creates Value in your organization?

How is value Captured?

How is Strategy set, communicated and executed?

What is the actual Attitude towards risk management?

Does the organization's Culture support a strategic risk management approach?

Good Decision making steps:

1. Frame:  issue/need defined

2. Doable alternatives

3. Meaningful, reliable informaiton

4. Developing options

5. Clear values and trade-offs

6. Logically, correct reasoning

7. Acting on the decision

Strategic Risk Management (SRM) is a business discipline that drives deliberation and action regarding uncertainties and untapped opportunities that affect an organization's strategy and strategy execution.

Views: 102
★
★
★
★
★
Votes: 0
E-mail me when people leave their comments –
Follow

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

FEATURED BLOG POSTS

LATEST BLOG POSTS

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead